(1) This section -
(a) applies on the happening of an event specified in paragraph (f) or (g) of the definition of "IREF taxable event", and
(b) shall not apply where the amount or value of any consideration payable in relation to the happening of such an IREF taxable event does not exceed the sum of €500,000; but where the taxable event involves a disposal, sale or transfer by the unit holder in parts -
(i) to the same person, or
(ii) to persons who are acting in concert or who are connected persons,
whether on the same or different occasions, the several disposals, sales or transfers shall, for the purposes of this paragraph, be treated as a single disposal, sale or transfer.
(2) Subject to sections 739QA and 739QB, on payment of any consideration in relation to the happening of an IREF taxable event to which this section applies -
(a) the person by or through whom any such payment is made shall deduct from that payment a sum representing an amount of income tax equal to 20 per cen
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