Finance (No. 2) Act, 2000

Exemption for trusts for permanently incapacitated individuals.

12.—(1) Any interest in residential property which, on the relevant valuation date, is comprised in a trust which is a qualifying trust shall not be relevant residential property of any assessable person on that date.

(2) In this section, “qualifying trust” has the meaning assigned to it by section 189A (inserted by the Finance Act, 1999 ) of the Taxes Consolidation Act, 1997 .