(1) THAT, as respects the application of section 985 of the Taxes Consolidation Act 1997 (No. 39 of 1997) to certain perquisites, section 985A of that Act be amended—

(a) in subsection (1A) by substituting "Subject to subsection (IB), subsection (1)" for "Subsection (1)", and

(b) by inserting the following after subsection (1A):

"(IB) Subsection (1A) shall not apply to shares or stock referred to in that subsection received on or after 1 January 2011.".

(2) IT is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act 1927 (No. 7 of 1927).