Part 1 Income Levy, Universal Social Charge, Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-41)

AI Summary of Part 1 Income Levy, Universal Social Charge, Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-41)

Version status: | Document consolidation status: Updated to reflect all known changes

Version date: 6 February 2011 - onwards

		Future version	Amendment requiring commencement	Draft proposed change
	Chapter 1 Interpretation (s. 1)
	1. Interpretation (Part 1).
	Chapter 2 Income Levy and Universal Social Charge (ss. 2-3)
	2. Cessation of charge to income levy.
	3. Universal social charge.
	Chapter 3 Income Tax (ss. 4-19)
	4. Amendment of section 15 (rate of charge) of Principal Act.
	5. Age exemption.
	6. Personal tax credits.
	7. Benefit-in-kind taxation.
	8. Taxation of lump sums.
	9. Amendment of section 470B (age-related relief for health insurance premiums) of Principal Act.
	10. Employee share schemes.
	11. Termination of relief to individuals on loans applied in acquiring interest in companies.
	12. Abolition of relief for trade union subscriptions.
	13. Relief for energy efficient works.
	14. Amendment of section 473 (allowance for rent paid by certain tenants) of Principal Act.
	15. Amendment of section 473A (relief for fees paid for third level education, etc.) of Principal Act.
	16. Tax treatment of flight crew in international traffic.
	17. Exemption of certain earnings of writers, composers and artists.
	18. Amendment of Schedule 13 (accountable persons for purposes of Chapter 1 of Part 18) to Principal Act.
	19. Retirement benefits.
	Chapter 4 Income Tax, Corporation Tax and Capital Gains Tax (ss. 20-33)
	20. Relevant contracts tax.
	21. Measures relating to false claims.
	22. Cesser of financial resolutions.
	23. Amendment of Part 12 (principal provisions relating to loss relief, treatment of certain losses and capital allowances, and group relief) of Principal Act.
	24. Amendment of section 372AP (relief for lessors) of Principal Act.
	25. Amendment of Chapter 2 (farming: relief for increase in stock values) of Part 23 of Principal Act.
	26. Abolition of exemption for certain income derived from patent royalties and related distributions.
	27. Discontinuance of certain mining allowances.
	28. Amendment of section 817 (schemes to avoid liability to tax under Schedule F) of Principal Act.
	29. Certain settlements made by close companies.
	30. Amendment of Part 8 (annual payments, charges and interest) of Principal Act.
	31. Life assurance policies and investment funds.
	32. Amendment of section 481 (relief for investment in films) of Principal Act.
	33. Income tax relief for investment in corporate trades - employment and investment incentive and seed capital scheme.
	Chapter 5 Corporation Tax (ss. 34-41)
	34. Amendment of section 486C (relief from tax for certain start-up companies) of Principal Act.
	35. Credit for foreign tax.
	36. Interest on loans to defray money applied for certain purposes.
	37. Charges on income for corporation tax purposes.
	38. Amendment of section 285A (acceleration of wear and tear allowances for certain energy-efficient equipment) of Principal Act.
	39. Amendment of section 221 (certain payments to National Co-operative Farm Relief Services Ltd and certain payments made to its members) of Principal Act.
	40. Amendment of section 110 (securitisation) of Principal Act.
	41. Amendment of section 766 (tax credit for research and development expenditure) of Principal Act.

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AI Summary of Part 1 Income Levy, Universal Social Charge, Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-41)

Part 1 Income Levy, Universal Social Charge, Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-41)