Finance Act, 1977

Repeals.

54.—(1) (a) Each enactment mentioned in column (2) of Part I of the Second Schedule to this Act is hereby repealed to the extent specified in column (3) of that Schedule and the Order mentioned in the said column (2) is hereby revoked to the extent specified in the said column (3).

(b) The enactment mentioned in column (2) of Part II of the Second Schedule to this Act is hereby repealed to the extent specified in column (3) of that Schedule.

(c) (i) Subject and without prejudice to so much of the Convention (within the meaning of section 39 of this Act) as retains any of the former Agreements (within the said meaning) in force for years of assessment ending on or before the 5th day of April, 1977, paragraph (a) of this subsection shall be deemed to have come into operation on the 6th day of April, 1976.

(ii) Paragraph (b) of this subsection shall be deemed to have come into operation on the 6th day of April, 1977.

(2) The enactment mentioned in column (2) of Part III of the Second Schedule to this Act is hereby repealed to the extent specified in column (3) of that Part.

(3) (a) The enactment mentioned in column (2) of Part IV of the Second Schedule to this Act is hereby repealed to the extent specified in column (3) of that Part in relation to a gift or inheritance in respect of which the date of the gift or the date of the inheritance, as the case may be, is on or after the date of the passing of this Act.

(b) In paragraph (a) “gift”, “inheritance”, “date of the gift” and “date of the inheritance” have the meanings assigned to them by section 2 of the Capital Acquisitions Tax Act, 1976 .