(1) Chapter I (which relates to the taxation of assets passing on inheritance) of Part VI of the Finance Act, 1993, is repealed.
(2) Sections 137, 138, 139 and 140 of the Finance Act, 1994, section 143 of the Finance Act, 1997, section 127 of the Finance Act, 1998, and sections 147 and 150 of the Finance Act, 2000, are repealed.
(3) Subsections (1) and (2) shall have effect in relation to probate tax which would but for this section first become due and payable on or after 6 December 2000.