Taxes Consolidation Act, 1997 (Number 39 of 1997)

37 Securities of certain State-owned companies.[FA97 s144]

(1) In this section, “securities” means any bonds, certificates of charge, debentures, debenture stock, notes, stock or other forms of security.

(2) The securities specified in the Table to this section shall be deemed to be securities issued under the authority of the Minister for Finance under section 36
, and that section shall apply accordingly.

(3) Notwithstanding anything in the Tax Acts, in computing for the purposes of assessment under Schedule D the amount of the profits or gains of a company (being a company referred to in the Table to this section) for any accounting period, the amount of the interest on any securities which, by direction of the Minister for Finance given under section 36
, as applied by subsection (2), is paid by the company without deduction of tax for such period shall be allowed as a deduction.

TABLE

[2]>

Securities issued by ACC Bank plc.
<[2]

Securities issued on or after the 13th day of July, 1954, by the Electricity Supply Board.

Securities issued on or after the 13th day of July, 1954, by Córas Iompair Éireann.

Securities issued on or after the 18th day of July, 1957, by Bord na Móna.

[4]>

Securities issued on or after the 2nd day of July, 1964, by Aer Lingus, Teoranta.
<[4]

Securities issued on or after the 2nd day of July, 1964, by [5]>Aer Rianta, Teoranta<[5]
[5]>Dublin Airport Authority<[5].

[6]>

Securities issued on or after the 2nd day of July, 1964, by Aerlínte Éireann, Teoranta.
<[6]

[3]>
Securities issued on or after the 25th day of May, 1988, by Bord Telecom Éireann.
<[3]

[3]>
Securities issued on or after the 25th day of May, 1988, by Irish Telecommunications Investments plc.
<[3]

Securities issued on or after the 24th day of May, 1989, by Radio Telefís Éireann.

[1]>

Securities issued on or after the 24th day of May, 1989, by ICC Bank plc.
<[1]

Securities issued on or after the 28th day of May, 1992, by Bord Gáis Éireann.

[8]>Securities issued on or after the 23rd day of October 2014 by the company established pursuant to section 5 of the Gas Regulation Act 2013.<[8]

[7]>
Securities issued on or after the 24th day of October 2013 by Irish Water.
<[7]

TABLE
^[2]> Securities issued by ACC Bank plc. ^<[2]
Securities issued on or after the 13th day of July, 1954, by the Electricity Supply Board.
Securities issued on or after the 13th day of July, 1954, by Córas Iompair Éireann.
Securities issued on or after the 18th day of July, 1957, by Bord na Móna.
^[4]> Securities issued on or after the 2nd day of July, 1964, by Aer Lingus, Teoranta. ^<[4]
Securities issued on or after the 2nd day of July, 1964, by ~~^[5]>Aer Rianta, Teoranta^<[5]~~ ^[5]>Dublin Airport Authority^<[5].
^[6]> Securities issued on or after the 2nd day of July, 1964, by Aerlínte Éireann, Teoranta. ^<[6]
^[3]> Securities issued on or after the 25th day of May, 1988, by Bord Telecom Éireann. ^<[3]
^[3]> Securities issued on or after the 25th day of May, 1988, by Irish Telecommunications Investments plc. ^<[3]
Securities issued on or after the 24th day of May, 1989, by Radio Telefís Éireann.
^[1]> Securities issued on or after the 24th day of May, 1989, by ICC Bank plc. ^<[1]
Securities issued on or after the 28th day of May, 1992, by Bord Gáis Éireann.
^[8]>Securities issued on or after the 23rd day of October 2014 by the company established pursuant to section 5 of the Gas Regulation Act 2013.^<[8]
^[7]> Securities issued on or after the 24th day of October 2013 by Irish Water. ^<[7]

[1]

[-]

Repealed by ICC BA 00 s7 and ICC BA00 (Sections 5 and 7) (Commencement) Order 2001. With effect from 12 February 2001 per SI 46 of 2001.

[2]

[-]

Repealed by ACC BA 01 s12. With effect from 28 February 2002 per SI 69 of 2002.

[3]

[-] [-]

Deleted by FA01 s241(1)(a). Has effect as respects any securities issued by Bord Telecom Éireann or Irish Telecommunications Investments plc. on or after 15 February 2001.

[4]

[-]

Deleted by FA08 sched8(1)(a)(i). Has effect as on and from 31 January 2008.

[5]

[-] [+]

Substituted by FA08 sched8(1)(a)(ii). Has effect as on and from 31 January 2008.

[6]

[-]

Deleted by FA08 sched8(1)(a)(iii). Has effect as on and from 31 January 2008.

[7]

[+]

Inserted by F(No.2)A13 s29(1)(a). Comes into operation on 1 January 2014.