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Version date: 30 November 1997 - onwards
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1014. Tax treatment of profits, losses and capital gains arising from activities of a European Economic Interest Grouping (EEIG).

(1) In this section, "grouping" means a European Economic Interest Grouping formed on the terms, in the manner and with the effects laid down in -

(a) Council Regulation (EEC) No 2137/85 of 25 July 1985 [O.J. L 119, 31.07.1985 p.1.] on the European Economic Interest Grouping (EEIG), and

(b) the European Communities (European Economic Interest Groupings) Regulations, 1989 (S.I. No. 191 of 1989),

and references to members of a grouping shall be construed accordingly.

(2) Notwithstanding anything in the Tax Acts or in the Capital Gains Tax Acts, a grouping shall be neither -

(a) charged to income tax, corporation tax or capital gains tax, as the case may be, in respect of profits or gains or chargeable gains arising to it, nor

(b) entitled to relief for a loss sustained by it,

and any assessment required to be made on such profits or gains or chargeable gains, and any relief for a loss, shall as appropriate be made on and allowed to the members of a grouping in accordance with this sectio

Comparing proposed amendment...