Finance Act, 1997
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Treatment of certain profits and gains for tax purposes. |
49.—(1) In this section “the authority” means the Dublin Docklands Development Authority. | |
(2) Notwithstanding any provision of the Corporation Tax Acts, profits arising to the authority in any accounting period ending after the 30th day of April, 1997, shall be exempt from corporation tax. | ||
(3) As regards disposals made after the 30th day of April, 1997, section 23 of the Capital Gains Tax Act, 1975 , shall apply to a gain accruing to the authority as it does to a body specified in that section. | ||
(4) Section 42 of the Finance Act, 1988 , is repealed with effect from the 1st day of May, 1997. |