Finance Act 2013

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Amendment of section 29 (chargeable persons) of Principal Act.

45.— Section 29 of the Principal Act is amended by inserting the following after subsection (5):

“(5A) (a) This subsection shall apply where an individual referred to in subsection (4) transfers, outside the State, any chargeable gains referred to in that subsection to his or her spouse or civil partner.

(b) Where this subsection applies, any amounts received in the State on or after 13 February 2013 which derive from the transfer of chargeable gains referred to in paragraph (a) shall be treated, for the purpose of subsection (4), as if they had been received in the State by the individual referred to in that subsection.”.