Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I move amendment No. 15:

In page 62, to delete lines 11 to 15 and substitute the following: "(f) in section 739O(1), by substituting "person, or connected persons within the meaning of section 10," for "person", and".

I was about to say that regardless of whether the locations are too broad or too narrow, the principle remains the same. The Deputy has withdrawn the amendment and I thank him for that.

Amendment No. 15 is a technical amendment to correct a drafting error in a Committee Stage amendment to the Irish real estate fund, IREF, provisions in section 29 of the Bill as published. An amendment was brought forward on Committee Stage to remove a proposed amendment to the holder of excessive rights provision in the Taxes Consolidation Act due to unintended consequences identified following the publication of the Bill. However, a drafting error has been identified in the Committee Stage amendment and this amendment, therefore, is required to fully remove the provision from the Bill. This will ensure the existing holder of excessive rights provision, as currently contained in the Taxes Consolidation Act, remains in force. I commend the amendment to the House.

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