8.— This Act shall not apply to a trust the only property of which consists of—

(a) shares in a qualifying company established for the purposes of section 110 of the Taxes Consolidation Act 1997,

(b) shares in a company whose business consists solely of the leasing of plant and machinery,

(c) dividends paid in respect of such shares, being dividends that are not retained as part of the property of the trust for more than 12 months, or

(d) any other distribution of cash or assets made in respect of such shares, being cash or assets that are not retained as part of the property of the trust for more than 12 months.