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Taxes Consolidation Act, 1997 (Number 39 of 1997)

575 Gifts in settlement.

[CGTA75 s15(2)]

A gift in settlement, whether revocable or irrevocable, shall be a disposal of the entire property thereby becoming settled property notwithstanding that the donor has some interest as a beneficiary under the settlement and notwithstanding that the donor is a trustee or the sole trustee of the settlement.