Finance (No. 2) Act, 2000

Exemption for inheritances.

9.—(1) Any interest in residential property to which a person has become beneficially entitled in possession on a death shall not be relevant residential property of that person on any relevant valuation date.

(2) Any interest in residential property which has become comprised in a discretionary trust on a death shall not be relevant residential property of that discretionary trust on any relevant valuation date.