Schedule 4
Finance Bill
12:30 pm
Stephen Hesford (PPS (Vera Baird QC, Solicitor General), Law Officers' Department; Wirral West, Labour)
The hon. Gentleman posed the example of a person who makes a gift in 2005, whose death two years later ensures that it does not qualify for the saving provisions. Is it not the case that all that has happened there is that the saving provisions have not applied and that therefore there is a death and an associated inheritance tax situation to deal with? There are not two situations, there is just one: the individual does not benefit from the rules that they tried to benefit from because they died too soon.