Finance Act, 2001

Amendment of section 79 (conveyances and transfers of property between certain bodies corporate) of Principal Act.

204.—(1) Section 79 of the Principal Act is amended—

(a) in subsection (7) by the substitution in paragraph (b) of “subsections (3) and (4)” for “subsection (3)”, and

(b) in subsection (5) by the substitution in paragraph (a) of “subsections (3) and (4)” for “subsection (3)”.

(2) (a) Subsection (1)(a) shall apply and have effect in relation to instruments executed on or after 15 February 2001.

(b) Subsection (1)(b) shall apply and have effect in relation to instruments executed on or after 6 March 2001.