Finance Act, 1998
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Amendment of section 734 (taxation of collective investment undertakings) of Principal Act. |
42.— Section 734 of the Principal Act, is hereby amended in paragraph (a) of subsection (1) by the substitution for paragraph (ii) of the definition of “specified company” of the following paragraph: | |
“(ii) (I) not more than 25 per cent of the share capital of which is owned directly or indirectly by persons resident in the State, or | ||
(II) all of the share capital of which is owned directly by another company resident in the State and not more than 25 per cent of the share capital of that other company is owned directly or indirectly by persons resident in the State,”. |