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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 22 November 2021 - onwards
  Version 15 of 15    

980. Deduction from consideration on disposal of certain assets.

(1) In this section -

"designated area" has the same meaning as it has in the Maritime Jurisdiction Act 2021;

"exploration or exploitation rights" has the same meaning as in section 13;

"shares" includes stock and any security.

(2) This section shall apply to assets that are -

(a) land in the State,

(b) minerals in the State or any rights, interests or other assets in relation to mining or minerals or the searching for minerals,

(c) exploration or exploitation rights in a designated area,

(d) shares in a company deriving their value or the greater part of their value directly or indirectly from assets specified in paragraph (a), (b) or (c), other than shares quoted on a stock exchange,

(e) shares, other than shares quoted on a stock exchange, to which section 584 applies, whether by virtue of that section or any other section, so that, as respects a person disposing of those shares, they are treated as the same shares as shares specified in paragraph (d), acquired as the shares so spec

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