Finance Act, 1990

Exemption for spouses (gifts).

127.—(1) Notwithstanding the provisions of the Principal Act, a gift taken by a donee, who is at the date of the gift the spouse of the disponer, shall be exempt from tax and shall not be taken into account in computing tax.

(2) This section shall have effect in relation to a gift taken on or after the 31st day of January, 1990.