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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 March 2006 - onwards
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113. Amendment of section 6 (taxable gift) of Principal Act.

(1) Section 6 of the Principal Act is amended in subsection (5) by substituting the following for paragraph (b):

"(b) For the purposes of subsection (2)(d), so much of the market value of any share in a private company incorporated outside the State (which after taking the gift is a company controlled by the donee) as is attributable, directly or indirectly, to property situate in the State at the date of the gift shall be deemed to be a sum situate in the State.".

(2) This section shall apply to gifts taken on or after 2 February 2006.

Comparing proposed amendment...