asked the Minister for Finance if his attention has been drawn to the fact that the Revenue Commissioners whilst admitting that they have power to grant relief on the grounds of quick succession under section 44 of the Capital Acquisitions Tax Act, 1976, have refused to do so in a case (details supplied) where the first death occured in July and the second in February; if he will intervene in this case and request the Revenue Commissioners to exercise their discretion in favour of granting this relief.
Written Answers. - Capital Acquisition Tax.
47.
I have been advised by the Revenue Commissioners that no provision for quick succession relief exists in the capital acquisitions tax legislation and that, in their opinion, there is no complication of circumstances affecting the inheritances involved in this case which would justify them, under section 44 (4) of the Capital Acquisitions Tax Act. 1976, in compounding the inheritance tax payable.