Finance Act, 1994
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Amendment of section 37 (application of section 84 (matters to be treated as distributions) of Corporation Tax Act, 1976) of Finance Act, 1988. |
49.— Section 37 of the Finance Act, 1988 , is hereby amended— | |
(a) by the insertion in subsection (1) (b), in the definition of “qualified company” and “relevant trading operations”, before “section 39B” of “section 39A (inserted by the Finance Act, 1981 ) and”, and | ||
(b) by the insertion, after that definition, of the following proviso thereto: | ||
“Provided that trading operations shall not be treated as relevant trading operations within the meaning of the said section 39A if they are not trading operations which could be certified by the Minister for Finance as relevant trading operations for the purposes of section 39B if they were carried out in the Area (within the meaning of the said section 39B) rather than in the airport (within the meaning of the said section 39A).”. |