|
|
Amendment of section 6 (taxable gift) of Principal Act.
|
122.—(1) Section 6 of the Principal Act is hereby amended by the substitution of the following subsection for subsection (1):
|
|
| |
“(1) In this Act ‘taxable gift’ means—
|
|
| |
(a) in the case of a gift, other than a gift taken under a discretionary trust, where the disponer is domiciled in the State at the date of the disposition under which the donee takes the gift, the whole of the gift;
|
|
| |
(b) in the case of a gift taken under a discretionary trust where the disponer is domiciled in the State at the date of the disposition under which the donee takes the gift or at the date of the gift or was (in the case of a gift taken after his death) so domiciled at the time of his death, the whole of the gift; and
|
|
| |
(c) in any other case, so much of the property of which the gift consists as is situate in the State at the date of the gift.”.
|
|
| |
(2) This section shall have effect in relation to a gift taken on or after the date of the passing of this Act.
|
