| Links from Section 514 | ||
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| Act | Linked to | Context |
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Taxes Consolidation Act, 1997 |
(c) the conditions in Part 3 of Schedule 11 shall be treated as fulfilled with respect to any new shares if those conditions were (or were treated as) fulfilled with respect to the corresponding shares. |
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Taxes Consolidation Act, 1997 |
(b) Nothing in this Chapter shall affect the application of section 130(2)(c) or 132(2). |
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Taxes Consolidation Act, 1997 |
(3) (a) Where shares are issued as part of a company reconstruction in circumstances such that section 131(2) applies, those shares shall be treated for the purposes of this section as not forming part of the new holding. |
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Taxes Consolidation Act, 1997 |
(b) Nothing in this Chapter shall affect the application of section 130(2)(c) or 132(2). |
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Taxes Consolidation Act, 1997 |
(5) In relation to shares comprised in the new holding, section 512(1) shall apply as if the references in that section to the initial market value of the shares were references to their locked-in value immediately after the company reconstruction, which shall be determined by— |
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Taxes Consolidation Act, 1997 |
according to their market value immediately after the date of the reconstruction, and section 512(1)(a) shall apply only to capital receipts after the date of the reconstruction. |
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Taxes Consolidation Act, 1997 |
(6) For the purposes of this Chapter, where as part of a company reconstruction the trustees become entitled to a capital receipt (within the meaning of section 513), their entitlement to the capital receipt shall be taken to arise before the new holding comes into being and, for the purposes of subsection (5), before the date on which the locked-in value of any shares comprised in the original holding falls to be ascertained. |
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Taxes Consolidation Act, 1997 |
(2) This section shall apply where there occurs in relation to any of a participant’s shares (in this section referred to as “the original holding”) a transaction (in this section referred to as a “company reconstruction”) which results in a new holding (within the meaning of section 584) being equated with the original holding for the purposes of capital gains tax. |
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Taxes Consolidation Act, 1997 |
(7) In relation to a new holding, any reference in this section to shares includes securities and rights of any description which form part of the new holding for the purposes of section 584. |
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| Links to Section 514 (from within TaxSource Total) | ||
| Act | Linked from | Context |
|
Taxes Consolidation Act, 1997 |
(a) subject to any direction referred to in section 513(3), to pay over to the participant any money or money’s worth received by them in respect of, or by reference to, any of the participant’s shares, other than money consisting of a sum referred to in section 511(4)(c) or money’s worth consisting of new shares within the meaning of section 514, and |
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Taxes Consolidation Act, 1997 |
(b) subject to section 514, any reference to a participant’s shares is a reference to the shares which have been appropriated to the participant by the trustees of an approved scheme. |
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Taxes Consolidation Act, 1997 |
(1) Subject to sections 514 and 515(6), any reference in this Chapter to the locked-in value of any of a participant’s shares at any time shall be construed as follows: |
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Taxes Consolidation Act, 1997 |
(c) it consists of new shares within the meaning of section 514. |
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Taxes Consolidation Act, 1997 |
(7) Where there has been a company reconstruction to which section 514 applies, a new share (within the meaning of that section) shall be treated as an excess share or unauthorised share if the corresponding share (within the meaning of that section) or, if there was more than one corresponding share, each of them was an excess share or an unauthorised share. |
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