(1) In this section -
"exempted trading operations" means trading operations which were exempted trading operations for the purposes for Part V of the Corporation Tax Act, 1976;
"other profits" includes a dividend or other distribution of a body corporate resident in the State, but does not include a distribution to which subsection (3)(a) applies.
(2) Where a distribution for an accounting period is made by a body corporate in part out of income from exempted trading operations and in part out of other profits, the distribution shall be treated as if it consists of 2 distributions respectively made out of income from exempted trading operations and out of other profits.
(a) So much of any distribution as has been made out of income from exempted trading operations shall, where the recipient of that distribution is a body corporate, be deemed for the purposes of this section to be income from exempted trading operations.
(b) [deleted]
(4) [deleted]
(5) In relation to any distributi
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