Finance Act, 1998
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Amendment of section 597 (replacement of business and other assets) of Principal Act. |
71.—(1) Section 597 of the Principal Act is hereby amended, in subsection (3), by the substitution for paragraph (c) of the following paragraphs: | |
“(c) goodwill, | ||
(d) any financial assets owned by a body of persons referred to in paragraph (f) of subsection (2); for the purposes of this paragraph ‘financial assets’ means shares of any company and stocks, bonds and obligations of any government, municipal corporation, company or other body corporate.”. | ||
(2) This section shall apply as respects disposals made on or after the passing of this Act. |