Finance Act, 1997
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Amendment of section 46A (deemed disposal and reacquisition of certain assets) of Corporation Tax Act, 1976 . |
69.—(1) Section 46A (as amended by section 11 of the Finance Act, 1993 ) of the Corporation Tax Act, 1976 , is hereby amended in subsection (3) by the substitution for paragraph (a) of the following paragraph: | |
“(a)(i) assets to which section 19 of the Capital Gains Tax Act, 1975 , applies by virtue of any provision of the Capital Gains Tax Acts, other than where such assets are held in connection with a contract or other arrangement which secures the future exchange of the assets for other assets, being assets to which the said section 19 does not apply, or | ||
(ii) assets which are strips within the meaning of section 33 of the Finance Act, 1997,”. | ||
(2) This section shall apply and have effect as on and from the 26th day of March, 1997. |