Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I move amendment No. 51:

In page 62, to delete lines 15 to 28 and substitute the following: “ “(4) Where this section applies and the lessor is a company, the amount to be included in the income of the lessor in respect of a relevant lease shall be -

(a) where the relevant lease is a finance lease, the amount of income from such a lease computed in accordance with generally accepted accounting practice, or

(b) where the relevant lease is an operating lease, the amount of income from such a lease as would be computed in accordance with generally accepted accounting practice if the relevant lease was a finance lease.”.

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