Finance Act, 1986


Capital Acquisitions Tax

Chapter I

Discretionary Trusts

Interpretation ( Part V ).

102.—In this Part—

“the Principal Act” means the Capital Acquisitions Tax Act, 1976 ;

“chargeable date”, in relation to any year, means the 5th day of April in that year;

“chargeable discretionary trust” means a discretionary trust in relation to which—

(a) the disponer is dead, and

(b) none of the principal objects of the trust, if any, is under the age of 25 years;

“object” and “principal objects”, in relation to a discretionary trust, have the meanings respectively assigned to them by section 104 of the Finance Act, 1984 .