Disposal of Shares/Options
24/06/1991
Query
Where an individual disposes of shares in a company on the take-over of that company within the three year "relevant period", would the relief be withdrawn by virtue of this section?
Decision
Yes
Income Tax
Section 498 (3), Taxes Consolidation Act, 1997
Origin: Direct Taxes International and Administration
File ref:3584/87C
27/05/1992
Query
Would the existance of a CAP on dividends and assets on a winding up, and a put-call option offend this rule?
Decision
No. The existence of a CAP would not necessarily preclude the granting of approval but its bearing on other aspects of the case would need to be examined.
Income Tax
Section 498 (3), Taxes Consolidation Act, 1997
Origin: Direct Taxes International and Administration
File ref:1034/92