Finance Act, 1997
|
Abatement and postponement of probate tax on certain property. |
143.— (1) Subsection (1) of section 115A of the Finance Act, 1993 (which was inserted by the Finance Act, 1994 , and provides for the abatement or postponement of probate tax payable by a surviving spouse)— | |
(a) shall apply to a spouse in whose favour an order has been made— | ||
(i) under section 25 of the Family Law Act, 1995 , or | ||
(ii) under section 18 of the Family Law (Divorce) Act, 1996 , | ||
as it applies to a spouse referred to in the said section 115A, and | ||
(b) shall apply to property or an interest in property the subject of such an order as it applies to the share of a spouse referred to in the said section 115A in the estate of a deceased referred to in that section or the interest of such a spouse in property referred to in that section, | ||
with any necessary modifications. | ||
(2) Section 53 of the Family Law Act, 1995 , and section 36 of the Family Law (Divorce) Act, 1996 , are hereby repealed. |