Brian Lenihan Jnr (Dublin West, Fianna Fail)

I move amendment No. 29:

In page 99, lines 23 to 28, to delete all words from and including "and" in line 23 down to and including "State,"," in line 28 and substitute the following:

", the Friends of the National Collections of Ireland, a local authority or a joint body within the meaning of section 2(1) of the Local Government Act 2001 and any university in the State,",".

This is a technical amendment. I propose to take both amendments together. The amendments correct a drafting error in section 59 of the Bill as amended on Committee Stage. That section amended section 611 of the 1997 Act which granted relief from capital gains tax to disposals to the State, charities and public bodies. Disposals to such bodies generally do not give rise to a liability to capital gains tax.

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