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Taxes Consolidation Act, 1997 (Number 39 of 1997)


697K General exclusion of investment income.

(1) Income from investments shall not be relevant shipping income, and for this purpose “income from investments” includes any income chargeable to tax under Case III, IV or V of Schedule D or under Schedule F.

(2) To the extent that an activity gives rise to income from investments it shall not be regarded as part of a company’s tonnage tax activities.

(3) Subsection (1) shall not apply to income that is relevant shipping income under [2]>sections 697H and 697I or to income that is relevant shipping income by virtue of paragraph (m) of the definition of “relevant shipping income”.<[2][2]>sections 697H.<[2]




Inserted by FA02 s53(1). FA03 s62 amends FA03 s53 to provide that Part 24A will take effect from the date of passing of FA03, 28 March 2003.


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Substituted by FA07 sched4(1)(t). Apply to accounting periods ending on or after 1 January 2007.