Taxes Consolidation Act, 1997

Expenditure reimbursed out of public money.

[CGTA75 s51(1) and Sch1 par3(7)]

565.—There shall be excluded from the computation under this Chapter of a gain accruing on a disposal any expenditure which has been or is to be met directly or indirectly by any government, by any board established by statute or by any public or local authority whether in the State or elsewhere.