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Amendment of section 54 (provisions relating to charities, etc.) of Principal Act.
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143.—(1) Section 54 of the Principal Act is amended by the substitution of the following subsection for subsection (1):
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“(1) Where any person takes a benefit for public or charitable purposes that person shall be deemed—
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(a) for the purposes of sections 5(1) and 11(1), to have taken that benefit beneficially, and
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(b) for the purposes of the Second Schedule, to have taken a gift or an inheritance accordingly to which the group threshold of £15,000 applies.”.
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(2) This section shall have effect in relation to gifts or inheritances taken on or after 1 December 1999.
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