Rate Of Tax
Amendment made: No. 76, in page 26, line 44, after 'the', insert 'appropriate'.—[Dr. Gilbert.]
Dr. Gilbert: I beg to move Amendment No. 77, in page 27, line 6, at end insert—
|'(1A) Except as otherwise provided the First Table set out in subsection (2) below is the appropriate Table for a transfer made on or at any time within three years of the death of the transferor, and the Second Table set out in that subsection is the appropriate Table for any other transfer'.|
With it we shall discuss the following amendments to the amendment: (b), in line 2, leave out 'three years' and insert 'one year'.
( c), in line 4, at end add:
'Provided that only the second table shall apply for a transfer made in respect of shares in an unquoted company, a partnership or the assets of a sole trader'.
( d), in line 4, at end add:
'Provided that only the second table shall apply for a transfer made in respect of shares in a close trading company or assets used in a trade, profession or vocation'.
( e) in line, at end insert—
'Provided that in relation to transfers of shares in a close company or of assets of a
'Portion of Value
Rate of Tax