Finance Act, 1979

Amendment of section 27 (disposal within the family of business or farm) of Capital Gains Tax Act, 1975.

36.Section 27 (inserted by the Capital Gains Tax (Amendment) Act, 1978 ) of the Capital Gains Tax Act, 1975 , is hereby amended by the insertion after subsection (1) (c) of the following paragraph :

“(d) For the purposes of paragraph (a), an illegitimate child who has not, on or before the date of the disposal, been legitimated or adopted in the manner described in section 36 (a) (ii) of the Finance Act, 1977 , shall, if the disposal is made to him by his mother on or after the 6th day of April, 1979, be the child of his mother.”.