# Finance Act 1986, Paragraph 46

Extent: E+W+S+N.I.

Notwithstanding anything in section 3A of the 1984 Act, a transfer of value which is made on or after 1st July 1986 and which, by virtue of subsection (4) of section 49 of the Finance Act 1975 (transitional provision relating to estate duty deferment in respect of timber etc.), brings to an end of the period during which estate duty is payable on the net moneys received from the sale of timber etc. is not a potentially exempt transfer to the extent that the value transferred is attributable to the land concerned.

---
Source: https://www.legislation.gov.uk/ukpga/1986/41/schedule/19/paragraph/46 (the official version)
Page: https://openlegislation.uk/finance-act-1986/schedule-19/paragraph-46
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.