Estate duty exemption for specified national defence gold bonds limited to principal value, subject to single death restriction. The Act inserts a new exemption for National Defence Gold Bonds, 1980, excluding them from estate duty to the extent of their principal value subject to ... Summary
Estate duty exemption for specified national defence gold bonds limited to principal value, subject to single death restriction.
The Act inserts a new exemption for National Defence Gold Bonds, 1980, excluding them from estate duty to the extent of their principal value subject to an aggregate weight limitation, and provides that this exemption is not available on any subsequent death in respect of the same bonds; related statutory lists of exempt items are amended to include the new clause.
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