Finance Act 2018

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Amendment of section 86 of Principal Act (exemption relating to certain dwellings)

52. Section 86 of the Principal Act is amended by inserting the following after subsection (2):

“(2A) For the purposes of subsection (2), a successor is deemed to be beneficially entitled to, or to have a beneficial interest in, a dwelling house that is subject to a discretionary trust under or in consequence of a disposition made by the successor where that successor is an object of the trust.”.