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Correspondence
The Editor,
21st July, 1983.
Law Society Gazette,
Blackhall Place,
Dublin 7.
Dear Editor,
"Help Heart Health"
The Irish Heart Foundation would like to hear from
any reader who intends running in the R.T.E. 2 Dublin
City Marathon.
A Considerable sum was raised to fund the fight
against heart disease by a team of some 200 I.H.F.
runners in 1982.
Further information may be obtained by contacting
the undersigned at 4, Clyde Road, Dublin 4. Tel.
685001.
Yours Sincerely,
Mary E. Mulcahy.
4 Clyde Rd.,
Dublin 4.
The Editor.
11th August 1983
Law Society Gazette
Blackhall Place.
Dublin 7.
Dear Sir,
The article "Gifts and Distributions to U.K. Resid-
ents" in the May 1983 Gazette will, I fear, cause mis-
understanding in regard to the situation where a U.K.
resident beneficiary receives assets from trustees not re-
sident in the U.K. The author concludes that as a result
of Section 90 of the U.K. Finance Act 1981 such a
beneficiary "receives the asset distributed at a
nil
value
for U.K. C.G.T. and on a subsequent disposal of that
asset will be chargeable to U.K. C.G.T. on the total
value realised from the disposal".
That
was
the original view taken by the U.K. Revenue
as to the effect of Section 90. Indeed, I was involved in
the case where they gave that initial ruling • although
they did. even at that stage, admit that arguments could
be made for the opposite view.
The U.K. Revenue has now
altered
their view. In a
Press Release dated 15th March 1983 they say
"Following recent further legal advice, however, the
Inland Revenue now consider that the better view is that
Section 54
does
apply. Consequently, such a beneficiary
will be deemed to have acquired assets to which he
becomes absolutely entitled
at their market value".
It might be worth mentioning that because of the
General Election, legislative proposals in the Finance
Bill 1983 dealing with this area did not become law. but
they are expected to be re-introduced in the Finance Bill
1984.
Yours sincerely,
John F. Condon.
Solicitor,
9 / 10 Ely Place.
Dublin 2.
s d0ii0ri
Research
Needs
Your Help
150 new patients aged between
15 and 50 years require kidney
replacement treatment in Ireland
every year.
The main cause of this illness is
not yet known.
Help us to find the cause.
FOR FURTHER INFORMATION:
IRISH KIDNEY
ASSOCIATION
29 Eaton Square,
Monkstown,
Co. Dublin.
Telephone: Dublin 802551
I am running in the Dublin City Marathon
and interested in helping Kidney Research.
Please send me Sponsor Cards. .
Number of Cards
NAME..
Address.
a T-Shirt is also available free.
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