Inheritance Tax Act 1984 Schedule 8 paragraph 24

The Value Added Tax Act 1983

Paragraph 24 of Schedule 8 updates cross-references in the Value Added Tax Act 1983 so that they point to the corresponding provisions in the Capital Transfer Tax Act 1984 rather than to the earlier legislation they replaced.

• This paragraph amends Group 11 of Schedule 6 to the Value Added Tax Act 1983, which dealt with VAT exemptions related to certain heritage and cultural property.
• Item 2 of that Group is updated so that references to the old "section 32(3)(a)" are replaced with references to the equivalent provisions in Schedule 5 to the Capital Transfer Tax Act 1984, specifically paragraph 1(3)(a) or (4), paragraph 3(4)(a), and the words following paragraph 3(4).
• Item 3 of that Group is updated so that the reference to "section 78(4) of the Finance Act 1976" is replaced with a reference to section 32(4) of the Capital Transfer Tax Act 1984.
• These are purely consequential amendments that ensure the VAT legislation refers to the correct consolidated provisions; they make no change to the underlying tax rules or reliefs.