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Taxes Consolidation Act, 1997 (Number 39 of 1997)


267FSupplementary provisions (Chapter 5).

(1) The provisions of section 904A shall apply to a credit union, treated under this Chapter as paying relevant interest, as they apply to a relevant deposit taker paying relevant interest.


(2) In applying Chapter 4 of this Part for the purposes of this Chapter, section 258(4) shall not apply.


(3) Section 261 shall apply in relation to any dividend paid on shares held in a special share account or a special term share account which under section 267B is treated in whole or in part as relevant interest paid in respect of a relevant deposit, as if the following paragraph were substituted for paragraph (c) of that section:

“(c) the amount of any payment of relevant interest paid in respect of a relevant deposit shall not, except for the purposes of a claim to repayment under section 267(3) in respect of the appropriate tax deducted from such relevant interest, be reckoned in computing total income for the purposes of the Income Tax Acts;”.




Inserted by FA01 s57(1)(a)(vi). With effect from 1 January 2002 per S.I. 596 of 2001.



Deleted by FA12 s36(1)(e). Applies to any payment or crediting of relevant interest (within the meaning of Chapter 4 of Part 8) made on or after 1 January 2012.