Finance Act 2013

Amendment of section 267N (interpretation) of Principal Act.

24.— (1) Section 267N(1) of the Principal Act is amended—

(a) by substituting the following for paragraph (c) of the definition of “investment certificate”—

“(c) is issued to a person who is not a specified person, and”,


(b) by inserting the following definition—

“ ‘specified person’ has the meaning assigned to it by section 110 as if a reference in the definition of ‘specified person’ in that section—

(a) to a qualifying company included a reference to a qualifying company within the meaning of this section, and

(b) to qualifying assets were a reference to assets within the meaning of this section;”.

(2) This section applies as respects an investment certificate (within the meaning of section 267N of the Principal Act) issued on or after 1 January 2013.