IBA - property occupied by tenant of sublessee
04/04/1996
Query
Whether IBA due where property occupied by tenant of lessee who carries on qualifying trade - lessee does not carry on such a trade.
Decision
IBA not due unless the lessee is IDA, SFADCO or Udaras na Gaeilge. Otherwise, the trade to be considered is that carried on by the lessee who must occupy it for the purposes of that trade
Income Tax
Section 271, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT962002