Amendment of Taxes Consolidation Act, 1997
Subject to the provisions of paragraph 61, the Taxes Consolidation Act, 1997, is amended in accordance with the following provisions of this Schedule.
Taxation of strips of securities
1. In section 55(1), in paragraph (a) of the definition of "relevant day", for "the 5th day of April" there shall be substituted "31 December".
Basis of assessment under Cases I and II of Schedule D
2. In section 65, after subsection (3) there shall be inserted the following:
"(3A) As respects the year of assessment 2001, subsection (2) shall apply as if in both paragraph (a) and paragraph (b) of that subsection '74 per cent of the profits or gains of the year ending on that date' were substituted for 'the profits or gains of the year ending on that date',
(3B) For the purposes of subsection (2)(a), an account made up for a period of one year to a date falling in the period from 1 January 2002 to 5 April 2002 shall, in addition to being an account mad
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