The Principal Act is amended -

(a) in section 128 -

(i) by the insertion after subsection (2) of the following:

"(2A) Notwithstanding any other provision of the Tax Acts, where a person is, by virtue of this section, chargeable to tax under Schedule E for a year of assessment in respect of an amount equal to the gain realised from the exercise, assignment or release of a right, he or she shall be a chargeable person for that year for the purposes of Part 41, unless -

(a) that amount is deducted in determining the amount of his or her tax-free allowances for that year by virtue of regulation 10(1) (b) of the Income Tax (Employments) Regulations, 1960 (S.I. No. 28 of 1960), or

(b) the person has been exempted by an inspector from the requirements of section 951 by reason of a notice given under subsection (6) of that section.",

(ii) by the substitution in subsection (11) of "30 June in the year of assessment following" for "30 days after the end of", and

(iii) by the insertion after subsection (11) of the following:

"(11A) Where in relation to any right -

(a) the person referred to in subsection (11) is resident in a territory other than the State, and