228 Income arising to designated bodies under the Securitisation (Proceeds of Certain Mortgages) Act, 1995.

[FA96 s39(1) and (2)]

Notwithstanding any provision of the Tax Acts, income arising to a body designated under section 4(1) of the Securitisation (Proceeds of Certain Mortgages) Act, 1995, shall be exempt from income tax and corporation tax.