6(1)In section 21—
(a)subsection (2) shall be omitted ;
(b)in subsection (3) for the words " those mentioned in subsection (2) above" there shall be substituted the words " capital sums on death ";
(c)in subsection (4) for the words "subsections (2) and (3)" (in both places) there shall be substituted the words " subsection. (3) "; and
(d)in subsection (5) the words "or of 7 per cent" shall be omitted.
(2)This paragraph has effect for the year 1976-77 and subsequent years of assessment