Finance Act, 1984
PART V Capital Acquisitions Tax | ||
Chapter I Discretionary Trusts | ||
Interpretation (Part V). |
104.—In this Part— | |
“the Principal Act” means the Capital Acquisitions Tax Act, 1976 ; | ||
“object”, in relation to a discretionary trust, means a person for whose benefit the income or capital, or any part of the income or capital, of the trust property is applied, or may be applied; | ||
“principal objects”, in relation to a discretionary trust, means such objects, if any, of the trust for the time being as are— | ||
(a) the spouse of the disponer, | ||
(b) the children of the disponer, or | ||
(c) the children of a child of the disponer where such child predeceased the disponer. |