Taxes Consolidation Act, 1997. - Houses of the Oireachtas

Sch.9[No. 39.] Taxes Consolidation Act, 1997. [1997.]Information8. Any person in whose name any shares or securities of a companyare registered shall, if required by notice in writing by aninspector given for the purposes of section 401 or 679(4), statewhether or not that person is the beneficial owner of those shares orsecurities or any of them and, if that person is not the beneficialowner of those shares or securities or any of them, that person shallfurnish the name and address of the person or persons on whosebehalf those shares or securities are registered in that person’s name.Section 507.[FA84 Sch2; FA87s12(2); FA91s15(2)]SCHEDULE 10Relief for Investment in Corporate Trades: SubsidiariesFinance for trade of subsidiary1. The shares issued by the qualifying company may, instead of oras well as being issued for the purpose mentioned in section489(1)(b), be issued for the purpose of raising money for a qualifyingtrade being carried on by a subsidiary or which such a subsidiaryintends to carry on and, where shares are so issued, paragraph (b) ofthe definition of ‘‘relevant period’’ in section 488(1) and subsections(1)(c), (7), (8) and (11) of section 489 shall apply as if references tothe company were or, as the case may be, included references to thesubsidiary.Individuals qualifying for relief2. (1) In subsections (2), (4) and (6) of section 493, references to acompany (except in each subsection the first such reference) includereferences to a company which is during the relevant period a subsidiaryof that company, whether it becomes a subsidiary before, duringor after the year of assessment in respect of which the individualconcerned claims relief and whether or not it is such a subsidiarywhile he or she is a partner, director or employee mentioned in subsection(2) of section 493 or while he or she has or is entitled toacquire such capital or voting power or rights as are mentioned insubsections (4) and (6) of that section.(2) Without prejudice to section 493 as it applies in accordancewith subparagraph (1), an individual shall be treated as connectedwith a company if—(a) he or she has at any time in the relevant period had control(within the meaning of section 11) of another companywhich has since that time and before the end of the relevantperiod become a subsidiary of the company, or(b) he or she directly or indirectly possesses or is entitled toacquire any loan capital of a subsidiary of that company.(3) Subsections (5) and (9) of section 493 shall apply for the purposesof this paragraph.Value received3. (1) In sections 499(9) and 501(5), references to the receipt ofvalue from the company shall include references to the receipt ofvalue from any company which during the relevant period is a subsidiaryof the company, whether it becomes a subsidiary before or1398