Qualifying Trades
31/12/1988
Query
Where IDA employment grant given to Co.A re: certain services, such services subsequently taken over by Co. B - would this be regarded as a"qualifying trade" within meaning of Sect. 496
Decision
It would be regarded as a "qualifying trade" within meaning of section 496
Income Tax
Section 496, Taxes Consolidation Act, 1997
Origin: Direct Taxes International and Administration
File ref:7148/88