(a) In this section -
"Act of 1997" means the Taxes Consolidation Act 1997;
"arrangement" includes any agreement, understanding, scheme, transaction or series of transactions;
"company" has the same meaning as in section 4 of the Act of 1997;
"connected person" has the same meaning as in section 10 of the Act of 1997 and a person who is connected shall be construed accordingly;
"development", in relation to immovable property, means -
(a) the construction, demolition, extension, reconstruction of, or the material alteration or refurbishment of, any building, or
(b) the carrying out of any engineering or other operation to adapt the immovable property for materially altered use, and developed and developing shall be construed accordingly;
"immovable property" means immovable property situated in the State that is not residential property;
"interest", in relation to a partnership, means a partner’s share or interest in a partnership;
"IREF", subject to paragraph (b), has the same m
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