Family Law Act, 1995
Exemption of certain transfers from capital acquisitions tax. |
51.—(1) Notwithstanding the provisions of the Capital Acquisitions Tax Act, 1976 , a gift or inheritance (within the meaning, in each case, of that Act) taken by virtue or in consequence of an order to which this subsection applies by a spouse who was a party to the marriage concerned shall be exempt from any capital acquisitions tax under that Act and shall not be taken into account in computing such a tax. | |
(2) Subsection (1) applies to— | ||
(a) a relief order or an order under section 25 made following the dissolution of a marriage, | ||
(b) a maintenance pending relief order made following the granting of leave under section 23 (3) to a spouse whose marriage has been dissolved, and | ||
(c) an order referred to in section 41 (a), or an order under section 42 (1) made in addition to or instead of an order under section 41 (a), in favour of a spouse whose marriage has been dissolved. |