Section 34 Stock, dividends or interest belonging to the State
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(1) No tax shall be chargeable in respect of the stock, dividends or interest transferred to accounts in the books of the Bank of Ireland in the name of the Minister for Finance in pursuance of any statute, but the Bank of Ireland shall transmit to the Revenue Commissioners an account of the total amount of such stock, dividends or interest.
Are securities held in the name of the Minister for Finance exempt from Schedule C?
(1) Schedule C tax is not payable on securities in the name of the Minister for Finance in the books of the Bank of Ireland, nor on any public revenue dividends paid into accounts in those books in the name of the Minister.
(2) No tax shall be chargeable in respect of the stock, dividends or interest belonging to the State in whatever name they may stand in the books of the Bank of Ireland.
