Capital Acquisitions Tax Consolidation Act 2003 section 113

Tax, in relation to certain legislation

Section 113 provides that inheritance tax is treated as a death duty for the purposes of certain provisions of the Succession Act 1965, and that capital acquisitions tax is a charge on registered land even without being registered.

• Inheritance tax is brought within the cover of an administration bond, ensuring the bond must make provision for payment of the tax
• A direction in a will to pay a successor's inheritance tax from another fund is treated as a pecuniary legacy and taxed accordingly
• Land remains liable to pay inheritance tax imposed on it, regardless of the normal order in which a deceased's assets are applied
• Gift tax and inheritance tax are charges on registered land that take effect even if they have not been registered on the title