Finance Act 2013

Amendment of section 246 (interest payments by companies and to non-residents) of Principal Act.

29.— (1) Section 246 of the Principal Act is amended—

(a) in subsection (3) by substituting the following for paragraph (c):

“(c) interest paid to a person whose usual place of abode is outside the State—

(i) in respect of a relevant security, or

(ii) by a specified collective investment undertaking within the meaning of section 734,”,

(b) in subsection (3) by inserting the following after paragraph (f):

“(fa) interest paid in the State to an exempt approved scheme within the meaning of section 774,”,


(c) by deleting subsection (4).

(2) This section shall apply to interest paid on or after the passing of this Act.