Links from Section 420A | ||
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Act | Linked to | Context |
Taxes Consolidation Act, 1997 |
(ii) so as to reduce the profits of a claimant company which carries on life business (within the meaning of section 706) by an amount greater than the amount of such profits (before a set off under this subsection) computed in accordance with Case 1 of Schedule D and section 710(1). |
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Taxes Consolidation Act, 1997 |
(a) so much of the loss as is a loss incurred in an excepted trade within the meaning of section 21A, and |
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Taxes Consolidation Act, 1997 |
(i) income specified in
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Taxes Consolidation Act, 1997 |
(iii) income to which section 21A(3) does not apply by virtue of section 21B, |
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Taxes Consolidation Act, 1997 |
(iii) income to which section 21A(3) does not apply by virtue of section 21B, |
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Taxes Consolidation Act, 1997 |
“relevant trading charges on income” and “relevant trading income” have the same meanings, respectively, as in section 243A; |
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Taxes Consolidation Act, 1997 |
of the claimant company for its corresponding accounting period as reduced by any amounts allowed as deductions against that income under section 243A or set off against that income under section 396A. |
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Taxes Consolidation Act, 1997 |
(3) (a) |
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Taxes Consolidation Act, 1997 |
(i) to so much of a loss as is excluded from section 396(2) by section 396(4) or 663, or |
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Taxes Consolidation Act, 1997 |
(i) to so much of a loss as is excluded from section 396(2) by section 396(4) or 663, or |
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Taxes Consolidation Act, 1997 |
(b) after the relief granted under section 396 in respect of a loss incurred in a preceding accounting period or periods. |
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Taxes Consolidation Act, 1997 |
of the claimant company for its corresponding accounting period as reduced by any amounts allowed as deductions against that income under section 243A or set off against that income under section 396A. |
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Taxes Consolidation Act, 1997 |
(a) before relief granted under section 397 in respect of a loss incurred in a succeeding accounting period or periods, and |
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Taxes Consolidation Act, 1997 |
(2) Notwithstanding subsections (1) and (6) of section 420 and section 421, where in any accounting period the surrendering company incurs a relevant trading loss or an excess of relevant trading charges on income, that loss or excess may not be set off for the purposes of corporation tax against the total profits of the claimant company for its corresponding accounting period. |
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Taxes Consolidation Act, 1997 |
(2) Notwithstanding subsections (1) and (6) of section 420 and section 421, where in any accounting period the surrendering company incurs a relevant trading loss or an excess of relevant trading charges on income, that loss or excess may not be set off for the purposes of corporation tax against the total profits of the claimant company for its corresponding accounting period. |
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Taxes Consolidation Act, 1997 |
(5) For the purposes of this section in the case of a claim made by a company as a member of a consortium, only a fraction of a relevant trading loss or an excess of relevant trading charges on income may be set off, and that fraction shall be equal to that member’s share in the consortium, subject to any further reduction under section 422(2). |
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Taxes Consolidation Act, 1997 |
(i) to so much of a loss as is excluded from section 396(2) by section 396(4) or 663, or |
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Taxes Consolidation Act, 1997 |
(ii) so as to reduce the profits of a claimant company which carries on life business (within the meaning of section 706) by an amount greater than the amount of such profits (before a set off under this subsection) computed in accordance with Case 1 of Schedule D and section 710(1). |
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Taxes Consolidation Act, 1997 |
(ii) so as to reduce the profits of a claimant company which carries on life business (within the meaning of section 706) by an amount greater than the amount of such profits (before a set off under this subsection) computed in accordance with Case 1 of Schedule D and section 710(1). |
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Links to Section 420A (from within TaxSource Total) | ||
Act | Linked from | Context |
Taxes Consolidation Act, 1997 |
(ca) the total amount of the loss or excess referred to in subsection (3) of section 420A for the chargeable period shall be treated for the purposes of Chapter 5 of Part 12 as reduced by 50 per cent, |
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Taxes Consolidation Act, 1997 |
(iii) section 420A, except to the extent the amount can be surrendered by the company for set off against the relevant trading income arising from— |
