TCA 1997, s 597AA provides for a reduced 10% CGT rate up to a lifetime limit of EUR1 million of gains made on the disposal of chargeable assets (including Irish situate property) in use for the purposes of a trade carried on by an unincorporated entity or a company and the following conditions are met:
| Condition | Details |
| The property is used for the purposes of a qualifying business | A qualifying business is essentially any business other than one that consists of the holding of investments, the holding of development land or the development |
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