Finance Act, 2001

Amendment of section 127 (relevant business property) of Finance Act, 1994.

228.—(1) Section 127 of the Finance Act, 1994 , is amended—

(a) by the substitution of “whether incorporated in the State or otherwise” for “incorporated in the State” in each place where it occurs,

(b) by the deletion of “in so far as situated in the State,” in paragraph (e) of subsection (1), and

(c) by the deletion of subsection (3).

(2) This section shall have effect in relation to gifts or inheritances taken on or after 15 February 2001.