Select view:

Taxes Consolidation Act, 1997 (Number 39 of 1997)

598 Disposals of business or farm on “retirement”.

[CGTA75 s26(1) to (6); FA90 s84(c)(iii); FA91 s42(b); FA95 s71(1); FA96 s60(1)]

(1)(a) In this section and in section 599

[13]>

certificate” has the same meaning as it has for the purposes of Regulation 8(8)(c)(ii) of the European Communities (Milk Quota) Regulations 2000 (S.I. No. 94 of 2000) as amended or extended from time to time;

<[13]

chargeable business asset” means an asset (including goodwill but not including shares or securities or other assets held as investments) which is, or is an interest in, an asset used for the purposes of farming, or a trade, profession, office or employment, carried on by—

(i) the individual,

(ii) the individual’s family company, or

(iii) a company which is a member of a trading group of which the holding company is the individual’s family company,

[41]>

other than an asset on the disposal of which no gain accruing would be a chargeable gain;

<[41]

[41]>

other than—

(I) an asset on the disposal of which no gain accruing would be a chargeable gain,

(II) subject to subsection (1)(f), goodwill which is disposed of directly or indirectly to a company, where, immediately following the disposal the individual is connected with the company, or

(III) subject to subsection (1)(f), shares or securities in a company which are disposed of directly or indirectly to another company where, immediately following the disposal, the individual is connected with the firstmentioned company;

<[41]

family company”, in relation to an individual, means, subject to paragraph (b), a company the voting rights in which are—

(i) as to not less than 25 per cent, exercised by the individual, or

(ii) as to not less than 75 per cent, [27]>exercisable by the individual or a member of his or her family and,<[27][27]>exercisable by the individual, his or her civil partner, a member of the individual’s family, or a member of the family of the civil partner of the individual, and,<[27] as to not less than 10 per cent, exercisable by the individual himself or herself;

family”, in relation to an individual, means the husband or wife of the individual, and a relative of the individual or of the individual’s husband or wife, and “relative” means brother, sister, ancestor or lineal descendant;

[28]>

family of the civil partner”, in relation to an individual, means any brother, sister, ancestor or lineal descendant of the civil partner;

<[28]

[38]>

farm partnership” means a milk production partnership or a registered farm partnership (within the meaning of section 667C);

<[38]

full-time working director” means a director required to devote substantially the whole of his or her time to the service of the company in a managerial or technical capacity;

holding company” means a company whose business (disregarding any trade carried on by it) consists wholly or mainly of the holding of shares or securities of one or more companies which are its 75 per cent subsidiaries;

[14]>

milk production partnership” has the meaning assigned to it by the European Communities (Milk Quota) Regulations 2000 (S.I. No. 94 of 2000) as amended or extended from time to time;

payment entitlement” has the same meaning as it has for the purposes of [37]>Council Regulation (EC) No. 1782/2003 of 29 September 20037<[37][37]>Regulation (EU) No. 1307/2013 of the European Parliament and of the Council of 17 December 20131<[37];

<[14]

qualifying assets”, in relation to a disposal, includes—

[1]>

(i) the chargeable business assets of the individual which apart from tangible movable property he or she has owned for a period of not less than 10 years ending with the disposal, and

<[1]

[1]>

(i)the chargeable business assets of the individual which apart from tangible moveable property he or she has owned for a period of not less than 10 years ending with the disposal and which have been his or her chargeable business assets throughout the period of 10 years ending with that disposal,

<[1]

[8]>

(ii) the shares or securities which the individual has owned for a period of not less than 10 years ending with the disposal, being shares or securities of a company which has been a trading or a farming company and the individual’s family company or a member of a trading group of which the holding company is that individual’s family company during a period of not less than 10 years ending with the disposal and of which he or she has been a working director for a period of not less than 10 years during which period he or she has been a full-time working director of that company [2]>for a period of not less than 5 years;<[2][2]>for a period of not less than 5 years, and<[2]

