Section 86 CATCA 2003 (Exemption relating to certain dwellings) has been redrafted and there are a number of provisions amended and introduced.

The key changes are as follows:

• The relief is available for inheritances but it is only available by way of gift where it is taken by a dependent relative who is permanently incapacitated or over 65 years of age.
• The house must be occupied by the disponer and the beneficiary on the date of the inheritance except where the gift is to a dependent relative.
• The age at which a beneficiary can take a property without being subject to a clawback is increased from 55 years to 65 years.
• Where, prior to taking a benefit, a donor or beneficiary has moved out of the house because of mental or physical infirmity, it is proposed that the beneficiary will be deemed to continue to occupy the property during that period.

There were also amendments to the Section 110 and Irish Real Estate Funds regimes.