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Taxes Consolidation Act, 1997 (Number 39 of 1997)


769M Anti-avoidance.

Qualifying expenditure on the qualifying asset and overall income from the qualifying asset shall not include any amount unless that amount is expended or received for bona fide commercial purposes and is not part of a scheme or arrangement the main purpose, or one of the main purposes, of which is the avoidance of tax.




Inserted by FA15 s32(1)(a). Comes into operation on 1 January 2016.