Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

I move amendment No. 21:

In page 16, between lines 38 and 39, to insert the following:“(ii) by inserting the following after subsection (3):

“(3A) Notwithstanding subsection (3), where—

(a) in accordance with section 506, relief is due in respect of an amount subscribed between 1 January 2014 and 31 December 2014 as nominee for a qualifying individual by the managers of a designated fund, and

(b) the eligible shares in respect of which the amount is subscribed are issued between 1 January 2016 and 31 January 2016, the individual may elect by notice in writing to the inspector to have the relief due under subsection (2)(a) given as a deduction from his or her total income for the year of assessment in which the amount was subscribed to the designated fund instead of (as provided for in subsection (2)(a)) as a deduction from his or her total income for the year of assessment in which the shares are issued.",".