Finance Act, 1997
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PART VII Miscellaneous Pre-Consolidation Provisions | ||
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Chapter I Income Tax, Corporation Tax and Capital Gains Tax | ||
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Securities of certain State-owned companies. |
144.—(1) In this section, “securities” means any bonds, certificates of charge, debentures, debenture stock, notes, stock or other forms of security. | |
(2) The securities specified in the Table to this section shall be deemed to be securities issued under the authority of the Minister for Finance under section 466 of the Income Tax Act, 1967 , and that section shall apply accordingly. | ||
(3) Notwithstanding anything in the Tax Acts, in computing for the purposes of assessment under Schedule D the amount of the profits or gains of a company (being a company referred to in the Table to this section) for any accounting period, there shall be allowed as a deduction the amount of the interest on any securities which, by direction of the Minister for Finance given under section 466 of the Income Tax Act, 1967 , as applied by subsection (2), is paid by the company without deduction of income tax for such period. | ||
TABLE | ||
Securities issued by The Agricultural Credit Corporation, Limited. | ||
Securities issued on or after the 13th day of July, 1954, by the Electricity Supply Board. | ||
Securities issued on or after the 13th day of July, 1954, by Córas Iompair Éireann. | ||
Securities issued on or after the 18th day of July, 1957, by Bord na Móna. | ||
Securities issued on or after the 2nd day of July, 1964, by Aer Lingus, Teoranta. | ||
Securities issued on or after the 2nd day of July, 1964, by Aer Rianta, Teoranta. | ||
Securities issued on or after the 2nd day of July, 1964, by Aerlínte Éireann, Teoranta. | ||
Securities issued on or after the 25th day of May, 1988, by Bord Telecom Éireann. | ||
Securities issued on or after the 25th day of May, 1988, by Irish Telecommunications Investments p.l.c. | ||
Securities issued on or after the 24th day of May, 1989, by Radio Telefís Éireann. | ||
Securities issued on or after the 24th day of May, 1989, by The Industrial Credit Corporation p.l.c. | ||
Securities issued on or after the 28th day of May, 1992, by Bord Gáis Éireann. |