[3]>

(iii) land used for the purposes of farming carried on by the individual which he or she owned and used for that purpose for a period of not less than 10 years ending with the transfer of an interest in that land for the purposes of complying with the terms of the Scheme;

<[3]

<[8]

[8]>

(ii)(I) the shares or securities, which the individual has owned for a period of not less than 10 years ending with the disposal, being shares or securities of a relevant company that is a company—

(A) which has been a trading company, or a farming company, and the individual’s family company, or

(B) which has been a member of a trading group, of which the holding company is the individual’s family company,

during a period of not less than 10 years ending with the disposal and the individual has been a working director of the relevant company for a period of not less than 10 years during which period he or she has been a full-time working director of the relevant company for a period of not less than 5 years, and

(II) land, machinery or plant (if any) which the individual has owned for a period of not less than 10 years ending with the disposal, and which—

(A) was used throughout that period for the purposes of the relevant company, and

(B) is disposed of at the same time and to the same person as the shares or securities referred to in subparagraph (I),

[15]>

(iia)payment entitlements, where they are disposed of at the same time and to the same person as land to the extent that the land would support a claim to payment in respect of those payment entitlements,

<[15]

(iii) land used for the purposes of farming carried on by the individual which he or she has owned and used for that purpose for a period of not less than 10 years ending with the transfer of an interest in that land for the purposes of complying with the terms of the Scheme, [17]>and<[17]

(iv) land which has been let by the individual at any time in the period of 5 years ending with the disposal, where—

(I) immediately before the time the land was first let in that period, the land was owned by the individual and used for the purposes of farming carried on by the individual for a period of not less than 10 years ending at that time, and

(II) the disposal is a disposal referred to in [18]>section 652(5)(a);<[18][18]>section 652(5)(a), and<[18]

<[8]

[33]>

[19]>

(v) land which has been let by the individual at any time in the period of 15 years ending with the disposal where—

(I) immediately before the time the land was first let in that period of 15 years, the land was owned by the individual and used for the purposes of farming carried on by the individual for a period of not less than 10 years ending at that time, and

(II) the disposal is to a child (within the meaning of section 599) of the individual;

<[19]

<[33]

[35]>

[33]>

(v) land which has been let by the individual at any time in the period of 15 years ending with the disposal where—

(I) immediately before the time the land was first let in that period of 15 years, the land was owned by the individual and used for the purposes of farming carried on by the individual for a period of not less than 10 years ending at that time, and

(II) the disposal is—

(A) to a child (within the meaning of section 599) of the individual, or

(B) to an individual, other than a child referred to in clause (A), provided the land was let to a person for the purposes of farming during the period of 15 years referred to in subparagraph (I) and each letting of the land was for a period of not less than 5 consecutive years;

<[33]

<[35]

[35]>

(v) land which has been let by the individual at any time in the period of 25 years ending with the disposal where—

(I) immediately before the time the land was first let in that period of 25 years, the land was owned by the individual and used for the purposes of farming carried on by the individual for a period of not less than 10 years ending at that time, and

(II) the disposal is—

(A) to a child (within the meaning of section 599) of the individual,

(B) to an individual, other than a child referred to in clause (A), where that disposal occurs on or before 31 December 2016, or

(C) to an individual, other than a child referred to in clause (A), provided the land was let to a person for the purposes of farming during the period of 25 years referred to in subparagraph (I) and each letting of the land was for a period of not less than 5 consecutive years;

<[35]

[9]>

[4]>

the Scheme” means the scheme known as the Scheme of Early Retirement From Farming introduced by the Minister for Agriculture and Food for the purpose of implementing Council Regulation (EEC) No. 2079/92 of 30 June 1992*;

<[4]

<[9]

[9]>

the Scheme” means the scheme known as—

(i) the Scheme of Early Retirement From Farming introduced by the Minister for Agriculture and Food for the purpose of implementing Council Regulation (EEC) No. 2079/92 of 30 June 19922, [23]>or<[23]

