# Finance Act 1986, Paragraph 38


(1) 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 ”.
(2) 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.”
(3) In sub-paragraph (6) of that paragraph for the words “ten years” there shall be substituted “ seven years ”.
(4) 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).”

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Source: https://www.legislation.gov.uk/ukpga/1986/41/schedule/19/paragraph/38 (the official version)
Page: https://openlegislation.uk/finance-act-1986/schedule-19/paragraph-38
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.