Finance Act 2005

Amendment of section 128 (tax treatment of directors of companies and employees granted rights to acquire shares or other assets) of Principal Act.

16.—(1) Section 128 of the Principal Act is amended in subsection (2) by inserting “and shall be so chargeable notwithstanding that he or she was not resident in the State on the date on which the right was obtained” after “in accordance with this section”.

(2) (a) Subsection (1) applies as respects a right (within the meaning of section 128 of the Principal Act) obtained on or after the coming into operation of this section.

(b) This section comes into operation on such day as the Minister for Finance may appoint by order.