Finance Act 2012

Amendment of section 739G (taxation of unit holders in investment undertakings) of Principal Act.

32.— Section 739G(2) of the Principal Act is amended by substituting the following for paragraph (h):

“(h) the amount of a payment made to a unit holder—

(i) by an investment undertaking, or

(ii) arising from the transfer by way of sale, or otherwise, of an entitlement to a unit in an investment undertaking,

shall not be chargeable to income tax or capital gains tax where the unit holder is a company which is not resident in the State or the unit holder, not being a company, is neither resident nor ordinarily resident in the State,”.