(ii) the Scheme of Early Retirement From Farming introduced by the Minister for Agriculture, Food and Rural Development for the purpose of implementing Council Regulation (EC) No. 1257/1999 of 17 May 19993, [24]>or<[24]

<[9]

[25]>

(iii) the Scheme of Early Retirement From Farming introduced by the Minister for Agriculture and Food for the purpose of implementing Council Regulation (EC) No. 1698/2005 of 20 September 20055;

<[25]

trade”, “farming”, “profession”, “office” and “employment” have the same meanings respectively as in the Income Tax Acts;

trading company” means a company whose business consists wholly or mainly of the carrying on of one or more trades or professions;

trading group” means a group of companies consisting of the holding company and its 75 per cent subsidiaries, the business of whose members taken together consists wholly or mainly of the carrying on of one or more trades or professions;

75 per cent subsidiary” has the meaning assigned to it by section 9.

(b) For the purposes of the definition of “family company”, where a company which is a holding company would not but for this paragraph be an individual’s family company, but would be such a company if the individual had not at any time on or after the 6th day of April, 1987, and before the 6th day of April, 1990, disposed of shares in the company to a child (within the meaning of section 599) of the individual, the company shall be deemed to be the individual’s family company.

(c) In this section, references to the disposal of the whole or part of an individual’s qualifying assets include references to the disposal of the whole or part of the assets provided or held for the purposes of an office or employment by the individual exercising that office or employment.

(d) For the purposes of the definition of “qualifying assets”, there shall be taken into account—

[10]>

(i) the period of ownership of a spouse of the individual as if it were a period of ownership of the individual,

<[10]

[10]>

(i) (I) the period of ownership of an asset by a [29]>spouse<[29][29]>spouse or civil partner<[29] of an individual as if it were a period of ownership of the asset by the individual, and

(II) where a [29]>spouse<[29][29]>spouse or civil partner<[29] of an individual has died, the period of use of an asset by the [29]>spouse<[29][29]>spouse or civil partner<[29] as if it were a period of use of the asset by the individual,

<[10]

(ii) where the chargeable business assets are new assets within the meaning of section 597, the period of ownership of the old assets as if it were a period of ownership of the new assets,

[11]>

(iia) the period for which an individual was a director or, as the case may be, a full-time working director of the following companies as if it were a period for which the individual was a director of a “relevant company” (which, for the purposes of this subparagraph, means a company referred to in paragraph (ii) of the definition of qualifying assets in subsection (1)(a)):

(I) a company that was treated as being the same company as the relevant company for the purposes of section 586,

(II) a company involved in the same scheme of reconstruction or amalgamation under section 587 with the relevant company,

<[11]

[16]>

(iib)the period of use of land by an individual as a partner in a [39]>milk production partnership<[39][39]>farm partnership<[39] as if it were also a period of use by the [29]>spouse<[29][29]>spouse or civil partner<[29] of the individual where the [29]>spouse<[29][29]>spouse or civil partner<[29]

(I) is a co-owner of the land,

(II) used the land for a period ending on the date the [39]>milk production partnership<[39][39]>farm partnership<[39] commenced, and

(III) was issued with a certificate by the Minister for Agriculture and Food,

<[16]

(iii) where the qualifying assets are shares or securities in a family company to which section 600 applies, the period immediately before the transfer to the company of chargeable business assets during which those assets were owned by the individual as if it were a period of ownership of the individual of the qualifying assets or a period throughout which he or she was a full-time working director, as may be appropriate, and

(iv) a period immediately before the death of the [29]>spouse<[29][29]>spouse or civil partner<[29] of the individual throughout which the deceased was a full-time working director as if it were a period throughout which the individual was a full-time working director.

[36]>

(e) For the purposes of paragraph (v)(II)(C) in the definition of ‘qualifying assets’, land let under one or more than one conacre agreement before 31 December 2016 shall not affect entitlement to relief under this section, where a letting of the land for a period of not less than 5 consecutive years commences on or before 31 December 2016.

