Finance Act, 1996
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Amendment of section 118 (application of section 60 (relief in respect of certain policies of insurance) of Finance Act, 1985) of Finance Act, 1991. |
124.—(1) Section 118 of the Finance Act, 1991 , is hereby amended by the deletion of “under a disposition made by the spouse of the insured where the inheritance is taken”. | |
(2) This section shall apply to inheritances taken on or after the 28th day of March, 1996. |