Finance Act, 1986
PART V Capital Acquisitions Tax | ||
Chapter I Discretionary Trusts | ||
Interpretation ( Part V ). |
102.—In this Part— | |
“the Principal Act” means the Capital Acquisitions Tax Act, 1976 ; | ||
“chargeable date”, in relation to any year, means the 5th day of April in that year; | ||
“chargeable discretionary trust” means a discretionary trust in relation to which— | ||
(a) the disponer is dead, and | ||
(b) none of the principal objects of the trust, if any, is under the age of 25 years; | ||
“object” and “principal objects”, in relation to a discretionary trust, have the meanings respectively assigned to them by section 104 of the Finance Act, 1984 . |