Lords amendment: No. 14, in page 31, leave out lines 37 to 40 and insert—
"The Capital Transfer Tax Act 1984 ( c. 51)
4. In Schedule 3 (which relates to exempt transfers), for the words "The Royal Scottish Museum" there shall be substituted the words "The National Museums of Scotland.""
I beg to move, That this House doth agree with the Lords in the said amendment. This is a technical amendment.
Does this technical amendment imply that there was an error in the drafting of the Bill?
No, Sir, and I will give the technical explanation for the amendment. It replaces the entry at present contained in schedule 2(4). It reflects the fact that the relevant provisions in the Finance Act 1975 were consolidated by the Capital Transfer Tax Act 1984, which came into operation on 1 January 1985. Hence the need for the amendment.
Question put and agreed to.
Lords amendment No. 15 agreed to.