Finance Act 2017 amendments to S135 TCA 1997
Finance Act 2017 was signed into law by the Irish President on 25 December 2017.
One important anti-avoidance amendment introduced by FA 2017 relates to what constitutes a distribution for Irish tax purposes. It is widely believed that the provisions of this amendment could impact adversely on the feasibility of several important categories of corporate transaction, including management buy-outs ("MBOs"), corporate restructurings and other means by which investors and business owners may wish to exit or otherwise restructure their businesses.
You can read our full article on the effect of these amendments here.