Finance (No. 2) Act, 2000
Exemption for trusts for permanently incapacitated individuals. |
12.—(1) Any interest in residential property which, on the relevant valuation date, is comprised in a trust which is a qualifying trust shall not be relevant residential property of any assessable person on that date. | |
(2) In this section, “qualifying trust” has the meaning assigned to it by section 189A (inserted by the Finance Act, 1999 ) of the Taxes Consolidation Act, 1997 . |