(1) Section 835AVB of the Principal Act is amended -

(a) in subsection (1) -

(i) by the insertion of the following definitions:

"'EEA Agreement' means the Agreement on the European Economic Area signed at Oporto on 2 May 1992, as adjusted by all subsequent amendments to that Agreement;

'EEA state' means a state which is a contracting party to the EEA Agreement;

'foreign tax', in relation to a relevant territory, means a tax which -

(a) corresponds to corporation tax in the State,

(b) generally applies to income, profits and gains arising to a company that is resident for the purposes of tax in that territory, and

(c) is imposed at a nominal rate greater than zero per cent;

'investment limited partnership' means a partnership authorised in accordance with the Investment Limited Partnerships Act 1994;

'listed territory' has the same meaning as it has in section 835YA;

'relevant company', in relation to an investment limited partnership, means a company -

(a) which is a direct or indirect asset of the investment limited partnership,

(b) in which the partners of the investment limited partnership are beneficially entitled, directly or indirectly, to not less than 95 per cent of its ordinary share capital,