Section 739D of the Principal Act is amended -
(a) in subsection (1) by substituting "In this Chapter and Schedule 2B" for "In this Chapter",
(b) in subsection (6) by substituting the following for paragraph (f):
(i) is a person who -
(I) is exempt from income tax under Schedule D by virtue of section 207(1)(b), or
(II) is exempt from corporation tax by virtue of section 207(1)(b) as it applies for the purposes of corporation tax under section 76(6),
and
(ii) has made a declaration to the investment undertaking in accordance with paragraph 7 of Schedule 2B,",
(c) in subsection (8D) by substituting the following for paragraphs (a) and (b):
"(a) In this subsection -
'offshore fund' means any of the following -
(i) a company not resident in the State,
(ii) a unit trust scheme, the trustees of which are neither resident nor ordinarily resident in the State, and
(iii) any arrangements not within subparagraphs (i) or (ii) which take effect by virtue of the law of a territory outside the
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