Finance Act 2013
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Amendment of section 75 (exemption of certain investment entities) of Principal Act. |
89.— (1) Section 75 of the Principal Act is amended— | |
(a) in subsection (1) by inserting the following definitions: | ||
“ ‘investment limited partnership’ has the meaning assigned to it by section 739J of the Taxes Consolidation Act 1997 ; | ||
‘unit’, in relation to an investment limited partnership, has the meaning assigned to it by section 739J of the Taxes Consolidation Act 1997 ;”, | ||
and | ||
(b) in subsection (2) by substituting “a common contractual fund, an investment limited partnership or an investment undertaking” for “a common contractual fund or an investment undertaking”. | ||
(2) This section applies to gifts and inheritances (both within the meaning of the Principal Act) taken on or after the passing of this Act. |