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Special Committee Corporation Tax Bill, 1975 debate -
Tuesday, 2 Mar 1976

SECTION 150.

Question proposed: " That section 150 stand part of the Bill."

This section has provisions corresponding to those in relation to income tax which are contained in section 23 of the Finance (Miscellaneous Provisions) Act, 1968. It permits a property development company to postpone payment of corporation tax where the company's profits include a sum representing the value of the company's right to obtain a lease back of property which it has sold.

It is continuing certain things? There is no cut back or anything on it? It is the same as it was?

Question put and agreed to.
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