Finance Act 2018

Amendment of section 86 of Principal Act (exemption relating to certain dwellings)

52. Section 86 of the Principal Act is amended by inserting the following after subsection (2):

“(2A) For the purposes of subsection (2), a successor is deemed to be beneficially entitled to, or to have a beneficial interest in, a dwelling house that is subject to a discretionary trust under or in consequence of a disposition made by the successor where that successor is an object of the trust.”.