(1) In this section -
‘company’ means Shannon Commercial Enterprises Limited;
‘qualifying period’, in relation to an asset, means the period beginning on the date of the acquisition of the asset, or if the asset was held on 6 April 1974, that date, and ending on 31 December 2013;
‘period of ownership’, in relation to an asset, means the period beginning on the date of the acquisition of the asset, or if the asset was held on 6 April 1974, that date, and ending on the date of disposal of the asset;
‘relevant profits or gains’ means so much of the profits or gains of the company as are attributable to any rent in respect of any premises or any receipts in respect of any easement.
(2) Exemption shall be granted from tax chargeable under Case V of Schedule D in respect of relevant profits or gains in the period beginning 1 January 2014 and ending 31 December 2015.
(3) Where the company is chargeable to tax under Case V of Schedule D in respect of relevant profits or gains,
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