(1) In this Part, a specified individual is an individual who subscribes on his or her own behalf for eligible shares in a qualifying company and complies with this section.
(2) The individual, in each of the 3 years of assessment preceding the year of assessment that precedes the year of assessment in which that individual makes a relevant investment (being that individual's first such investment), may have been in receipt of income other than income chargeable to tax under -
(a) Schedule E, or
(b) Case III of Schedule D in respect of profits or gains from an office or employment held or exercised outside the State,
in excess of the lesser of -
(i) the aggregate of the amounts, if any, of that individual's income chargeable to tax under Schedule E and Case III of Schedule D in respect of the profits or gains referred to in paragraphs (a) and (b), and
(ii) €50,000.
(a) The individual shall throughout the specified period possess at least 15 per cent of the issued ordinary share
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