Turf Development Act, 1998

Application of certain provisions of Tax Acts.

60.—(1) The Board and the Company shall be deemed, for the purposes of section 312 of the Taxes Consolidation Act, 1997 , to be under the control of the same person.

(2) The trade carried on by the Board before the vesting day and the trade carried on by the Company or a subsidiary on or after that day shall be deemed for the purposes of section 400 of the Taxes Consolidation Act, 1997 , to have belonged and to belong to the Minister for Finance and the Minister for Finance shall be deemed for those purposes to be a body corporate.

(3) The Board, the Company and the subsidiaries shall be deemed, for the purposes of Chapter 5 of Part 12, section 456 and Chapter 1 of Part 20 of the Taxes Consolidation Act, 1997 , to be members of the same group.