No 39 of 1997, Section 502, Link Report

Links from Section 502
Act	Linked to	Context
Taxes Consolidation Act, 1997	sec0488.html	(b) This paragraph applies to an investment in eligible shares where the investor undertakes not to dispose of those shares for a period of 7 years, and for the purposes of applying sections 508M and 508P to this investment, the definition of relevant period in section 488(1), shall be read as if the reference to ‘4 years’ were a reference to ‘7 years’.
Taxes Consolidation Act, 1997	sec0496.html	(i) 125 per cent of the amount subscribed where the qualifying investment is made pursuant to section 496(5)(a)(i),
Taxes Consolidation Act, 1997	sec0496.html	(ii) 87.5 per cent of the amount subscribed where the qualifying investment is made pursuant to section 496(5)(a)(ii),
Taxes Consolidation Act, 1997	sec0496.html	(iii) 50 per cent of the amount subscribed where the qualifying investment is made pursuant to section 496(6),
Taxes Consolidation Act, 1997	sec0496.html	(iv) 50 per cent of the amount subscribed where the qualifying investment is made pursuant to section 496(7), or
Taxes Consolidation Act, 1997	sec0508J.html	(a) thirty fortieths of the amount subscribed, which shall be given, subject to section 508J(4), as a deduction from his or her total income for the year of assessment in which the shares are issued, and
Taxes Consolidation Act, 1997	sec0508J.html	(2A)(a) In respect of shares issued after 8 October 2019 and on or before 31 December 2023, a qualifying investor who makes a qualifying investment in a qualifying company shall be entitled, subject to this section, to relief for the full amount subscribed, which shall be given, subject to section 508J(4), as a deduction from his or her total income for the year of assessment in which the shares are issued.
Taxes Consolidation Act, 1997	sec0508J.html	(v) 75 per cent of the amount subscribed where the qualifying investment is made through a qualifying investment fund in accordance with section 508J,
Taxes Consolidation Act, 1997	sec0508J.html	which shall be given, subject to section 508J(4), as a deduction from his or her total income for the year of assessment in which the shares are issued.
Taxes Consolidation Act, 1997	sec0983.html	““qualifying employee””, in relation to a qualifying company, or a qualifying subsidiary as the case may be, means an employee (within the meaning of section 983), other than a director, of that company—
Links to Section 502 (from within TaxSource Total)
Act	Linked from	Context
Taxes Consolidation Act, 1997	sec0458.html	~~Section 489~~ Section 502
Taxes Consolidation Act, 1997	sec0488.html	(a) relief as provided under this Part as it operates by virtue of section 502 or, where the context admits, as it operates by virtue of section 503 or, as appropriate, section 507, or
Taxes Consolidation Act, 1997	sec0507.html	(1) Notwithstanding section 502, a specified individual who makes a relevant investment in a qualifying company, the activities of which constitute a qualifying new venture, shall be entitled, subject to subsections (2) and (3), to relief in respect of that relevant investment, which shall be given as a deduction from his or her total income for the year of assessment in which the shares are issued.
Taxes Consolidation Act, 1997	sec0507.html	(5) Where a specified individual claims relief under this section, no relief shall be granted to that individual under section 502 in respect of the same qualifying company.
Taxes Consolidation Act, 1997	sec0508.html	(ii) the limits set out in section 502(3) in any other case,
Taxes Consolidation Act, 1997	sec0508.html	(b) has insufficient total income against which to offset the deductions available under section 502 or section 507, as the case may be,
Taxes Consolidation Act, 1997	sec0508.html	(b) only thereafter, in respect of any other amount for which relief is to be given in that year of assessment with relief under section 502(2)(b) given in priority to relief under section 502(2)(a).
Taxes Consolidation Act, 1997	sec0508.html	(b) only thereafter, in respect of any other amount for which relief is to be given in that year of assessment with relief under section 502(2)(b) given in priority to relief under section 502(2)(a).
Taxes Consolidation Act, 1997	sec0508A.html	(vi) the amount of the investment which qualifies for relief under ~~section 502(2)(a)~~ subsection (2)(a) or (2A) of section 502, as the case may be , after any reduction required by section 497 or section 508R, and
Taxes Consolidation Act, 1997	sec0508B.html	(1) A qualifying company shall issue to a qualifying investor, or managers of a designated fund as the case may be, a statement of qualification (second stage relief) in respect of a qualifying investment that qualifies for relief under section 502(2)(b).
Taxes Consolidation Act, 1997	sec0508B.html	(v) confirmation that conditions for relief under section 502(2)(b) have been satisfied,
Taxes Consolidation Act, 1997	sec0508B.html	(vi) the amount of the investment which qualifies for relief under section 502(2)(b), after any reduction required by section 497 or section 508R, and
Taxes Consolidation Act, 1997	sec0508B.html	(a) until the relevant period has ended and it has satisfied the condition set out in section 502(4), or
Taxes Consolidation Act, 1997	sec0508F.html	(d) where section 502(2)(b) applies, the date the conditions set out in section 508B(4)(a) are satisfied.
Taxes Consolidation Act, 1997	sec0508J.html	(1)(a) Relief under section 502 shall be given, and section 498(1) shall not apply, in respect of an amount subscribed as nominee for an individual by a person or persons having the management of an investment fund designated by the Revenue Commissioners ~~for the purposes of this Chapter (in this Part referred to as the ‘managers of a designated fund’)~~ or by a person or persons having the management of a qualifying investment fund for the purposes of this Chapter (in this section referred to as the ‘fund managers’) where the amount so subscribed forms part of the fund.
Taxes Consolidation Act, 1997	sec0508J.html	then the individual shall be entitled to relief, under section 502(2)(a) or 502(2A), as a deduction from his or her total income for the year of assessment in which the amount was subscribed to the designated fund or the qualifying investment fund.
Taxes Consolidation Act, 1997	sec0508J.html	then the individual shall be entitled to relief, under section 502(2)(a) or 502(2A), as a deduction from his or her total income for the year of assessment in which the amount was subscribed to the designated fund or the qualifying investment fund.
Taxes Consolidation Act, 1997	sec0508U.html	(3A) Where any relief is to be withdrawn under section 502(5) that relief shall be withdrawn by the making of an assessment on the qualifying company to corporation tax under Case IV of Schedule D for the year of assessment following the year of assessment in which the subsequent period ends, in an amount equal to 0.4 times the amount referred to in section 502(5).
Taxes Consolidation Act, 1997	sec0508U.html	(3A) Where any relief is to be withdrawn under section 502(5) that relief shall be withdrawn by the making of an assessment on the qualifying company to corporation tax under Case IV of Schedule D for the year of assessment following the year of assessment in which the subsequent period ends, in an amount equal to 0.4 times the amount referred to in section 502(5).