1. Irish Financial Services Law
  2. Legislation (IE)
  3. Acts
  4. 1997
Date-stamp loading
  1. Taxes Consolidation Act, 1997 (No. 39)
  2. Income Tax and Corporation Tax: The Main Provisions (ss. 32-531)
  3. Part 12 Principal Provisions Relating to Loss Relief, Treatment of Certain Losses and Capital Allowances, and Group Relief (ss. 381-429)
  4. Chapter 3 Corporation tax: loss relief (ss. 396-401)
  5. 396C. Relief from Corporation Tax for losses of participating institutions.
Previous Next
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2014 - onwards
  Version 4 of 4    

396C. Relief from Corporation Tax for losses of participating institutions.

(1)

(a) In this section-

'available losses', in relation to an accounting period of a participating institution, means losses, carried forward from preceding accounting periods, for which relief is available under section 396(1) in that accounting period or succeeding accounting periods;

'group company', for an accounting period in relation to a participating institution (in this definition referred to as the 'first-mentioned institution'), means a company which is a participating institution that has an accounting period that coincides with the accounting period of the first-mentioned institution where, throughout the accounting period of the first-mentioned institution-

(a) the company is a subsidiary of the first-mentioned institution,

(b) the first-mentioned institution is a subsidiary of the company, or

(c) both the company and the first-mentioned institution are subsidiaries of a third company;

'participating institution' and 'subsidiary' have the same meanings respectively as in

…
Comparing proposed amendment...
Previous Next