Section 79 Exemption of certain inheritances taken by parents
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Notwithstanding any other provision of this Act, an inheritance taken by a person from a disponer is, where-
(a) that person is a parent of that disponer, and
(b) the date of the inheritance is the date of death of that disponer,
exempt from tax and is not taken into account in computing tax if that disponer took a non-exempt gift or inheritance from either or both of that disponer's parents within the period of 5 years immediately prior to the date of death of that disponer.
