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Finance Act 1963

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This is the original version (as it was originally enacted).

54Exemption for gifts of land of outstanding scenic, historic or scientific interest

(1)As respects estate duty leviable on or with reference to any death occurring on or after the 4th April 1963, subsections (2) to (4) of section 33 of the Finance Act 1951 (estate duty exemptions in connection with preservation of buildings for public benefit) shall subject to the provisions of this section apply to any gift, devise or bequest of land (with or without buildings thereon) which in the opinion of the Treasury is of outstanding scenic, historic or scientific interest.

(2)In relation to gifts, devises or bequests to which the said subsections apply by virtue of this section they shall have effect subject to the following modifications:—

(a)for references to a house or other building with or without grounds there shall be substituted references to land with or without buildings;

(b)for references to preservation of a house or building there shall be substituted references to preservation of the character of land ;

(c)in subsection (2) the words " and the 1949 section, together with the foregoing subsection of this section " shall be deemed to be omitted;

(d)for paragraph (a) of subsection (3) there shall be substituted— the land is of outstanding scenic, historic or scientific interest; " (e) for the reference in the said subsection (3) to securing reasonable access for the public there shall be substituted a reference to securing reasonable access for the public or prohibiting or restricting access, as may be appropriate to the character of the land.

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