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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2012 - onwards
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134. Limitation on meaning of "distribution" in relation to certain payments made in respect of "foreign source" finance.

(1)

(a) In this section -

"agricultural society" and "fishery society" have the meanings respectively assigned to them by section 133(1)(a);

"selling by wholesale" means selling goods of any class to a person who carries on a business of selling goods of that class or uses goods of that class for the purposes of a trade or undertaking carried on by the person;

"specified trade" means, subject to paragraphs (b) and (d) and to subsection (6), a trade which consists wholly or mainly of -

(i) the manufacture of goods, including activities which, if the borrower were to make a claim for relief in respect of the trade under Part 14, would be regarded for the purposes of that Part as the manufacture of goods, or

(ii) the rendering of services in the course of a service undertaking in respect of which an employment grant was made by the Industrial Development Authority under section 2 of the Industrial Development (No. 2) Act, 1981.

(b) Where the borrower mentioned in subsection (5) is a 75 pe

Comparing proposed amendment...