Taxes Consolidation Act, 1997 (Number 39 of 1997)
Inserted by FA99 s82(1).
Substituted by FA00 s77(1)(a). This section shall apply as on and from 10 February 2000.
Deleted by FA00 s77(1)(b). This section shall apply as on and from 10 February 2000.
Substituted by FA04 sched3(1)(a). This section shall have effect as on and from the passing of this Act. FA04 25 March 2004
Inserted by F(No.2)A13 s39(1). Has effect from— (a) 24 October 2013, as respects a company incorporated on or after that date, and (b) 1 January 2015, as respects a company incorporated before 24 October 2013.
Substituted by FA14 s43(1)(a). Note: Per FA14 s43(2) certain important conditions apply with reference to the company’s ownership and date of incorporation. FA14 s43(2) cannot be consolidated but is reproduced here in full. References to the “Principle Act” are to TCA97. (a) Subject to paragraph (b), this section shall have effect from 1 January 2015. (b) As respects a company incorporated before 1 January 2015, this section shall have effect— (i) after 31 December 2020, or (ii) from the date, after 31 December 2014, of a change in ownership of the company where there is a major change in the nature or conduct of the business of the company within the relevant period, whichever is the earlier. (c) In paragraph (b) “relevant period” means a period— (i) beginning on the later of— (I) 1 January 2015, or (II) the date which occurs one year before the date of the change in ownership of the company referred to in that paragraph, and (ii) ending 5 years after the date of that change of ownership. (d) For the purposes of the references in paragraphs (b) and (c) to a change in ownership of a company, Schedule 9 (other than paragraph 4 of that Schedule) to the Principal Act shall apply as if references in that Schedule to section 401 or 679(4) of the Principal Act were references to the said paragraphs (b) and (c). (e) For the purposes of paragraph (b), “a major change in the nature or conduct of the business of the company” means— (i)a major change in the nature or conduct of a trade (within the meaning of section 401(1)(a) or (b) of the Principal Act) carried on by the company, (ii) the commencement by the company of a new trade, or (iii) a major change arising from the acquisition by the company of property or of an interest in, or right over, property.