# Finance Act 2006, Paragraph 12


(1) In section 64(1) (expenses in administration)—
(a) for the words from “an asset” to the beginning of paragraph (a) substitute “ an asset held by another person as trustee, or as a personal representative of a deceased person, to which he became absolutely entitled as legatee or as against the trustee ”, and
(b) in paragraphs (a) and (b) for “personal representatives or trustees” substitute “ personal representative or trustee ”.
(2) This paragraph shall have effect in relation to disposals made on or after 6th April 2006.

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Source: https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/12 (the official version)
Page: https://openlegislation.uk/finance-act-2006/schedule-12/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.