|
|
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,”.
|
