Inheritance Tax Act 1984 (c. 51)

Section 276.

SCHEDULE 8 U.K. CONSEQUENTIAL AMENDMENTS

Modifications etc. (not altering text)

C1 Schedule 8as originally enacted in the Capital Transfer Tax Act 1984,in relation to capital transfer tax.

The Land Registration Act 1925 U.K.

1 In section 73 of the M1 Land Registration Act 1925 for the words “Part III of the Finance Act 1975” there shall be substituted the words “the Capital Transfer Tax Act 1984” and for the words “that Part” there shall be substituted the words “that Act”.

Marginal Citations

M1 1925 c. 21.

The Crown Proceedings Act 1947 U.K.

2 U.K. In section 14(1)(b) of the M2 Crown Proceedings Act 1947, for the words from “payment” to the end there shall be substituted the words “payment of capital transfer tax under the Capital Transfer Tax Act 1984”.

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M2 1947 c. 44.

The Land Charges Act 1972 U.K.

3 (1) In section 2 of the M3 Land Charges Act 1972— U.K.

(a) in subsection (4)(ii) for the words “Part III of the Finance Act 1975” there shall be substituted the words “the Capital Transfer Tax Act 1984”; and

(b) in subsection (5)(i) for the words “Part III of the Finance Act 1975 (capital transfer tax)” there shall be substituted the words “the Capital Transfer Tax Act 1984”.

(2) In section 4(6) of that Act for the words “Part III of the Finance Act 1975” there shall be substituted the words “the Capital Transfer Tax Act 1984”.

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M3 1972 c. 61.

The Finance Act 1975 U.K.

4 U.K. In section 49(4) of the M4 Finance Act 1975 after the words “paragraph 1 of Schedule 6 to this Act” there shall be inserted the words “or section 18 of the Capital Transfer Tax Act 1984”.

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M4 1975 c. 7.

5—7. U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1

Textual Amendments

F1 Repealed by Finance Act 1985 s. 93and Sch. 27, Part X,in relation to disposals on or after 19March 1985.

The Finance Act 1977 U.K.

8 U.K. In section 38 of the M5 Finance Act 1977—

(a) in subsection (1) for the words “a direction has effect under section 93 of the Finance Act 1982” there shall be substituted the words “a direction has effect under paragraph 1 of Schedule 4 to the Capital Transfer Tax Act 1984”; and

(b) in subsection (5)(a) for the words “the said section 93” there shall be substituted the words “the said paragraph 1”.

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M5 1977 c.36.

The Capital Gains Tax Act 1979 U.K.

9 In subsections (1)(b) and (3)(a) of section 146 of the M6 Capital Gains Tax Act 1979 for the words “paragraph 12 of Schedule 6 to the Finance Act 1975” there shall be substituted the words “Schedule 3 to the Capital Transfer Tax Act 1984”.

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M6 1979 c.14.

10 (1) Section 147 of the Capital Gains Tax Act 1979 shall be amended as follows.

(2) In subsection (1) for the words “sub-paragraph (2) of paragraph 13 of Schedule 6 to the Finance Act 1975” there shall be substituted the words “subsection (2) of section 26 of the Capital Transfer Tax Act 1984” and for the words “sub-paragraph (1) of that paragraph” there shall be substituted the words “subsection (1) of that section”.

(3) In subsection (2)—

(a) in paragraph (a) for the words “paragraph 12 of the said Schedule 6” there shall be substituted the words “Schedule 3 to the Capital Transfer Tax Act 1984”; and

(b) in paragraph (b) for the words “paragraph 17 of Schedule 4 to the said Act of 1975” there shall be substituted the words “section 230 of the Capital Transfer Tax Act 1984”.

(4) In subsection (3) for the words “section 77 of the Finance Act 1976” there shall be substituted the words “section 31 of the Capital Transfer Tax Act 1984” and for the words “the said section 77” there shall be substituted the words “the said section 31”.

