Finance Act, 1993

Amendment of section 12 (taxable inheritance) of Principal Act.

124.—(1) Section 12 of the Principal Act is hereby amended by the substitution of the following paragraph for paragraph (a) of subsection (1):

“(a) in the case where the disponer is domiciled in the State at the date of the disposition under which the successor takes the inheritance, the whole of the inheritance; and”.

(2) This section shall have effect in relation to an inheritance taken on or after the date of the passing of this Act.