Clause 4

Subject to this section estate duty shall not be payable to the extent of —

two hundred thousand dollars of the aggregate value of the deceased’s interest in a dwelling-house or dwelling-houses, whether occupied by the deceased or not; and

one hundred thousand dollars of the aggregate value of all other property, including any dwelling-house which does not qualify for relief under paragraph (a),and the amount thereof shall not form part of the principal value of the estate chargeable with estate duty of any person dying on or after the 1st day of April 1979.(2) Where the value of the interest in any dwelling-house or dwelling-houses which qualifies for relief under paragraph (a) of subsection (1) exceeds two hundred thousand dollars, the excess value shall not qualify for relief under paragraph (b) of subsection (1).(3) Any dwelling-house —

used wholly or partly for the purposes of any trade, business, profession or vocation by any person at the time of death of the deceased; or

passing on the death of the deceased by virtue of paragraph (c) of section 7 of this Act,shall not qualify for the relief under paragraph (a) of subsection (1).(4) For the purpose of this section, “dwelling-house” includes any building or tenement, or any part thereof, which is used, constructed or adapted to be used for human habitation.”.