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25 2008

Finance (No. 2) Act 2008

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PART 5

Capital Acquisitions Tax

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Interpretation (Part 5).

88 .— In this Part “ Principal Act ” means the Capital Acquisitions Tax Consolidation Act 2003 .

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Amendment of section 89 (provisions relating to agricultural property) of Principal Act.

89 .— (1) Section 89 of the Principal Act is amended, in paragraph (a) of the definition of “ agricultural property ” in subsection (1) and in the definition of “ farmer ” in that subsection, by substituting “in a Member State” for “in the State”.

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(2) This section applies to gifts and inheritances taken on or after 20 November 2008.

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Capital acquisitions: rate of charge.

90 .— (1) The Table in Part 2 of Schedule 2 to the Principal Act is amended by substituting “22” for “20”.

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(2) This section applies to gifts and inheritances taken on or after 20 November 2008.