1. Irish Tax Law
  2. Legislation (IE)
  3. Acts
  4. 2011
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  1. Finance Act 2011 (No. 6)
  2. Part 1 Income Levy, Universal Social Charge, Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-41)
  3. Chapter 4 Income Tax, Corporation Tax and Capital Gains Tax (ss. 20-33)
  4. 26. Abolition of exemption for certain income derived from patent royalties and related distributions.
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 6 February 2011 - onwards
    Version 1 of 1    

26. Abolition of exemption for certain income derived from patent royalties and related distributions.

The Principal Act is amended -

(a) in section 141 by inserting the following after subsection (10):

"(11) This section shall not apply to distributions made out of disregarded income on or after 24 November 2010.",

and

(b) in section 234 by inserting the following after subsection (8):

"(9) This section shall not apply to income from a qualifying patent which is paid to a person on or after 24 November 2010.".

Comparing proposed amendment...
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