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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.