<[36]

[42]>

(f) Goodwill, shares or securities referred to in clauses (II) and (III) of the definition of ‘chargeable business asset’ shall be treated as chargeable business assets where it would be reasonable to consider that a disposal of such assets is made for bona fide commercial reasons and does not form part of any arrangement or scheme the main purpose or one of the main purposes of which is the avoidance of liability to tax.

<[42]

[31]>

(2)(a) Subject to this section, where an individual who has attained the age of 55 years disposes of the whole or part of his or her qualifying assets, then—

(i) if the amount or value of the consideration for the disposal does not exceed [5]>£250,000<[5] [6]> [5]>£375,000<[5]<[6] [12]> [6]>€476,250<[6]<[12] [20]> [12]>€500,000<[12]<[20] [20]>€750,000<[20], relief shall be given in respect of the full amount of capital gains tax chargeable on any gain accruing on the disposal;

(ii) if the amount or value of the consideration for the disposal exceeds [5]>£250,000<[5] [7]> [5]>£375,000<[5]<[7] [12]>[7]>€476,250<[7]<[12] [20]> [12]>€500,000<[12]<[20] [20]>€750,000<[20], the amount of capital gains tax chargeable on the gain accruing on the disposal shall not exceed 50 per cent of the difference between the amount of that consideration and [5]>£250,000<[5][7]> [5]>£375,000<[5]<[7] [12]> [7]>€476,250<[7]<[12] [20]>[12]>€500,000<[12]<[20] [20]>€750,000<[20].

(b) For the purposes of paragraph (a), the amount of capital gains tax chargeable in respect of the gain shall be the amount of tax which would not have been chargeable but for that gain.

<[31]

[31]>

(2) (a) Subject to this section, where an individual who has attained the age of 55 years but has not attained the age of 66 years disposes of the whole or part of his or her qualifying assets, then—

(i) if the amount or value of the consideration for the disposal does not exceed €750,000, relief shall be given in respect of the full amount of capital gains tax chargeable on any gain accruing on the disposal;

(ii) if the amount or value of the consideration for the disposal exceeds €750,000, the amount of capital gains tax chargeable on the gain accruing on the disposal shall not exceed 50 per cent of the difference between the amount of that consideration and €750,000.

(b) Subject to this section, where an individual who has attained the age of 66 years disposes of the whole or part of his or her qualifying assets on or before 31 December 2013, then—

(i) if the amount or value of the consideration for the disposal does not exceed €750,000, relief shall be given in respect of the full amount of capital gains tax chargeable on any gain accruing on the disposal;

(ii) if the amount or value of the consideration for the disposal exceeds €750,000, the amount of capital gains tax chargeable on the gain accruing on the disposal shall not exceed 50 per cent of the difference between the amount of that consideration and €750,000.

(c) Subject to this section, where an individual who has attained the age of 66 years disposes of the whole or part of his or her qualifying assets on or after 1 January 2014, then—

(i) if the amount or value of the consideration for the disposal does not exceed €500,000, relief shall be given in respect of the full amount of capital gains tax chargeable on any gain accruing on the disposal;

(ii) if the amount or value of the consideration for the disposal exceeds €500,000, the amount of capital gains tax chargeable on the gain accruing on the disposal shall not exceed 50 per cent of the difference between the amount of that consideration and €500,000.

(d) For the purposes of paragraphs (a), (b) and (c), the amount of capital gains tax chargeable in respect of the gain shall be the amount of tax which would not have been chargeable but for that gain.

<[31]

[44]>

(2A) (a) In this subsection “solar panel” means ground-mounted equipment used to capture solar energy and convert it into electrical energy, together with ancillary equipment used to harness, store and transfer the electrical energy.

(b) Notwithstanding that solar panels are installed on land which is suitable for farming purposes, the land shall be treated as a qualifying asset for the purposes of subsection (2) where the area of the land on which the solar panels are installed does not exceed half the total area of the land concerned.

