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TMI BlogAmendment of Act 34 of 1953X X X X Extracts X X X X X X X X Extracts X X X X ..... (b) after the proviso, the following proviso shall be inserted, namely :- Provided further that a house or part thereof taken under any gift made to the spouse, son, daughter, brother or sister, shall not be deemed to pass on the donors death by reason only of the residence therein of the donor except where a right of residence therein is reserved or secured directly or indirectly to the donor un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to such person under the relevant disposition or under any collateral disposition. ; (iv) in sub-section (1) of section 12, - (a) in the proviso, for the words two years , the words one year shall be substituted; (b) after the proviso and before the Explanation, the following proviso shall be inserted, namely :- Provided further that a house or part thereof comprised in such settlement made in fav ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sed except where a right of residence therein is reserved or secured directly or indirectly to the deceased under the relevant disposition or under any collateral disposition. ; (vi) after section 29, the following section shall be inserted, namely :- 29A. Exemption of pensions, etc., in certain cases. -Estate duty shall not be payable in respect of - (a) any pension accruing or arising on the dea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he Official Gazette, specify in this behalf. ; (vii) in section 33, in sub-section (1), - (a) in clause (b), for the words two years , the words one year shall be substituted; (b) after clause (n), the following clause shall be inserted, namely :- (o) property taken under any gift made by the deceased to the spouse, son, daughter, brother or sister, beyond a period of five years before his death : ..... X X X X Extracts X X X X X X X X Extracts X X X X
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