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Version status: Amended
Version date: 22 November 2023 - onwards
Version 3 of 3

48. Amendment of section 597AA of Principal Act (revised entrepreneur relief)

This format of the bill is taken from the text of stage 1 published on 19 October 2023 by Dáil Éireann

Section 597AA of the Principal Act is amended, in subsection (1)(a), by the substitution of the following definition for the definition of "holding company":

"‘holding company’ means a company -

(i) that holds shares in other companies, all of which are its 51 per cent subsidiaries, and

(ii) whose business consists wholly or mainly of the holding of shares in the subsidiaries referred to in subparagraph (i);".