1. Irish Tax Law
  2. Legislation (IE)
  3. Acts
  4. 1996
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  1. Finance Act, 1996 (No. 9)
  2. Part  I Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-70)
  3. Chapter V Capital Gains Tax (ss. 59-64)
  4. 63. Amendment of section 66 (reduced rate of capital gains tax on certain disposals of shares by individuals) of Finance Act, 1994.
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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 6 April 1997 - onwards
  Version 2 of 2    

63. Amendment of section 66 (reduced rate of capital gains tax on certain disposals of shares by individuals) of Finance Act, 1994.

Repealed from 6 April 1997

(1) Section 66 (as amended by section 75 of the Finance Act, 1995) of the Finance Act, 1994, is hereby amended -

(a) by the substitution in subsection (6) of "3 years" for "5 years", and

(b) by the substitution in paragraph (a) and paragraph (b) of subsection (8) of "3 years" for "5 years".

(2)

(a) Subsection (1) shall apply and have effect as respects a disposal effected by an individual of qualifying shares in a qualifying company on or after the 6th day of April, 1996.

(b) In this subsection "qualifying company" and "qualifying shares" have, respectively, the same meanings as they have in section 66 of the Finance Act, 1994.

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