Section 4Part 0 —
Transfers between trustees, etc.
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Section 3 does not apply to —
a transfer effected as a result of a distribution of property by personal representatives acting in that capacity;
a transfer effected as a result of the distribution of the estate of a bankrupt;
a transfer between trustees or nominees which effects no change in beneficial ownership; or
a transfer for natural love and affection —
between parents and children or between spouses or civil partners; or
between children born of the same parent, or between grandparents and grandchildren, where the transfer has been certified by the Minister charged with responsibility for Finance to be a transfer in respect of which that Minister is satisfied that the provisions of this section may properly apply.
Section 3 does not apply to a transfer effected as a result of the order of a court, unless the court otherwise directs.
To the extent specified in the approval, section 3 does not apply to a landholding company approved by the Minister charged with responsibility for Finance under section 5.