Capital Gains Tax Act, 1975

Other bodies.

23.—(1) A gain shall not be a chargeable gain if it accrues to—

(a) a registered trade union to the extent that its income is exempt from income tax under section 336 of the Income Tax Act, 1967 ,

(b) an unregistered friendly society whose income is exempt from income tax under section 335 (1) of the said Act, or

(c) a registered friendly society whose income is exempt from income tax under section 335 (1) of the said Act,

(d) a local authority,

(e) the Central Bank of Ireland,

(f) a health board,

(g) a vocational education committee established under the Vocational Education Act, 1930 , and

(h) a committee of agriculture established under the Agriculture Act, 1931 .

(2) In this section “local authority” has the meaning assigned to it by section 2 (2) of the Local Government Act, 1941 , and includes a body established under the Local Government Services (Corporate Bodies) Act, 1971 .