# National Heritage Act 1980, Section 12: Approval of property for acceptance in satisfaction of tax.

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

(1) . . .
(2) The power of the Commissioners of Inland Revenue to accept property in satisfaction of estate duty under the provisions mentioned in subsection (3) of section 8 above shall not be exercisable except with the agreement of the Secretary of State; and the Secretary of State shall exercise the functions conferred on the Treasury by the provisions mentioned in paragraphs (b) and (c) of that subsection. . . .
(3) Any question whether an object or collection or group of objects is pre-eminent shall be determined under the provisions mentioned in section 8(3)(b) or (c) above in the same way as under section 230(4) of the Capital Transfer Tax Act 1984.

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Source: https://www.legislation.gov.uk/ukpga/1980/17/section/12 (the official version)
Page: https://openlegislation.uk/national-heritage-act-1980/section-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.