Finance Act, 1994
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Amendment of section 103 (provision relating to voluntary disposition inter vivos, etc.) of Finance Act, 1991. |
103.—(1) Section 103 of the Finance Act, 1991 , is hereby amended in subsection (1)— | |
(a) by the substitution in paragraph (a) of “15 per cent.” for “10 per cent.” and of “25 per cent.” for “50 per cent.”, | ||
(b) by the substitution in paragraph (b) of “equal to 50 per cent. of the total duty” for “equal to the total duty”, and | ||
(c) by the substitution in paragraph (c) of “the total duty” for “double the total duty”. | ||
(2) Subsection (4) of section 103 of the Finance Act, 1991 , is hereby repealed. | ||
(3) This section shall have effect as respects instruments executed after the passing of this Act. |