(5) In subsection (5) for the words “section 78 of the Finance Act 1976” there shall be substituted the words “section 32 of the Capital Transfer Tax Act 1984”.

(6) In subsection (7)—

(a) for the words “section 77(1)(c), (d) or (e) of the Finance Act 1976” there shall be substituted the words “section 31(1)(c), (d) or (e) of the Capital Transfer Tax Act 1984;

(b) for the words “the said section 77(1)(c)” there shall be substituted the words “the said section 31(1)(c)”; and

(c) for the words “the said section 77(1)(d) or (e)” there shall be substituted the words “the said section 31(1)(d) or (e)”.

(7) In subsection (9) after the word “under” there shall be inserted the words “Chapter II of Part II or section 78 of, or Schedule 5 to, the Capital Transfer Tax Act 1984.”.

11 (1) Section 149 of the Capital Gains Tax Act 1979 shall be amended as follows.

(2) In subsection (1)—

(a) in paragraph (a) for the words “section 90 of the Finance Act 1976” ther shall be substituted the words “section 13 of the Capital Transfer Tax Act 1984”;

(b) in paragraph (b) for the words “section 67 of the Finance Act 1978” there shall be substituted the words “section 28 of the Capital Transfer Tax Act 1984”.

(3) In subsection (4)(b) for the words from “paragraph 17(1)” to “has effect)” there shall be substituted the words “section 86(1) of the Capital Transfer Tax Act 1984 (that is to say, those in relation to which the said section 13 of that Act has effect)”.

(4) In subsection (5) for the words “the said paragraph 17(1)” there shall be substituted the words “the said section 86(1)”.

12 In paragraphs 1 and 3 of Schedule 4 to the M7 Capital Gains Tax Act 1979 for the words “Schedule 14 to the Finance Act 1981” wherever they occur there shall be substituted the words “Chapter II of Part V of the Capital Transfer Tax Act 1984”.

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M7 1979 c.14.

The National Heritage Act 1980 U.K.

13 U.K. In section 8(1) of the M8 National Heritage Act 1980 after the words “Finance Act 1975” there shall be inserted the words “or section 230 of the Capital Transfer Tax Act 1984”.

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M8 1980. c.17.

14 U.K. In section 12(3) of the National Heritage Act 1980 for the words “the said paragraph 17(4)” there shall be substituted the words “section 230(4) of the Capital Transfer Tax Act 1984”.

15 U.K. In section 13(3) of the National Heritage Act 1980 after the words “this section” there shall be inserted the words “or section 230(1) or 231(2) of the Capital Transfer Tax Act 1984”.

16 U.K. In section 14(1) of the National Heritage Act 1980, for the words “or of the provisions amended by section 12 above” there shall be substituted the words “or under section 230 of the Capital Transfer Tax Act 1984”.

The Finance Act 1980 U.K.

17 (1) Section 52 of the M9 Finance Act 1980 shall be amended as follows. U.K.

(2) In subsection (1)—

(a) for the words “a direction has effect under section 93 of the Finance Act 1982” there shall be substituted the words “a direction has effect under paragraph 1 of Schedule 4 to the Capital Transfer Tax Act 1984”;

(b) in paragraph (a) for the words “subsection (3) of that section” there shall be substituted the words “sub-paragraph (1) of paragraph 3 of that Schedule”; and

(c) in paragraph (b) for the words “that subsection” there shall be substituted the words “that sub-paragraph”.

(3) In subsections (2) and (3) for the words “subsection (3)(a)(i) or (ii) of the said section 93” there shall be substituted the words “sub-paragraph (1)(a)(i) or (ii) of the said paragraph 3”.

(4) In subsection (7)—

(a) in paragraph (a) for the words from “paragraph 3(1)” to “paragraph 3(4)” there shall be substituted the words “paragraph 9(1) of Schedule 4 to the Capital Transfer Tax Act 1984 there is (or, but for paragraph 9(4)”; and

(b) in paragraph (b) for the words “section 93 of that Act” there shall be substituted the words “paragraph 1 of that Schedule”.

