Finance Act, 1993
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Amendment of section 107 (application of Principal Act) of Finance Act, 1984. |
131.—(1) Section 107 of the Finance Act, 1984 , is hereby amended by the substitution of the following paragraph for paragraph (a): | |
“(a) a reference in section 16 of the Principal Act to a company controlled by the successor and the definition in that section of ‘group of shares’ shall be construed as if (for the purpose of that reference) the list of persons contained in subsection (3) of that section and (for the purpose of that definition) the list of persons contained in that definition included the following, that is to say, the trustees of the discretionary trust, the living objects of the discretionary trust, the relatives of those objects, nominees of those trustees or of those objects or of the relatives of those objects, and the trustees of a settlement whose objects include the living objects of the discretionary trust or relatives of those living objects;”. | ||
(2) This section shall have effect in relation to an inheritance taken on or after the 24th day of February, 1993. |