Inheritance Tax Act 1984 Schedule 8 paragraph 8

Amendment to the Finance Act 1977

Schedule 8 paragraph 8 updates cross-references in section 38 of the Finance Act 1977 to reflect the consolidation of capital transfer tax legislation into the Capital Transfer Tax Act 1984 (later renamed the Inheritance Tax Act 1984).

• This paragraph amends section 38 of the Finance Act 1977 to update statutory cross-references.
• References to section 93 of the Finance Act 1982 are replaced with references to paragraph 1 of Schedule 4 to the Capital Transfer Tax Act 1984.
• The amendment applies to both subsection (1) and subsection (5)(a) of section 38 of the Finance Act 1977.
• These are purely consequential amendments arising from the consolidation of earlier tax legislation into the 1984 Act, with no change in substance or effect.