Revenue Note for Guidance

The content shown on this page is a Note for Guidance produced by the Irish Revenue Commissioners. To view the section of legislation to which the Note for Guidance applies, click the link below:

Revenue Note for Guidance

S494 Eligible Shares

(1)(2) In this Part “‘eligible shares’” means new shares forming part of a company’s share capital and which comply with this section. Where shares are subscribed for, issued to, held by or disposed of for an individual by a nominee, those shares shall be treated for the purposes of this Part as subscribed for, issued to, held by or disposed of by that individual where the nominee has complied with the requirements of sections 892 and 894 in respect of those shares.

(3) The shares, other than where relief under section 507 (SURE) is claimed, may carry a right to preferential rights to a dividend or to repayment of capital on a winding up, and be redeemable.

Relevant Date: Finance Act 2021