Finance Act 2013

Amendment of Part 16 (income tax relief for investment in corporate trades — employment and investment incentive and seed capital scheme) of Principal Act.

22.— (1) Part 16 of the Principal Act is amended—

(a) in section 488(1)—

(i) in paragraph (g) of the definition of “relevant trading activities” by inserting “except where the operating or managing of such hotels, guest houses, self catering accommodation or comparable establishments, or the managing of property used as a hotel, guest house, self catering accommodation or comparable establishment, is a tourist traffic undertaking,” after “establishment,”, and

(ii) in paragraph (a) of the definition of “tourist traffic undertaking” by deleting “other than hotels, guest houses and self catering accommodation,”,

(b) in section 489(13) by substituting “31 December 2020” for “31 December 2013”, and

(c) in section 490(3)(b) by substituting “2020” for “2013”.

(2) (a) Paragraph (a) of subsection (1) has effect in respect of shares issued on or after 1 January 2013.

(b) Paragraphs (b) and (c) of subsection (1) come into operation on such day or days as the Minister for Finance may by order or orders appoint and different days may be appointed for different purposes or different provisions.