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Taxes Consolidation Act, 1997 (Number 39 of 1997)


835AAH. Group ratio

(1) Subject to section 835AAJ(2) and (3), where the group ratio exceeds 30 per cent for an accounting period of a relevant entity, the relevant entity may make an election under this subsection.

(2) Where a relevant entity makes an election under subsection (1), the definition of “allowable amount” in section 835AY(2) shall, for the purposes of the application of this Part to the relevant entity for the accounting period concerned, be subject to the modification that the reference in that definition to the EBITDA limit shall be construed as a reference to the group ratio of the relevant entity for that accounting period.




Inserted by FA21 s31(3). Comes into operation on 1 January 2022.