Paragraph 30

Section 32A (associated properties) is amended as follows.

After subsection (5) insert—

“(5A)

The death of a person beneficially entitled to property, or the disposal of property, is not a chargeable event if—

(a)

in the case of a death, a person who became beneficially entitled to the property on the death disposes of it in the circumstances described in paragraph 1 of Schedule 14 to the Finance Act 2012 (gifts to the nation) within 3 years of the death, or

(b)

in the case of a disposal, the disposal is made in the circumstances described in paragraph 1 of that Schedule.”

In subsection (7), after “(5)(a) or (b)” insert “ or (5A)(a) or (b) ”.