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Amendment of section 5 (gift deemed to be taken) of Principal Act.
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121.—(1) Where, on or after the 24th day of February, 1993, a person becomes beneficially entitled in possession to a benefit, and the property in which the benefit is taken consists wholly or partly of shares in a private company, section 5 of the Principal Act shall have effect as if “otherwise than for full consideration in money or money's worth paid by him” were deleted in subsection (1) thereof.
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