Finance Act, 1997
|
Amendment of section 4 (charge of tax on sums applied outside the State in repaying certain loans) of Finance Act, 1971 . |
15.— Section 4 of the Finance Act, 1971 , is hereby amended by the addition after subsection (5) of the following subsection: | |
“(6) In relation to income applied in or towards satisfaction of a debt for money lent on or after the 20th day of February, 1997, or a debt incurred for satisfying in whole or in part any such debt, this section shall apply and have effect as if the references to ordinarily resident in the State in subsection (1) and subsection (2) were references to resident or ordinarily resident in the State.”. |