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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 2 April 2007 - onwards
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44. Exemption from corporation tax of certain securities issued by Minister for Finance.

(1) In this section -

"control'' shall be construed in accordance with subsections (2) to (6) of section 432, with the substitution in subsection (6) of that section for "5 or fewer participators" of "persons resident in a relevant territory";

"foreign company'' means a company which is - (a) not resident in the State, and (b) under the control of a person or persons resident in a relevant territory;

"qualifying company'' means a company - (a) (i) which is resident in the State and not resident elsewhere (ii) whose business consists wholly or mainly of - (I) the carrying on of a relevant trade or relevant trades, or (II) the holding of stocks, shares or securities of a company which exists wholly or mainly for the purpose of the carrying on of a relevant trade or relevant trades, and (iii) of which not less than 90 per cent of its issued share capital is held by a foreign company or foreign companies, or by a person or persons directly or ind

Comparing proposed amendment...