No 39 of 1997, Section 627, Link Report

Links from Section 627
Act	Linked to	Context
	unresolved	"Directive" means Council Directive (EU) 2016/1164 of 12 July 2016 1 laying down rules against tax avoidance practices that directly affect the functioning of the internal market;
	unresolved	1 OJ No. L193, 19.7.2016, p.1
Taxes Consolidation Act, 1997	sec0013.html	"designated area", "exploration or exploitation activities" and "exploration or exploitation rights" have the same meanings respectively as in section 13;
Taxes Consolidation Act, 1997	sec0028.html	(4)(a) Tax shall, notwithstanding subsection (3) of section 28, be chargeable at the rate of 12.5 per cent in respect of chargeable gains accruing on a disposal of assets to which subsection (2) applies (in paragraph (b) referred to as a "deemed disposal of an asset"), but this is subject to paragraph (b).
Taxes Consolidation Act, 1997	sec0028.html	(b) A chargeable gain accruing on a deemed disposal of an asset arising from the occurrence of an event referred to in subsection (2) shall be chargeable at the rate specified in subsection (3) of section 28 where the event forms part of a transaction to dispose of the asset and the purpose of the transaction is to ensure the chargeable gain accruing on the disposal of the asset is charged to tax at the rate specified in paragraph (a) rather than the rate specified in subsection (3) of section 28.
Taxes Consolidation Act, 1997	sec0028.html	(b) A chargeable gain accruing on a deemed disposal of an asset arising from the occurrence of an event referred to in subsection (2) shall be chargeable at the rate specified in subsection (3) of section 28 where the event forms part of a transaction to dispose of the asset and the purpose of the transaction is to ensure the chargeable gain accruing on the disposal of the asset is charged to tax at the rate specified in paragraph (a) rather than the rate specified in subsection (3) of section 28.
Taxes Consolidation Act, 1997	sec0029.html	(b) For the purposes of subsection (2), paragraph (c) of section 29(3) shall apply as if the reference in that paragraph to a trade were to a business and as if the references to a branch or agency were to a permanent establishment.
Taxes Consolidation Act, 1997	sec0029.html	(3)(a) In this subsection "relevant assets" has the same meaning as in section 29(1A)(a).
Taxes Consolidation Act, 1997	sec0029.html	(ii) assets referred to in section 29(3)(d).
Taxes Consolidation Act, 1997	sec0029.html	(c)Section 29(1A)(c) shall apply in calculating the portion of the value of shares attributable directly or indirectly to relevant assets.
Taxes Consolidation Act, 1997	sec0597.html	"the new assets" and "the old assets" have the meanings respectively assigned to them by section 597;
Taxes Consolidation Act, 1997	sec0597.html	(5)Section 597 shall not apply where a company referred to in subsection (2)(c)—
Taxes Consolidation Act, 1997	sec0628.html	(1)(a) In this section and in sections 628 and 629:
Taxes Consolidation Act, 1997	sec0629.html	(1)(a) In this section and in sections 628 and 629:
Taxes Consolidation Act, 1997	sec0811C.html	(c) In this subsection "transaction" has the meaning assigned to it by section 811C.
Links to Section 627 (from within TaxSource Total)
Act	Linked from	Context
Taxes Consolidation Act, 1997	sec0626B.html	(e) to deemed disposals under section 627.
Taxes Consolidation Act, 1997	sec0628A.html	“relevant tax” means tax payable, other than tax in respect of the amount of any postponed gain under section 628, which but for section 627 would not be payable by a migrating company for a chargeable period;
Taxes Consolidation Act, 1997	sec0629.html	"migration date" means the date on which a disposal is deemed to have been made by virtue of section 627(2);
Taxes Consolidation Act, 1997	sec0629.html	(3) Subsection (2) shall not apply to assets referred to in section 627(2) which have been transferred to a third country unless that country is a party to the EEA Agreement and has concluded an agreement with the State or the European Union equivalent to the mutual assistance provided for in the 2010 Directive.
Taxes Consolidation Act, 1997	sec0629.html	(6) Notwithstanding subsections (2) and (4), if, with respect to the company referred to in section 627(2), any of the events specified in subsection (7) occurs, then any amount of tax which has not been paid at the time of the event, and any interest charged on that amount in accordance with subsection (9), shall become due and payable on the occurrence of that event.
Taxes Consolidation Act, 1997	sec0629.html	(a) the assets referred to in section 627(2) are sold or otherwise disposed of;
Taxes Consolidation Act, 1997	sec0629.html	(b) the assets referred to in section 627(2) are transferred to a third country, but this is subject to subsection (8);
Taxes Consolidation Act, 1997	sec0629.html	(i) a company which is or, during the period of 12 months ending with the date when tax became due and payable, was a member of the same group (within the meaning of section 629A(1)) as a company to which section 627(2) applies, or
Taxes Consolidation Act, 1997	sec0629.html	(ii) a person who is, or during the period mentioned in subparagraph (i) was, a controlling director (within the meaning of section 629A(1)) of a company to which section 627(2) applies,
Taxes Consolidation Act, 1997	sec0629A.html	"tax" means corporation tax or capital gains tax chargeable by virtue of section 627(2);
Taxes Consolidation Act, 1997	sec0629A.html	"taxpayer company" means a company which is chargeable to tax by virtue of section 627(2).
Taxes Consolidation Act, 1997	sec0629B.html	(2) This section is without prejudice to the generality of the Interpretation Act 2005 and, in particular, section 27 of that Act as that section relates to a liability arising under the section 627 or 628 that was contained in this Chapter before 10 October 2018.