(1) Where a person dies, an assessment or an amended assessment, as the case may be, may be made for any year of assessment for which an assessment or an amended assessment could have been made on the person immediately before his or her death, or could be made on the person if he or she were living, in respect of the profits or gains which arose or accrued to such person before his or her death, and the amount of the income tax on such profits or gains shall be a debt due from and payable out of the estate of such person, and the executor or administrator of such person shall be assessable and chargeable in respect of such tax.

(2) Subject to subsection (2A), no assessment under this section shall be made later than 3 years after the expiration of the year of assessment in which the deceased person died in a case in which the grant of probate or letters of administration was made in that year, and no such assessment shall be made later than 2 years after the expiration of the year of assessment in which such grant was made in any other case.

(2A)

(a) In this subsection -

'applicant' has the same meaning as it has in the Regulations of 2020;

'Regulations of 2020' means the Capital Acquisitions Tax (Electronic Probate) Regulations 2020 (S.I. No. 341 of 2020).