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Occurrence of relevant events.
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139.— (1) Subject to subsection (2), any deferred amount shall be payable by the liable person on the occurrence of a relevant event.
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(2) The receipt of a windfall gain by a liable person shall be treated as a relevant event and subsection (1) shall apply accordingly.
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(3) A liable person shall notify the Revenue Commissioners when he or she receives a windfall gain.
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(4) Where the relevant event is the transfer of the relevant residential property by way of a gift or an inheritance, the Revenue Commissioners may allow a deferral to continue where—
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(a) the liable person making the gift, or the liable person’s personal representative, as the case may be, notifies the Revenue Commissioners of the making of the gift or inheritance, and
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(b) the person who receives the gift or inheritance is eligible for, and makes a valid claim for, a deferral.
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