<[44]

(3) For the purposes of subsection (2), the consideration on the disposal of qualifying assets by the individual shall be aggregated, and nothing in this section shall affect the computation of gains accruing on the disposal of assets other than qualifying assets.

[21]>

(3A) Where compensation has been received by a person under the scheme for compensation in respect of the decommissioning of fishing vessels implemented by [40]>the Minister for Agriculture, Fisheries and Food in accordance with Council Regulation (EC) No. 1198/2006 of 27 July 20064<[40][40]>the Minister for Agriculture, Food and the Marine in accordance with Regulation (EU) No. 508/2014 of the European Parliament and of the Council of 15 May 20144<[40], relief under subsection (2) shall apply as if the period referred to in paragraph (i) of the definition of “qualifying assets” in subsection (1)(a) were 6 years and the age referred to in subsection (2) were 45 years.

<[21]

[45]>

(3B) (a) In this subsection—

Brexit compensation sum”, “relevant vessel” and “sea-fishing boat licence” have the same meaning respectively as they have in section 669L.

(b) Relief under subsection (2) shall apply in respect of the following payments arising as a portion of a Brexit compensation sum—

(i) compensation for the destruction of a relevant vessel, and

(ii) compensation for the surrender of a sea-fishing boat licence, as if—

(I) in subsection (1)(a), the period referred to in paragraph (i) of the definition of “qualifying assets” were 6 years, and

(II) in subsection (2)(a), the age attained by an individual were 45 years.

<[45]

(4) Where a disposal of qualifying assets includes a disposal of shares or securities of the individual’s family company, the amount of the consideration to be taken into account for the purposes of subsection (2) in respect of those shares or securities shall be the proportion of the consideration for those shares or securities which is equal to—

(a) in a case where the individual’s family company is not a holding company, the proportion which the part of the value of the company’s chargeable assets at the time of the disposal which is attributable to the value of the company’s chargeable business assets bears to the whole of that value, and

(b) in a case where the individual’s family company is a holding company, the proportion which the part of the value of the chargeable assets of the trading group (excluding shares or securities of one member of the group held by another member of the group) at the time of the disposal which is attributable to the value of the chargeable business assets of the trading group bears to the whole of that value;

but nothing in this section shall affect liability on any gains calculated by reference to the balance of the consideration for the disposal of those shares or securities.

(5) For the purposes of subsection (4), every asset shall be a chargeable asset except one on the disposal of which by the company or a member of the trading group, as the case may be, at the time of the disposal of the shares or securities, no gain accruing to the company or member of the trading group, as the case may be, would be a chargeable gain.

(6)(a) The total of the amounts of relief given under this section for any year of assessment and all years of assessment before such year shall not exceed such amount as would reduce the total amount of capital gains tax chargeable for all those years of assessment below the amount which would be chargeable if the disposals of qualifying assets had all been made in the year of assessment.

(b) Where at any time the relief given under this section exceeds the amount of relief which would be given if the disposals of qualifying assets for the year of assessment and all years of assessment before such year had been made in the year of assessment, any necessary adjustment may be made [32]>by means of assessment or additional assessment<[32][32]>by means of assessment or amended assessment<[32] [34]>and such assessment may be made at any time not more than 10 years<[34] after the end of the year of assessment in which the last of such disposals is made.

(c) For the purposes of this subsection, [30]>a disposal of qualifying assets other than a disposal of the whole of such assets, by a husband to a wife or by a wife to a husband shall, notwithstanding section 1028(5),<[30][30]>a disposal of qualifying assets other than a disposal of the whole of such assets, by a husband to a wife or by a wife to a husband, or by an individual to his or her civil partner, shall, notwithstanding section 1028(5) or section 1031M(5), as the case may be,<[30] be taken into account at the market value of the assets.

(7) Subsection (2) shall apply where under section 583 an individual is treated as disposing of interests in shares or securities of his or her family company in consideration of a capital distribution from the company (not being a distribution consisting of chargeable business assets) in the course of dissolving or winding up the company as it applies where he or she disposes of shares or securities of the company.

