The Finance Act 1946
7(1)In section 50 of the [1946 c. 64.] Finance Act 1946—
(a)in subsection (1), for the words "section 56 of the [1910 c. 8.] Finance (1909-10) Act 1910 " there shall be substituted the words " paragraph 17 of Schedule 4 to the Finance Act 1975 ", and for the word "duty" there shall be substituted the words " capital transfer tax ";
(b)in subsection (2), for the word "duty" wherever it occurs there shall be substituted the word " tax "; and
(c)in subsection (5), after the word " sub-lease" there shall be inserted the words " or the lending ", and for the words " in respect of " there shall be substituted the word " of ".
(2)In section 51 of that Act—
(a)in subsection (1), for the words " section 56 of the Finance (1909-10) Act 1910" there shall be substituted the words " paragraph 17 of Schedule 4 to the Finance Act 1975 "; and
(b)in subsection (2), for the words " section 56" there shall be substituted the words " paragraph 17 ".