Finance Act, 2000
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Amendment of section 36 (delivery of returns) of Principal Act. |
141.—(1) Section 36 of the Principal Act is amended— | |
(a) by the substitution of the following subsection for subsection (4): | ||
“(4) Subsection (2) applies to a charge for tax arising by reason of the provisions of section 106 of the Finance Act, 1984 , and to any other gift where— | ||
(a) the aggregate of the taxable values of all taxable gifts taken by the donee on or after 2 December 1988, which have the same group threshold (as defined in the Second Schedule) as that other gift, exceeds an amount which is 80 per cent of the threshold amount (as defined in the Second Schedule) which applies in the computation of tax on that aggregate; or | ||
(b) the donee or, in a case to which section 23(1) applies, the transferee (within the meaning of, and to the extent provided for by, that section) is required by notice in writing by the Commissioners to deliver a return, | ||
and for the purposes of this subsection, a reference to a gift includes a reference to a part of a gift or to a part of a taxable gift, as the case may be.”, | ||
(b) by the substitution of the following paragraph for paragraph (a) of subsection (14): | ||
“(a) the taxable value of the taxable gift exceeds an amount which is 80 per cent of the group threshold (as defined in the Second Schedule) which applies in relation to that gift for the purposes of the computation of the tax on that gift.”. | ||
(2) This section shall have effect in relation to gifts or inheritances taken on or after 1 December 1999. |