Finance Act, 1984

PART V

Capital Acquisitions Tax

Chapter I

Discretionary Trusts

Interpretation (Part V).

104.—In this Part—

“the Principal Act” means the Capital Acquisitions Tax Act, 1976 ;

“object”, in relation to a discretionary trust, means a person for whose benefit the income or capital, or any part of the income or capital, of the trust property is applied, or may be applied;

“principal objects”, in relation to a discretionary trust, means such objects, if any, of the trust for the time being as are—

(a) the spouse of the disponer,

(b) the children of the disponer, or

(c) the children of a child of the disponer where such child predeceased the disponer.