Results 1-2 of 2 for nama segment:7205454
- Written Answers — Department of Finance: Tax Code (7 Sep 2018)
John Curran: 155. To ask the Minister for Finance if the 2009 cap which applied to banks that had transferred assets to NAMA restricting their use of deferred tax assets to 50% of their corporation tax, which was removed in 2014, will be reintroduced; and if he will make a statement on the matter. [36540/18]
- Written Answers — Department of Finance: Tax Code (7 Sep 2018)
Paschal Donohoe: Section 396C of the Taxes Consolidation Act 1997 previously restricted the amount of losses, as incurred by a NAMA participating institution from its trading operations in prior years, which could be set off against trading profits in the current year. The relief was limited to a maximum of 50% of the trading profits for each accounting period. This restriction was removed in Finance Bill...