Finance (No. 2) Bill 2023: Report and Final Stages
Dail Éireann — 2023-11-22
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Michael McGrath (FF), Cork South-Central

I move amendment No. 68:
In page 75, between lines 20 and 21, to insert the following:
“(13) (a) Where a relevant loan is deemed to be repaid, in whole or in part, under paragraph (b), then no deduction shall be available under subsection (4) in respect of any external interest arising after the deemed repayment on the portion of the external loan, represented by the amount that has been paid to the qualifying financing company, which is, or was, matched to the relevant loan.
(b) For the purposes of paragraph (a), a relevant loan shall be deemed to be repaid, in whole or in part, where it is reasonable to consider that a payment has been made to the qualifying financing company by the indirect qualifying subsidiary, whether directly or indirectly, and the amount has not been applied by the qualifying financing company in repaying the external loan.”,

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2023-11-22/debate/main
Retrieved: 2026-08-14T04:52:26+00:00
Sitting date: 2023-11-22