The Capital Acquisitions Tax Consolidation Act 2003 is amended -
(a) in section 46 by substituting the following for subsection (7A):
"(7A) The making of enquiries by the Commissioners for the purposes of subsection (7)(a) or the authorising of inspections by the Commissioners under subsection (7)(b) in connection with or in relation to any relevant return (within the meaning given in section 49(6A)(b)) may not be initiated after the expiry of 4 years commencing on -
(a) the date on which the relevant return is received by the Commissioners, or
(b) where the matter of such conditions being satisfied is relevant to the assessment of the tax concerned, the latest date on which all of the conditions for a relief or exemption were required to be satisfied.",
(b) in section 53A -
(i) in subsection (1)(b) by substituting "year," for "year.", and
(ii) by inserting the following after subsection (1)(b):
"(c) in the case of an inheritance referred to in section 15(1) or 20(1), the la
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