Taxes Consolidation Act, 1997 (Number 39 of 1997)This section has been repealed.Repealed by F(No.2)A08 sched4(part1). Applies as respects any tax that becomes due and payable on or after 1 March 2009. 982Preferential payment. [CGTA75 s51(1) and Sch4 par15] The priority attaching to assessed taxes under section 81 of the Bankruptcy Act, 1988, and sections 98 and 285 of the Companies Act, 1963, shall apply to capital gains tax.