[26]>

(7A) (a) In this subsection “relevant payment” means a payment made by a company on the redemption, repayment or purchase of its own shares which, by virtue of section 176, is not treated as a distribution for the purposes of Chapter 2 of Part 6.

(b) Subsection (2) shall apply where an individual disposes of shares in his or her family company and receives a relevant payment in exchange for that disposal.

<[26]

[43]>

(7B) Where an individual enters into arrangements, the main purpose, or one of the main purposes, of which is to secure that the individual is not connected with a company for the purpose of either or both of clauses (II) or (III) in the definition of ‘chargeable business asset’, the individual will be deemed to be connected with that company for the purpose of either or both of clauses (II) or (III) as the case may be.

(7C) Subject to section 600 and subsection (7D), this section shall not apply to such portion of the chargeable gain or gains accruing in respect of a disposal or disposals by an individual of qualifying assets which form part of a transfer to which section 600 applies as bears the same proportion to the total of such gains as the value of the consideration received by the individual out of the assets of the company in respect of the transfer bears to the value of the consideration received by the individual other than by way of shares or securities in respect of such transfer.

(7D) Subsection (7C) shall not apply in relation to a disposal of assets where it would be reasonable to consider that the disposal is made for bona fide commercial reasons and does not form part of any arrangement or scheme the main purpose or one of the main purposes of which is the avoidance of liability to tax.

<[43]

[22]>

(8) This section shall not apply to a disposal of qualifying assets unless it is shown that the disposal is made for bona fide commercial reasons and does not form part of any arrangement or scheme of which the main purpose or one of the main purposes is the avoidance of liability to tax.

<[22]

[4]>

Footnotes

[9]>

* O.J. No. L215 of 30.7.1992 p.91.

<[9]

[37]>

[14]>

7 OJ No. L270 of 21.10.2003, p.1

<[14]

<[37]

[37]>

1 OJ No. L347, 20.12.2013, p.608

<[37]

[9]>

2 OJ No. L.215, of 30.7.92, p.91.

3 OJ No. L.160, of 26.6.99, p.80.

<[9]

[40]>

[21]>

4 OJ No. L223, 15 August 2006, p.1

<[21]

<[40]

[40]>

4 OJ No. L149, 20.5.2014, p.1

<[40]

5OJ No. L277 of 21 October 2005, p.1

<[4]

[1]

[-] [+]

Substituted by FA98 s72(1)(a)(i). This section shall apply as respects a disposal of an asset on or after the 6th day of April, 1998.

[2]

[-] [+]

Substituted by FA98 s72(1)(a)(ii). This section shall apply as respects a disposal of an asset on or after the 6th day of April, 1998.

[3]

[+]

Inserted by FA98 s72(1)(a)(iii). This section shall apply as respects a disposal of an asset on or after the 6th day of April, 1998.

[4]

[+] [+]

Inserted by FA98 s72(1)(b). This section shall apply as respects a disposal of an asset on or after the 6th day of April, 1998.

[5]

[-] [+] [-] [+] [-] [+]

Substituted by FA00 s85. Applies as respects disposals made on or after 1 December 1999.

[6]

[-] [+]

Substituted by FA01 sched5.

[7]

[-] [+] [-] [+]

Substituted by FA01 sched5.

[8]

[-] [+]

Substituted by FA02 s59.

[9]

[-] [+] [-] [+]

Substituted by FA03 s68(1)(a). This is deemed to have applied as respects a disposal of an asset on or after 27 November 2000.

[10]

[-] [+]

Substituted by FA03 s68(1)(b). Applies as respects a disposal of an asset on or after 6 February 2003.

[11]

[+]

Inserted by FA03 s68(1)(c). Applies as respects a disposal of an asset on or after 6 February 2003.

[12]

[-] [+] [-] [+] [-] [+]

Substituted by FA03 s68(1)(d). Applies as respects a disposal of an asset on or after 6 February 2003.

[13]

[+]

Inserted by FA06 s70(1)(a)(i).

