(1) Notwithstanding any provision in the Capital Gains Tax Acts fixing the amount of the consideration deemed to be received on a disposal or given on an acquisition, where -
(a) a member of a group of companies disposes of an asset to another member of the group,
(b) the company making the disposal is resident in the State at the time of the disposal or the asset is a chargeable asset in relation to that company immediately before that time, and
(c) the other company -
(i) is resident in the State at the time of the disposal or the asset is a chargeable asset in relation to that company immediately after that time, and
(ii) is not -
(I) an authorised investment company (within the meaning of Part 24 of the Companies Act 2014) that is an investment undertaking (within the meaning of section 739B),
(II) a Real Estate Investment Trust (within the meaning of section 705A) or a member of a group Real Estate Investment Trust (within the meaning of section 705A), or
(III) an authorised ICAV
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