'(1) The Inheritance Tax Act 1984 is amended as follows.
(2) After section 18 insert—
''Transfers of real property between joint occupier
18A (1) A transfer on death shall be an exempt transfer to the extent that it comprises a part or whole share in an interest in real property that has been occupied as the main residence of the transferor and the transferees throughout the two years prior to the date of death.
(2) For the purposes of determining whether a property has been in the occupation referred to in paragraph (1) above, there shall be disregarded any absences during which either party has had to receive residential nursing care whether in hospital or a private facility.''.'.—[Mr. Flight.]
Brought up, and read the First time.