Taxes Consolidation Act, 1997

CHAPTER 2

Offshore funds

Interpretation ( Chapter 2 and Schedules 19 and 20 ).

[FA90 s62]

740.—In this Chapter and in Schedules 19 and 20

“account period” shall be construed in accordance with subsections (8) to (10) of section 744 ;

“disposal” shall be construed in accordance with section 741 (2);

“distributing fund” shall be construed in accordance with subsections (2) and (3) of section 744 ;

“the equalisation account” has the meaning assigned to it by section 742 (1);

“Irish equivalent profits” has the meaning assigned to it by paragraph 5 of Schedule 19 ;

“material interest” shall be construed in accordance with section 743 (2);

“non-qualifying fund” has the meaning assigned to it by section 744 (1);

“offshore fund” has the meaning assigned to it by section 743 (1);

“offshore income gain” shall be construed in accordance with paragraphs 5 and 6(1) of Schedule 20 .