Seanad debates

Tuesday, 25 March 2003

Finance Bill 2003 [ Certified Money Bill ] : Second Stage.

 

Certain tax rules, which, at present, allow individuals to avoid a capital gains tax charge by selling assets during a period of temporary residence abroad, are being changed. Section 69 accordingly imposes a capital gains tax charge in such circumstances. Section 70 ensures that a person receiving a payment under a non-competition agreement is liable to tax.

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