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Taxes Consolidation Act, 1997 |
(d) details in respect of relevant leasing losses surrendered under section 420A or 420B insofar as those losses pertain to relevant leasing losses, in the period to which the return relates, including details of the relationship between the claimant company and the surrendering company (both within the meaning of section 411(2)); |
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Taxes Consolidation Act, 1997 |
(I) could be set off under section 420A against income of a trade of leasing carried on by the claimant company if paragraph (b) of the definition of relevant trading loss in section 420A were deleted, or |
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Taxes Consolidation Act, 1997 |
(I) could be set off under section 420A against income of a trade of leasing carried on by the claimant company if paragraph (b) of the definition of relevant trading loss in section 420A were deleted, or |
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Taxes Consolidation Act, 1997 |
(A) under section 420A against income specified in subparagraphs (A) and (B) of that paragraph, or |
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Taxes Consolidation Act, 1997 |
(B) under section 420A against income from the leasing by the company of any other asset under a relevant long-term lease.”, |
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Taxes Consolidation Act, 1997 |
(c) income of any other company in accordance with section 420A |
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Taxes Consolidation Act, 1997 |
(a) corresponds to an amount of a kind that, for the purposes of section 420 or 420A, could be available for surrender by means of group relief by a company resident in the State, |
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Taxes Consolidation Act, 1997 |
(3) (a) Subject to subsection (4), where in any accounting period the surrendering company has incurred a relevant foreign loss, then the amount of the loss shall be treated (with any necessary modifications) for the purposes of sections 420A and 420B as a relevant trading loss incurred by the surrendering company in the accounting period. |
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Taxes Consolidation Act, 1997 |
(ii) under subsection (3) of section 420A, be set off against income specified in subparagraph (i), (ii) or (iii) of paragraph (a) of that subsection, or |
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Taxes Consolidation Act, 1997 |
(b) that the amount of total profits, income or relevant corporation tax for the true accounting period of the company against which group relief may be allowed in accordance with section 421(2), 420A(3) or 420B(3), as the case may be, is also so apportioned to the component accounting periods. |
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Taxes Consolidation Act, 1997 |
(ii) section 420A to accounting periods, relevant trading loss, relevant trading charges on income (or an excess thereof) and income (against which amounts may be set off under section 420A(3)), and |
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Taxes Consolidation Act, 1997 |
(ii) section 420A to accounting periods, relevant trading loss, relevant trading charges on income (or an excess thereof) and income (against which amounts may be set off under section 420A(3)), and |
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Taxes Consolidation Act, 1997 |
(II) under subsection (3) of section 420A, be set off against income specified in paragraph (a)(i), (a)(ii) or (a)(iii) of that subsection, or |
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Taxes Consolidation Act, 1997 |
(11) The Tax Acts shall apply to a loss referred to in subsection (2) as they would apply if sections 396A and 420A had not been enacted. |
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Taxes Consolidation Act, 1997 |
(5) The Tax Acts shall apply to a loss referred to in subsection (4) as they would apply if sections 396A and 420A had not been enacted. |
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Taxes Consolidation Act, 1997 |
(c) amounts set off or surrendered under section 420 or 420A in an accounting period that falls wholly or partly within the period commencing on 1 January 2018 and ending on 31 December 2023, or |
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Taxes Consolidation Act, 1997 |
(iii) a loss or excess under section 420A, |
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Taxes Consolidation Act, 1997 |
(3) The amount of any expenditure to be treated under subsection (2) as incurred at the time that a trade or profession has been set up and commenced shall not be so treated for the purposes
of section 381,
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Taxes Consolidation Act, 1997 |
(ca) any amounts referred to in paragraph (a) or (b) claimed by a claimant company under section 420A(3) or 420B(2) that are treated under section 247(4G) for the purposes of Chapter 5 of Part 12 as relevant trading charges on income (within the meaning of section 243A), |
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Taxes Consolidation Act, 1997 |
(c) amounts set off under section 420 or 420A other than: |
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Taxes Consolidation Act, 1997 |
(iii) interest treated as a charge on income that may be set off under section 420A(3), but for this Part. |