Taxes Consolidation Act, 1997 (Number 39 of 1997)
Government and other public securities: exemptions from tax
42 Exemption of interest on savings certificates.
The accumulated interest payable in respect of any savings certificate issued by the Minister for Finance, under which the purchaser, by virtue of an immediate payment of a specified sum, becomes entitled after a specified period to receive a larger sum consisting of the specified sum originally paid and accumulated interest on that specified sum, shall not be liable to tax so long as the amount of such certificates held by the person who is for the time being the holder of the certificate does not exceed the amount which that person is for the time being authorised to hold under regulations made by the Minister for Finance.
Substituted by FA10 s35(1)(a).This section comes into force and takes effect as on and from 4 February 2010.