Amendments of IHTA 1984
8(1)Section 151BA (rate or rates of charge under section 151B) is amended as follows.
(2)In subsection (1), for the words after “(4) of that section)” substitute “less the amount of any previously charged income tax (within the meaning of subsection (4A) of section 151A) constituted the relevant amount for the purposes of subsection (2) of that section, but subject as follows.”
(3)Omit subsection (2).
(4)In subsection (3)—
(a)for the words from “on the taxable amount” to “of that section” substitute “is to be determined on the assumption that the references in section 151A(4A) and (5)”, and
(b)for “this section” substitute “section 151B above”.