Finance Act 2015
Amendment of Part 20 of Principal Act (companies’ chargeable gains) | ||
40. Chapter 1 of Part 20 of the Principal Act is amended— | ||
(a) in section 615(2)(a), by substituting the following for subparagraph (iv): | ||
“(iv) the company acquiring the assets is not— | ||
(I) an authorised investment company (within the meaning of Part XIII of the Companies Act 1990 ) that is an investment undertaking (within the meaning of section 739B), or | ||
(II) an authorised ICAV (within the meaning of section 2 of the Irish Collective Asset-management Vehicles Act 2015 (No. 2 of 2015)),”, | ||
and | ||
(b) in section 617(1)(c)(ii), by— | ||
(i) substituting “section 739B),” for “section 739B), or” in Clause I, | ||
(ii) substituting “section 705A), or” for “section 705A),” in Clause II, and | ||
(iii) inserting the following after Clause II: | ||
“(III) an authorised ICAV (within the meaning of section 2 of the Irish Collective Asset-management Vehicles Act 2015 (No. 2 of 2015)),”. |