Finance Act 1975

1. Introductory Text

2. PART I Value Added Tax

   1. 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   2. 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   3. 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   4. 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3. PART II INCOME TAX AND CORPORATION TAX

   1. 5—12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   2. 13—15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   3. 16,17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   4. 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. PART III CAPITAL TRANSFER TAX

   1. Main charging provisions

      1. 19. Capital transfer tax.

      2. 20—47. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   2. Estate duty and obsolete death duties

      1. 48. Interest on repayment of estate duty and on instalments of duty.

      2. 49. Abolition of estate duty and transitional provisions.

      3. 50. Final abolition of obsolete death duties.

   3. Supplemental

      1. 51. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      2. 52. Consequential amendments and repeals.

5. PART IV MISCELLANEOUS AND GENERAL

   1. 53. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   2. 54. Appeals on questions of value of unquoted shares or securities.

   3. 55. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

   4. 56. Signature of certain requisitions and requests of the Treasury.

   5. 57. Appointment of General Commissioners in Scotland, and amendment of declaration to be made by certain officers.

   6. 58. Amendments of Vehicles (Excise) Act (Northern Ireland) 1972.

   7. 59. Citation, interpretation, construction and repeals.

6. SCHEDULES

   1. SCHEDULE 1

      . . .

   2. SCHEDULE 2

      . . .

   3. SCHEDULE 3

      . . .

   4. SCHEDULE 4

      Administration and Collection of Capital Transfer Tax

      1. 1—37. . . . . . . . . . ....

      2. Refusal of probate or administration where tax unpaid

         1. 38. (1) . . . . . . . . ....

         2. 39—44. . . . . . . . . . ....

   5. SCHEDULES 5—7

      . . .

   6. SCHEDULE 8

      Relief for Agricultural Property

      1. Part I

         1. 1–11. . . . . . . . . . ....

      2. Part II Estate Duty

         1. Nature of relief

            1. 12. Where the estate chargeable with estate duty on the death...

            2. 13. (1) Where the principal value of any agricultural property is...

         2. Companies

            1. 14. Where an estate comprises shares in or debentures of a...

         3. Limitation of relief

            1. 15. Relief under this Part of this Schedule shall be given...

         4. Supplementary

            1. 16. (1) For the purposes of relief under this Part of...

   7. SCHEDULES 9,10

      . . .

   8. SCHEDULE 11

      Amendment of Estate Duty Enactments

      1. Part I—Great Britain

         1. 1. In Part I of Schedule 17 to the Finance Act...

         2. 2. (1) In section 121(1)(c) of the Finance Act 1972 (which...

         3. 3. Section 23 of the Finance Act 1925 and section 28...

      2. PART II—Northern Ireland

         1. 4. In Part I of Schedule 1 to the (determination of...

         2. 5. (1) In Article 5(1)(c) of the Finance (Northern Ireland) Order...

         3. 6. Section 3 of the (N.I.).Finance (No. 2) Act (Northern Ireland)...

   9. SCHEDULE 12

      CONSEQUENTIAL AMENDMENTS

      1. General

         1. 1. . . . . . . . . . ....

         2. 2. The amendments made by the following paragraphs—

      2. The Local Registration of Title (Ireland) Act 1891

         1. 3. (1) In the Local Registration of Title (Ireland) Act 1891,...

      3. The Colonial Probates Act 1892

         1. 4. In section 2(1) of the Colonial Probates Act 1892 after...

      4. The Land Registration Act 1925

         1. 5. (1) The Land Registration Act 1925 shall be amended as...

      5. The Inheritance (Family Provision) Act 1938

         1. 6. . . . . . . . . . ....

      6. The Finance Act 1946

         1. 7. . . . . . . . . . ....

      7. The Crown Proceedings Act 1947

         1. 8. In section 14(1) of the Crown Proceedings Act 1947—

         2. 9. In section 14 of the Crown Proceedings Act 1947, as...

      8. Small Estates (Representation) Act 1961

         1. 10. (1) In relation to Scotland section 1 of the Small...

      9. The Licensing Act 1964

         1. 11. . . . . . . . . . ....

      10. The Finance Act 1965

          1. 12, 13. . . . . . . . . . ....

          2. 14, 15. . . . . . . . . . ....

      11. The Income and Corporation Taxes Act 1970

          1. 16. . . . . . . . . . ....

      12. The Finance Act 1971

          1. 17. . . . . . . . . . ....

      13. The Land Charges Act 1972

          1. 18. (1) The Land Charges Act 1972 shall be amended as...

      14. The Finance Act 1974

          1. 19. . . . . . . . . . ....

      15. The Inheritance (Family Provision) Act (Northern Ireland) 1960

          1. 20. (1) In section 5(1) of the Inheritance (Family Provision) Act...

      16. The Land Registration Act (Northern Ireland) 1970

          1. 21. In Schedule 6 to the Land Registration Act (Northern Ireland)...

   10. SCHEDULE 13

       REPEALS

       1. PART I DEATH DUTIES

          1. Enactments of the Parliament of Northern Ireland

             1. These repeals have effect— (a) in relation to deaths occurring...

       2. PART II MISCELLANEOUS

          1. 1. The repeal in the Taxes Management Act 1970 takes effect...

          2. 2. The repeals in section 21 of the Income and Corporation...

          3. 3. The repeals in sections 394 to 398 of the Income...

          4. 4. The repeal in the Vehicles (Excise) Act (Northern Ireland) 1972...

          5. 5. The repeals of Schedule 25 to the Finance Act 1972...