Paragraph 38

In Schedule 4 (maintenance funds for historic buildings etc.) in paragraph 14 (rates of charge) in sub-paragraphs (1) to (3), for the words “under the appropriate Table”, wherever occurring, there shall be substituted “ in accordance with the appropriate provision of section 7 of this Act ”.

After sub-paragraph (1) of that paragraph there shall be inserted the following sub-paragraph—

“(1A)

The rate of tax determined under sub-paragraph (1) above in respect of any occasion shall not be affected by the death of the settlor after that occasion.”

In sub-paragraph (6) of that paragraph for the words “ten years” there shall be substituted “ seven years ”.

For sub-paragraph (9) of that paragraph there shall be substituted the following sub-paragraph—

“(9)

For the purposes of sub-paragraph (1) above the appropriate provision of section 7 of this Act is subsection (2), and for the purposes of sub-paragraphs (2) and (3) above it is (if the settlement was made on death) subsection (1) and (if not) subsection (2).”