Loans to acquire interest in a company
02/05/1986
Query
Whether cessation of the trade by the company would result in the relief being withdrawn
Decision
Not in itself, however unless trading was resumed within a reasonable period the individual would be unable to satisfy the requirements of subsection (2) (b) and relief would be withdrawn.
Corporation Tax
Section 248, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:CTF 203A1
03/08/1990
Query
Whether a "company" for Section 247 subsection (2) (a) (i) must be resident in the State or within the charge to irish tax
Decision
No
Corporation Tax
Section 247, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:CTF89/3006
10/08/1992
Query
Whether the cessation of a trading activity by the company in which shares have been acquired triggers withdrawal of the relief
Decision
No
Corporation Tax
Section 247, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:CTF203