S.L. 123.92 Art. 12Cases where the transfer value is not apportioned.

When a person transfers property which he had acquired by means of separate acquisitions and the transfer value of property is not apportioned in accordance with rules 9, 10 and 11, the following provisions shall apply:

(a) any acquisitions causa mortis shall be deemed to be acquisitions causa mortis that took place after the 24th November 1992: provided that this paragraph shall not apply if all the acquisitions were acquisitions causa mortis that took place on or before that date;

(b) any onerous acquisitions inter vivos shall be deemed to have taken place before 1 January 2004: provided that this paragraph shall not apply if all the acquisitions were onerous acquisitions inter vivos that took place on or after 1 January 2004.