I move:—
(1) That in such cases as may be specified in the Act giving effect to this Resolution in which a gift has been made within three years of a death, value for estate duty purposes shall be taken as at the date of the gift, and depreciation of value by reason of the death shall not be taken into account.
(2) That in such cases as may be so specified in which an interest limited to cease on a death has been disposed of or has determined within three years of a death, value for estate duty purposes shall be taken as at the date of the disposition or determination, and depreciation of value by reason of the death shall not be taken into account.
(3) That in such cases as may be so specified in which a gift and any subsequent transaction or transactions have been effected within three years of a death, there shall be a charge to estate duty by reference to such sum of money as may be so specified, and, as respects any such sum, it shall be deemed, for purposes of aggregation, to be property in which the deceased had an interest and section 3 of the Finance Act, 1894, and subsection (10) of section 7 of that Act shall have no application to it.
(4) That the provisions contained in the foregoing paragraphs shall have effect only in relation to persons dying after the passing of the Act giving effect to this Resolution and where the relevant gift, disposal or determination is made or suffered after such passing.
