§ Mr. Tomlinson
asked the Chancellor of the Exchequer whether the provisions of Section 46 of the Finance Act 1975 apply to a testamentary provision on death.
§ Dr. Gilbert
No. The exemption afforded by Section 46 applies only to dispositions in the donor's lifetime. In this respect my comment in the discussions on the Finance Bill at Report stage—[Official Report, 5th March 1975; c. 1597]—was misleading and I regret this.