Finance Act 2025
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Amendment of section 835AY of Principal Act (interpretation (Part 35D)) | ||
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48. (1) Section 835AY of the Principal Act is amended, in subsection (1)— | ||
(a) in the definition of “large scale asset”— | ||
(i) in paragraph (i), by the substitution of “section 835AAA(1),” for “section 835AAA(1), or”, and | ||
(ii) by the insertion of the following paragraphs after paragraph (j): | ||
“(k) an electricity transmission infrastructure development, a strategic gas infrastructure development or a strategic infrastructure development, each within the meaning of Part 4 of the Act of 2024, in respect of which a decision to grant permission has been made under section 123 of that Act, or | ||
(l) a large-scale residential development, within the meaning of Part 4 of the Act of 2024, in respect of which a decision to grant permission was made under section 98 or 109 of that Act,”, | ||
and | ||
(b) by the insertion of the following definition: | ||
“ ‘Act of 2024’ means the Planning and Development Act 2024 ;”. | ||
(2) Subsection (1) shall come into operation on such day as the Minister for Finance may appoint by order. |