Group 11—Works of Art, etc.U.K.
Item No.
1The disposal of an object with respect to which estate duty is not chargeable by virtue of section 30(3) of the M1Finance Act 1953, section 34(1) of the M2Finance Act 1956 or the proviso to section 40(2) of the M3Finance Act 1930.
2The disposal of an object with respect to which capital transfer tax is not chargeable by virtue of [F1paragraph 1(3)(a) or (4), paragraph 3(4)(a), or the words following paragraph 3(4), of Schedule 5 to the Capital Transfer Tax Act M41984].
Textual Amendments
F1Words substituted by virtue of Capital Transfer Tax Act 1984 (c. 51, SIF 65), Sch. 8 para. 24 (group 11 being therein referred to as group II)
Marginal Citations
M41984 c. 51 (65)
3The disposal of property with respect to which capital transfer tax is not chargeable by virtue of [F2section 32(4) [F3or 32A(5) or (7)]of the M5Capital Transfer Tax Act 1984].
Textual Amendments
F2Words substituted by virtue of Capital Transfer Tax Act 1984 (c. 51, SIF 65), Sch. 8 para. 24 (group 11 being therein referred to as group II)
F3Words inserted in relation to events on or after 19.3.1985 by Finance Act 1985 (c. 54, SIF 18), Sch. 26 para. 14
Marginal Citations
M51984 c. 51 (65)
4The disposal of an asset in a case in which any gain accruing on that disposal is not a chargeable gain by virtue of section 147(2) of the M6Capital Gains Tax Act 1979.
Marginal Citations