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Taxable gift.
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6.—(1) In this Act, “taxable gift” means—
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(a) in the case of a gift, other than a gift taken under a discretionary trust, where—
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(i) the disponer is domiciled in the State at the date of the disposition under which the donee takes the gift;
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or
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(ii) the proper law of the disposition under which the donee takes the gift is, at the date of the disposition, the law of the State,
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the whole of the gift;
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(b) in the case of a gift taken under a discretionary trust where—
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(i) the disponer is domiciled in the State at the date of the gift or was (in the case of a gift taken after his death) so domiciled at the time of his death; or
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(ii) the proper law of the discretionary trust at the date of the gift is the law of the State,
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the whole of the gift; and
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(c) in any other case, so much of the property of which the gift consists as is situate in the State at the date of the gift.
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(2) For the purposes of subsection (1) (c), a right to the proceeds of sale of property shall be deemed to be situate in the State to the extent that such property is unsold and situate in the State.
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(3) Notwithstanding anything contained in subsection (1), no part of the property of which a gift consists shall be a taxable gift where—
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(a) the gift is taken prior to the 1st day of April, 1975; and
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(b) the disponer in relation to the gift dies prior to that date.
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