Finance Act 2005

Amendment of section 10 (amount on which tax is chargeable) of Principal Act.

102.—Section 10 of the Principal Act is amended in subsection (9) by inserting the following subparagraphs after the proviso to subparagraph (b):

“(c) Where the Revenue Commissioners wish to ascertain the open market price of an interest in immovable goods, they may authorise a person to inspect the immovable goods and to report to them the open market price of such interest in those goods for the purposes of this Act, and a person having custody or possession of those goods shall permit the person so authorised to inspect the goods at such reasonable times as the Revenue Commissioners consider necessary.

(d) Where the Revenue Commissioners require a valuation to be made by a person named by them, the costs of such valuation shall be defrayed by the Commissioners.”.