Taxes Consolidation Act 1997 section 508D

Confirmation of compliance with certain conditions

Section 508D allows a qualifying company to apply to Revenue for confirmation that key conditions for relief have been met before issuing a statement of qualification.

• Before issuing a statement of qualification, a company may apply to Revenue for confirmation that certain conditions are satisfied in respect of an investment in eligible shares.
• The conditions that may be confirmed are the requirement that the company is not a company in difficulty and the business plan and related conditions in section 496(4) to (7).
• The application takes the form of a statement made by the company to Revenue setting out all relevant facts and circumstances.
• The statement must be in such form as Revenue directs.