Link Report

This report lists all the outbound links from Section 719 under the heading Links from Section 719.

Sections and schedules within TaxSource Total linking to Section 719 are listed under Links to Section 719 (from within TaxSource Total).

The report applies to the latest version of the legislation. Links in repealed sections of the legislation are not listed.

Links from Section 719
Act Linked to Context

Taxes Consolidation Act, 1997

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(ii) the numerator is the average of such of the opening and closing liabilities within subparagraph (i) as are liabilities of business the profits of which are not charged to tax under Case I or IV of Schedule D, and

Taxes Consolidation Act, 1997

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(I) the average of such of the opening and closing liabilities within subparagraph (i) as are liabilities of business the profits of which are not charged to tax under Case I or IV of Schedule D, and

Taxes Consolidation Act, 1997

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(i) where none, or only an insignificant proportion, of the liabilities of the life business are with-profits liabilities, the part of that reserve which bears to the whole the same proportion as the amount of the liabilities of business, the profits of which are not charged to tax under Case I or IV of Schedule D, which are not linked liabilities bears to the whole amount of the liabilities of the life business which are not linked liabilities, and

Taxes Consolidation Act, 1997

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(ii) in any other case, the part of that reserve which bears to the whole the same proportion as the amount of the with-profits liabilities of business, the profits of which are not charged to tax under Case I or IV of Schedule D, bears to the whole amount of the with-profits liabilities of the life business.

Taxes Consolidation Act, 1997

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(ii) assets which are strips within the meaning of section 55,

Taxes Consolidation Act, 1997

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(6) For the purposes of this section, in applying section 557 to the computation of gains accruing to an assurance company on the disposal, on the day on which an accounting period of the company ends, of assets which are not linked solely to life assurance business (excluding pension business, general annuity business or special investment business) (excluding pension business, general annuity business or special investment business), the company shall be deemed to have acquired all of the assets of its life business fund, other than the assets it acquired in that accounting period, at their respective market values on the day immediately before the day on which that period began.

Taxes Consolidation Act, 1997

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(a) (i) assets to which section 607 applies, other than, with effect as on and from the 26th day of March, 1997, where such assets are held in connection with a contract or other arrangement which secures the future exchange of the assets for other assets to which that section does not apply, and

Taxes Consolidation Act, 1997

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“foreign life assurance fund” has the same meaning as in section 718;

Taxes Consolidation Act, 1997

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(1) In this section and in section 720—

Links to Section 719 (from within TaxSource Total)
Act Linked from Context

Taxes Consolidation Act, 1997

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(9) In determining for the purposes of this Schedule whether an allowable loss accruing to a company on a disposal under section 719 or section 738(4)(a) is a loss that accrued before the company became a member of the relevant group, the provisions of section 720 or section 738(4)(b), as the case may be, shall be disregarded.

Taxes Consolidation Act, 1997

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“life business fund” has the meaning assigned to it in section 719;

Taxes Consolidation Act, 1997

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(I) in case of an assurance company, section 719(2) shall apply in respect of the debt as if, for this purpose only, the deemed disposal day was the day on which an accounting period of the company ends and the chargeable gain or allowable loss thereby accruing shall be included in the net amount (within the meaning of section 720) in respect of the accounting period in which the deemed disposal day falls, and

Taxes Consolidation Act, 1997

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(II) as are not part of a life business fund within the meaning of section 719,

Taxes Consolidation Act, 1997

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(c) to disposals, including deemed disposals, of shares which are part of a life business fund within the meaning of section 719,

Taxes Consolidation Act, 1997

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apply as if paragraph 24 of Schedule 32, section 719, section 723(7)(a) and paragraph (a)(ii) had not been enacted,

Taxes Consolidation Act, 1997

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720 Gains or losses arising by virtue of section 719.

Taxes Consolidation Act, 1997

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(1) Subject to subsections (2) to (4), chargeable gains or allowable losses which would otherwise accrue on disposals deemed by virtue of section 719 to have been made in a company’s accounting period (other than a period in which the company ceased to carry on life business) shall be treated, subject to paragraphs (b) and (c), as not accruing to the company, but instead—

Taxes Consolidation Act, 1997

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(2) As respects chargeable gains or allowable losses accruing on disposals of rights under reinsurance contracts (within the meaning of section 594(4)) deemed by virtue of section 719 to have been made in the accounting period or part of an accounting period falling wholly within the year ending on—

Taxes Consolidation Act, 1997

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(5) Where in an accounting period a company incurs a loss on the disposal (in this subsection referred to as the “first-mentioned disposal”) of an asset the gain or loss in respect of a deemed disposal of which was included in a net amount to which subsection (1)(b) applied for any preceding accounting period, then, so much of the allowable loss on the first-mentioned disposal as is equal to the excess of the amount of the loss over the amount which, if section 719 had not been enacted, would have been the allowable loss on the first-mentioned disposal shall be treated for the purposes of this section as an allowable loss which would otherwise accrue on disposals deemed by virtue of section 719 to have been made in the company’s accounting period.

Taxes Consolidation Act, 1997

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(5) Where in an accounting period a company incurs a loss on the disposal (in this subsection referred to as the “first-mentioned disposal”) of an asset the gain or loss in respect of a deemed disposal of which was included in a net amount to which subsection (1)(b) applied for any preceding accounting period, then, so much of the allowable loss on the first-mentioned disposal as is equal to the excess of the amount of the loss over the amount which, if section 719 had not been enacted, would have been the allowable loss on the first-mentioned disposal shall be treated for the purposes of this section as an allowable loss which would otherwise accrue on disposals deemed by virtue of section 719 to have been made in the company’s accounting period.