Finance Act, 1995

Amendment of section 39B (relief in relation to income from certain trading operations carried on in Custom House Docks Area) of Finance Act, 1980.

65.—Section 39B is hereby amended in paragraph (c) of subsection (6) by the substitution for subparagraph (iiia) (inserted by the Finance Act, 1988 ) of the following subparagraph:

“(iiia) dealing by a company in commodity futures or commodity options on behalf of persons not ordinarily resident in the State—

(I) other than on behalf of persons who—

(A) carry on a trade in which commodities of a type which are the subject of the futures or options, as the case may be, are used in the course of the carrying on of the trade, or

(B) would be regarded for the purposes of the Corporation Tax Acts as connected with a person who carries on such a trade,


(II) where dealing in futures and options, some or all of which are commodity futures or commodity options, as the case may be, is the principal relevant trading operation carried on by the company;”.