Finance Act, 2000

Amendment of section 23A (company residence) of Principal Act.

77.—(1) Section 23A (inserted by the Finance Act, 1999 ) of the Principal Act is amended in subsection (1)(b)(i)—

(a) by the substitution of the following for clause (II):

“(II) section 9 shall apply as it would apply for the purposes of the Tax Acts if in paragraph (b) of subsection (1) of that section ‘50 per cent’ were substituted for ‘75 per cent’ in both places where it occurs, and”,


(b) in subclause (B) of clause (III) by the deletion of “subparagraph (iii) of”.

(2) This section shall apply as on and from 10 February 2000.