Finance Act, 1996
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Amendment of section 31 (interest payments by companies and to non-residents) of Finance Act, 1974. |
33.—(1) Section 31 of the Finance Act, 1974 , is hereby amended by the substitution for paragraph (cc) (inserted by the Finance Act, 1988 ) of subsection (3) of the following: | |
“(cc) interest paid to a person whose usual place of abode is outside the State by— | ||
(i) a company in the course of carrying on relevant trading operations within the meaning of section 39A (inserted by the Finance Act, 1981 ) or section 39B (inserted by the Finance Act, 1987 ) of the Finance Act, 1980 , or | ||
(ii) a specified collective investment undertaking within the meaning of section 18 (as amended by section 35 of the Finance Act, 1996) of the Finance Act, 1989 , | ||
or”. | ||
(2) This section shall apply and have effect as on and from the 28th day of March, 1996. |