252. Restriction of relief to individuals on loans applied in acquiring interest in companies which become quoted companies.

(1) In this section -

"loan" means a loan applied for any of the purposes specified in the principal section;

"the principal section" means section 248 as extended by section 250;

"quoted company" means a company whose shares or any class of whose shares -

(a) are listed in the official list of the Irish Stock Exchange or any other stock exchange, or

(b) are quoted on an unlisted securities market of any stock exchange;

"the specified date", in relation to a loan, means -

(a)

(i) in a case where the loan was applied on or before the 5th day of April, 1989, the 6th day of April, 1992,

(ii) in a case where the loan was applied on or after the 6th day of April, 1989, but on or before the 5th day of April, 1990, the 6th day of April, 1993, and

(iii) in a case where the loan was applied on or after the 6th day of April, 1990, the 6th day of April, 1994,

or

(b) if later, 1 January in the second year of assessment next after the year of assessment in which the company, part of whose ordinary

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