(a) In this section and in section 739 -
"chargeable period" means an accounting period of an undertaking for collective investment which is a company or, as respects such an undertaking which is not a company, a year of assessment;
"designated assets" means -
(i) land, or
(ii) shares in a company resident in the State which are not shares -
(I) listed in the official list, or
(II) dealt in on the smaller companies market or the unlisted securities market,
of the Irish Stock Exchange;
"designated undertaking for collective investment" means an undertaking for collective investment which, on the 25th day of May, 1993, owned designated assets for which that undertaking gave consideration (determined in accordance with section 547) the aggregate of which is not less than 80 per cent of the aggregate of the consideration (as so determined) which that undertaking gave for the total assets it owned at that date;
"distribution" has the same meaning as in the Corporation Tax Acts;
"guar
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