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M9 1980 c.48.

18 (1) Section 53 of the M10 Finance Act 1980 shall be amended as follows. U.K.

(2) In subsection (1)—

(a) for the words “subsection (3) of section 93 of the Finance Act 1982” there shall be substituted the words “sub-paragraph (1) of paragraph 3 of Schedule 4 to the Capital Transfer Tax Act 1984”; and

(b) in paragraph (a) for the words “the said section 93” there shall be substituted the words “paragraph 1 of the said Schedule 4”.

(3) In subsection (4)—

(a) in paragraph (a) for the words from “paragraph 3(1)” to “paragraph 3(4)” there shall be substituted the words “paragraph 9(1) of Schedule 4 to the Capital Transfer Tax Act 1984 there is (or, but for paragraph 9(4)”; and

(c) in paragraph (b) for the words “section 93 of that Act” there shall be substituted the words “paragraph 1 of that Schedule”.

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M10 1980 c. 48.

19 U.K. In section 98 of the Finance Act 1980 for the words between “by virtue of” and “but” there shall be substituted the words “paragraph 9(1) or 17(1) of Schedule 4 to the Capital Transfer Tax Act 1984 there is no charge to capital transfer tax in respect of the property ceasing to be comprised in the settlement or a reduced charge to that tax by virtue of paragraph 9(4) or 17(4) of that Schedule”.

The Supreme Court Act 1981 U.K.

20 U.K. In section 109 of the M11 Supreme Court Act 1981—

(a) in subsections (1) and (2) for the words “Part III of the Finance Act 1975” there shall be substituted the words “the Capital Transfer Tax Act 1984”; and

(b) in subsection (3) for the words “section 94(1)(a) of the Finance Act 1980” there shall be substituted the words “section 256(1)(a) of the Capital Transfer Act 1984”.

Marginal Citations

M11 1981 c. 54.

The Finance Act 1982 U.K.

21 U.K. In section 61(1) of the M12 Finance Act 1982—

(a) for the words “section 93 below” there shall be substituted the words “paragraph 1 of Schedule 4 to the Capital Transfer Tax Act 1984”; and

(b) in paragraph (a) for the words “subsection (3)(a)(i) of section 93” there shall be substituted the words “paragraph 3(1)(a)(i) of that Schedule”.

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M12 1982 c. 39.

22 U.K. In section 62 of the M13 Finance Act 1982 for the words “section 93 below” there shall be substituted the words “paragraph 1 of Schedule 4 to the Capital Transfer Tax Act 1984”.

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M13 1982 c.39.

The Finance (No. 2) Act 1983 U.K.

23 In section 7(8) of the M14 Finance (No. 2) Act 1983 for the words “paragraph 11 of Schedule 6 to the Finance Act 1975” there shall be substituted the words “section 24 of the Capital Transfer Tax Act 1984”.

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M14 1983 c. 49.

The Value Added Tax Act 1983 U.K.

24 U.K. In Group 11 of Schedule 6 to the M15 Value Added Tax Act 1983—

(a) in item 2, for the words from “section 32(3)(a)” onwards there shall be substituted the words “paragraph 1(3)(a) or (4), paragraph 3(4)(a), or the words following paragraph 3(4), of Schedule 5 to the Capital Transfer Tax Act 1984”; and

(b) in item 3, for the words “section 78(4) of the Finance Act 1976” there shall be substituted the words “section 32(4) of the Capital Transfer Tax Act 1984”.

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M15 1983 c. 55.

The Land Registration Act (Northern Ireland) 1970 U.K.

25 In paragraph 7 of Part II of M16 Schedule 6 to the Land Registration Act (Northern Ireland) 1970 for the words “Part III of the Finance Act 1975” there shall be substituted the words “the Capital Transfer Tax Act 1984”.

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M16 1970 c. 18 (N.I.).