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1 2003

Capital Acquisitions Tax Consolidation Act 2003

PART 12

Repeals, etc.

Repeals.

118. —(1) Subject to subsection (2), the Capital Acquisitions Tax Act 1976 is hereby repealed.

(2) This Act shall not apply in relation to gifts and inheritances taken before the date of the passing of this Act, and the repealed enactments shall continue to apply in relation to such gifts and inheritances to the same extent that they would have applied if this Act had not been enacted.

(3) Notwithstanding subsection (1), any provision of the repealed enactments which imposes a fine, forfeiture, penalty or punishment for any act or omission shall, in relation to any act or omission which took place or began before the date of the passing of this Act, continue to apply in substitution for the provision of this Act to which it corresponds.

(4) Anything done under or in connection with the provisions of the repealed enactments which correspond to the provisions of this Act shall be deemed to have been done under or in connection with the provisions of this Act to which those provisions of the repealed enactments correspond; but nothing in this subsection shall affect the operation of section 120 (3) and (4).

Consequential amendments to other enactments.

119. Schedule 3, which provides for amendments to other enactments consequential on the passing of this Act, shall apply for the purposes of this Act.

Transitional provisions.

120. —(1) The Commissioners shall have all the jurisdictions, powers and duties in relation to capital acquisitions tax under this Act which they had before the passing of this Act.

(2) The continuity of the operation of the law relating to capital acquisitions tax shall not be affected by the substitution of this Act for the repealed enactments.

(3) Any reference, whether express or implied, in any enactment or document (including this Act and any Act amended by this Act)—

(a) to any provision of this Act, or

(b) to things done or to be done under or for the purposes of any provisions of this Act,

shall, if and in so far as the nature of the reference permits, be construed as including, in relation to the times, years or periods, circumstances or purposes in relation to which the corresponding provision in the repealed enactments applied or had applied, a reference to, or, as the case may be, to things done or to be done under or for the purposes of, that corresponding provision.

(4) Any reference, whether express or implied, in any enactment (including the repealed enactments and enactments passed after the passing of this Act)—

(a) to any provision of the repealed enactments, or

(b) to things done or to be done under or for the purposes of any provisions of the repealed enactments,

shall, if and in so far as the nature of the reference permits, be construed as including, in relation to the times, years or periods, circumstances or purposes in relation to which the corresponding provision of this Act applies, a reference to, or as the case may be, to things done or to be done under, or for the purposes of, that corresponding provision.