Finance Act 1975

Supplementary

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

(a) paragraphs 3, 4 and 5(2) above shall apply as if for references to the transferor and the transfer there were substituted references to the deceased and his death ;

(b) paragraph 3(5) above shall apply with the further modification specified in sub-paragraph (2) below ;

(c) paragraph 5(2) above shall apply for the purposes of paragraph 15 above ; and

(d) paragraph 9(5) above shall apply as if for the reference to tax there were substituted a reference to estate duty.

(2) For the purposes of relief under this Part of this Schedule paragraph 3(5) above shall apply as if it required the principal value of the agricultural property to be computed in accordance with paragraph 13(2) above.