| Links from Section 551 | ||
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| Act | Linked to | Context |
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Taxes Consolidation Act, 1997 |
(2) There shall be excluded from the consideration for a disposal of an asset taken into account in the computation under this Chapter of the gain accruing on that disposal any money or money’s worth charged to income tax as income of, or taken into account as a receipt in computing income, profits, gains or losses for the purposes of the Income Tax Acts of, the person making the disposal; but the exclusion from consideration under this subsection shall not be taken as applying to a computation in accordance with Case I of Schedule D for the purpose of restricting relief in respect of expenses of management under section 707. |
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Taxes Consolidation Act, 1997 |
(3) Subsection (2) shall not be taken as excluding from the consideration so taken into account any money or money’s worth taken into account in the making of a balancing charge under Part 9 or under Chapter 1 of Part 29. |
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Taxes Consolidation Act, 1997 |
(2) There shall be excluded from the consideration for a disposal of an asset taken into account in the computation under this Chapter of the gain accruing on that disposal any money or money’s worth charged to income tax as income of, or taken into account as a receipt in computing income, profits, gains or losses for the purposes of the Income Tax Acts of, the person making the disposal; but the exclusion from consideration under this subsection shall not be taken as applying to a computation in accordance with Case I of Schedule D for the purpose of restricting relief in respect of expenses of management under section 707. |
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Taxes Consolidation Act, 1997 |
(3) Subsection (2) shall not be taken as excluding from the consideration so taken into account any money or money’s worth taken into account in the making of a balancing charge under Part 9 or under Chapter 1 of Part 29. |
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Taxes Consolidation Act, 1997 |
(3) Subsection (2) shall not be taken as excluding from the consideration so taken into account any money or money’s worth taken into account in the making of a balancing charge under Part 9 or under Chapter 1 of Part 29. |
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| Links to Section 551 (from within TaxSource Total) | ||
| Act | Linked from | Context |
|
Taxes Consolidation Act, 1997 |
(5) Section 551 shall not be taken as authorising the exclusion of any amount from the consideration for a disposal of assets taken into account in the computation of the gain under Chapter 2 of Part 19 by reference to any amount chargeable to tax under section 75 and Chapter 8 of Part 4. |
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Taxes Consolidation Act, 1997 |
(2) Nothing in section 551 shall be taken as applying in relation to any amount on which tax is paid under section 99. |
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Taxes Consolidation Act, 1997 |
(5) Where by virtue of section 643(11) the person charged to tax is a person other than the person for whom the capital amount was obtained or the person by whom the gain was realised and the tax has been paid, then, for the purposes of sections 551 and 554, the person for whom the capital amount was obtained or the person by whom the gain was realised, as may be appropriate, shall be regarded as having been charged to the tax so paid. |
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Taxes Consolidation Act, 1997 |
(a) the reference in section 551(3) to a balancing charge included a reference to a balancing charge under this section, and |
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Taxes Consolidation Act, 1997 |
(b) The reference in section 551(2) to computing income or profits or gains or losses shall not be taken as applying to a computation of a company’s income for the purposes of subsection (4). |
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Taxes Consolidation Act, 1997 |
(ii) “the assets to which this subsection applies” are assets the gains from the disposal of which are chargeable to corporation tax by virtue of subsections (3) and (6) of section 29 together with assets the gains from the disposal of which would be so chargeable but for sections 551(, 607) and 613. |
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Taxes Consolidation Act, 1997 |
(2) So far as relates to an offshore income gain which arises on a material disposal (within the meaning of Part 1 of Schedule 20), subsections (3) and (4) shall apply in relation to the disposal for the purposes of the Capital Gains Tax Acts in substitution for section 551(2). |
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