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Taxes Consolidation Act, 1997 (Number 39 of 1997)


531AUA . Universal social charge and approved profit sharing schemes

Where universal social charge is charged on the initial market value of shares in accordance with subparagraph (a)(ii) of the Table to section 531AM(1), it shall not be charged—

(a) where there is a disposal of shares, or a deemed disposal of shares, as referred to in subsections (2) and (7), respectively, of section 512, on the appropriate percentage of the locked-in value of those shares as construed in accordance with subsection (1) of that section, or

(b) where there is a capital receipt within the meaning of section 513(1), on the appropriate percentage of the amount or value, as the case may be, of that capital receipt.




Inserted by FA12 s2(8). Deemed to have had effect as on and from 1 January 2011.