Finance Act, 1965

Cesser of proviso to section 4 of Finance Act, 1894, except with respect to certain property.

25.—(1) The proviso to section 4 of the Finance Act, 1894 , shall cease to have effect as regards property which passes or is deemed to pass on a death occurring after the passing of this Act.

(2) Subsection (1) of this section shall not apply to property as to which it is proved to the satisfaction of the Revenue Commissioners that it did not pass and is not deemed, by this or any other Act, to pass under or as a consequence, direct or indirect, of a disposition made by the deceased.

(3) For the purposes of this section “disposition” includes a payment of money.