[14]

[+] [+]

Inserted by FA06 s70(1)(a)(ii).

[15]

[+]

Inserted by FA06 s70(1)(a)(iii).

[16]

[+]

Inserted by FA06 s70(1)(b).

[17]

[-]

Deleted by FA07 s52(1)(a)(i)(I). Applies as respects disposals made on or after the date of 2 April 2007

[18]

[-] [+]

Deleted by FA07 s52(1)(a)(i)(I). Applies as respects disposals made on or after the date of 2 April 2007

[19]

[+]

Inserted by FA07 s52(1)(a)(i)(II). Applies as respects disposals made on or after the date of 2 April 2007

[20]

[-] [+] [-] [+] [-] [+]

Substituted by FA07 s52(1)(a)(ii). Applies as respects disposals made on or after 1 January 2007.

[21]

[+] [+]

Inserted by FA08 s54(1)(a)(i). With effect from 1 May 2008 as per SI No. 105 of 2008.

[22]

[+]

Inserted by FA08 s54(1)(a)(ii). Applies to disposals made on or after 31 January 2008.

[23]

[-]

Deleted by F(No.2)A08 sched6(1)(b)(i). This paragraph is deemed to have come into force and have taken effect as respects a disposal of an asset on or after 13 June 2007.

[24]

[+]

Inserted by F(No.2)A08 sched6(1)(b)(i). This paragraph is deemed to have come into force and have taken effect as respects a disposal of an asset on or after 13 June 2007.

[25]

[+]

Inserted by F(No.2)A08 sched6(1)(b)(ii). This paragraph is deemed to have come into force and have taken effect as respects a disposal of an asset on or after 13 June 2007.

[26]

[+]

Inserted by FA10 s58(1). This section applies to disposals made on or after 4 February 2010.

[27]

[-] [+]

Substituted by F(No.3)A11 sched1(158).

[28]

[+]

Inserted by F(No.3)A11 sched1(159).

[30]

[-] [+]

Substituted by F(No.3)A11 sched1(161).

[31]

[-] [+]

Substituted by FA12 s59. Deemed to have come into force and takes effect on and from 1 January 2012.

[32]

[-] [+]

Substituted by FA12 sched4(part2)(g).

[33]

[-] [+]

Substituted by F(No.2)A13 s43(1). Applies to disposals made on or after 1 January 2014.

[34]

[-]

Deleted by FA14 s45(1)(a). Applies to disposals giving rise to a clawback of relief under section 598, 599 or 611 where such disposals are made on or after 23 December 2014.

[35]

[-] [+]

Substituted by FA14 s50(1)(a). Applies to disposals made on or after 1 January 2015.

[36]

[+]

Inserted by FA14 s50(1)(b). Applies to disposals made on or after 1 January 2015.

[37]

[-] [+] [-] [+]

Substituted by FA14 sched3(1)(e). Has effect as respects disposals made on or after 1 January 2015.

[38]

[+]

Inserted by FA15 s19(1)(a). Comes into operation on 1 January 2016.

[39]

[-] [+] [-] [+]

Substituted by FA15 s19(1)(b). Comes into operation on 1 January 2016.

[40]

[-] [+] [-] [+]

Substituted by FA16 s28(1). Comes into operation on such day as the Minister for Finance, with the consent of the Minister for Agriculture, Food and the Marine, may, by order, appoint.

[41]

[-] [+]

Substituted by FA17 s30(2)(a). Comes into operation on 2 November 2017.

[42]

[+]

Inserted by FA17 s30(2)(b). Comes into operation on 2 November 2017.

[43]

[+]

Inserted by FA17 s30(2)(c). Comes into operation on 2 November 2017.

[44]

[+]

Inserted by FA17 s34(1). Applies to disposals made on or after 1 January 2018.

[45]

[+]

Inserted by FPCovid22 s15(1)(b). Comes into operation on such day or days as the Minister may appoint by order or orders either generally or with reference to any particular purpose or provision and different days may be so appointed for different purposes or different provisions.