| Links from Section 87B | ||
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| Act | Linked to | Context |
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Taxes Consolidation Act, 1997 |
“specified debt” means any debt incurred by an individual in respect of borrowed money employed in the purchase or development of land held as trading stock (within the meaning of section 89) of a specified trade; |
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Taxes Consolidation Act, 1997 |
(3) If, in any case referred to in subsection (2), the specified trade has been permanently discontinued or is treated for tax purposes as if it had been so discontinued, in a tax year before the release was effected, section 91 shall apply as if the amount released were a sum received after the discontinuance. |
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Taxes Consolidation Act, 1997 |
“specified trade” means a trade, or a business which is deemed to be a trade by virtue of section 640(2)(a), consisting of or including dealing in or developing land to which Chapter 1 of Part 22 applies; |
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| Links to Section 87B (from within TaxSource Total) | ||
| Act | Linked from | Context |
|
Taxes Consolidation Act, 1997 |
(c) For the purposes of paragraph (b), the date on which the whole or part of a debt is released shall be determined on the same basis as the release of the whole or part of a specified debt is treated as having been effected in section 87B(4). |
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Taxes Consolidation Act, 1997 |
(4) In computing the charge to tax in respect of sums received by any person which are chargeable to tax by virtue of this section (including amounts treated as sums received by such person by virtue of section 87or 87B), there shall be deducted from the amount which apart from this subsection would be chargeable to tax— |
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