Finance Act, 1996
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Amendment of section 127 (relevant business property) of Finance Act, 1994. |
126.—(1) Section 127 of the Finance Act, 1994 , is hereby amended by the substitution of the following paragraph for paragraph (c) of subsection (1): | |
“(c) unquoted shares in or securities of a company incorporated in the State which is, on the valuation date (after the taking of the gift or inheritance), a company controlled by the donee or successor within the meaning of section 16 of the Principal Act;”. | ||
(2) This section shall have effect in relation to gifts or inheritances taken on or after the 28th day of March, 1996. |