Finance Act 2012
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Chapter 4 Income Tax, Corporation Tax and Capital Gains Tax | ||
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Amendment of section 176 (purchase of unquoted shares by issuing company or its subsidiary) of Principal Act. |
19.— (1) Section 176 of the Principal Act is amended in subsection (1)(b)(i) by substituting the following for clause (I): | |
“(I) on or before 31 October in the year in which inheritance tax is due to be paid in accordance with section 46 (2A) of the Capital Acquisitions Tax Consolidation Act 2003 in respect of a taxable inheritance (within the meaning of section 11 of that Act) of the company’s shares taken by that person, a liability to inheritance tax in respect of that inheritance, or”. | ||
(2) This section applies as on and from 8 February 2012. |