Finance Act, 2001
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Amendment of section 133 (exemption of certain policies of assurance) of Finance Act, 1993. |
226.—(1) Section 133 of the Finance Act, 1993 , is amended by the substitution in subsection (2)(b) of the following for subparagraph (ii): | |
“(ii) at the date of the disposition, the disponer is neither domiciled nor ordinarily resident in the State;”. | ||
(2) This section shall have effect in relation to a policy comprised in a gift or an inheritance where the date of the gift or the date of the inheritance is on or after 15 February 2001 and the policy— | ||
(a) comes into the beneficial ownership of the disponer on or after 15 February 2001, or | ||
(b) becomes subject to the disposition on or after that date without having been previously in the beneficial ownership of the disponer. |