1. Any payment made by the specified person in respect of a Special Savings Incentive Account (within the meaning of section 848C (special savings incentive account) of the Principal Act) for any period before the account is treated as not being a Special Savings Incentive Account in accordance with the provisions of section 848H (termination of special savings incentive account) of the Principal Act.

2. Where the specified person is in possession of the declaration required by section 263 (declarations relating to deposits of non-residents) of the Principal Act to be made by the person who made the investment, any payment made by the specified person to that person in respect of that investment.

3. Where the specified person is not in possession of the declaration required by section 263 (declarations relating to deposits of non-residents) of the Principal Act to be made by the person who made the investment, any payment made by the specified person to the following persons and bodies in respect of that investment:

(a) a bank which is not resident for the purposes of tax in the State,