Simon Harris (Wicklow, Fine Gael) | Oireachtas source

I move amendment No. 26:

In page 33, to delete lines 31 to 37 and substitute the following:“(c) The assumption referred to in paragraph (b) is that, where a transfer amount has been applied to provide a retirement benefit for or in
respect of the non-member, each party’s share of the retirement benefit arising under the benefit crystallisation event giving rise to
the tax shall be determined as follows:
(i) in the case of the non-member—
(I) where the relevant pension arrangement referred to in paragraph (a) is a defined benefit arrangement and is the arrangement in respect of which the pension adjustment order has been made, it shall be the designated benefit on which the transfer amount was calculated, and
(II) in any other case, it shall be the transfer amount,
and
(ii) in the case of the relevant member, it shall be an amount equivalent to the amount determined by the formula—A — B where—
A is the retirement benefit arising under the benefit crystallisation event giving rise to the tax, and B is the non-member’s share determined in accordance with clause (I) or (II), as the case may be, of subparagraph (i).”.