Finance Act 2009 (No. 12)

AI Summary of Finance Act 2009 (No. 12)

The Finance Act 2009 (No. 12) forms a crucial part of Ireland’s legislative framework, aimed at modernising and strengthening various regulatory, financial, and social policy structures. This Act encompasses essential elements such as definitions, governance arrangements, compliance obligations, enforcement mechanisms, and transitional provisions. By updating or consolidating existing laws, it seeks to enhance clarity, efficiency, and accountability within the legal system.

Supporting national priorities, the legislation promotes legal consistency and aligns with wider EU requirements where applicable. The Act impacts a range of stakeholders, including public authorities, regulated entities, service providers, and citizens. Ultimately, the Finance Act 2009 (No. 12) contributes to fostering a robust, transparent, and modern statutory environment conducive to effective governance.

Send it Download PDF

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

Published date: 3 June 2009

		Future version	Amendment requiring commencement	Draft proposed change
	Introductory Text
	Acts Referred to
	Part 1 Income Levy, Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-14)
	Chapter 1 Interpretation (s. 1)
	1. Interpretation (Part 1).
	Chapter 2 Income Levy (s. 2)
	2. Income levy.
	Chapter 3 Income Tax (ss. 3-6)
	3. Amendment of section 244 (relief for interest paid on certain home loans) of Principal Act.
	4. Amendment of section 244A (application of section 244) of Principal Act.
	5. Amendment of section 97 (computational rules and allowable deductions) of Principal Act.
	6. Income tax: treatment of profits or gains and losses from dealing in residential development land.
	Chapter 4 Income Tax, Corporation Tax and Capital Gains Tax (ss. 7-10)
	7. Amendment of section 372AW (interpretation, applications for approval and certification) of Principal Act.
	8. Capital allowances for certain health-related facilities.
	9. Amendment of Part 8 (annual payments, charges and interest) of Principal Act.
	10. Life assurance policies and investment funds.
	Chapter 5 Corporation Tax (ss. 11-13)
	11. Corporation tax: treatment of profits or gains and losses from dealing in residential development land.
	12. Amendment of section 626B (exemption from tax in the case of gains on certain disposals of shares) of Principal Act.
	13. Intangible assets, etc.
	Chapter 6 Capital Gains Tax (s. 14)
	14. Capital gains: rate of charge.
	Part 2 Excise (ss. 15-19)
	15. Rates of mineral oil tax.
	16. Rates of tobacco products tax.
	17. Betting duty.
	18. Air travel tax.
	19. Amendment of section 135B (repayment of amounts in respect of vehicle registration tax in certain cases) of Finance Act 1992.
	Part 3 Value-Added Tax (ss. 20-22)
	20. Interpretation (Part 3).
	21. Amendment of section 7 (waiver of exemption) of Principal Act.
	22. Amendment of section 7B (transitional measures: waiver of exemption) of Principal Act.
	Part 4 Stamp Duties (ss. 23-26)
	23. Interpretation (Part 4).
	24. Exchange of houses.
	25. Amendment of section 101 (intellectual property) of Principal Act.
	26. Amendment of Part 9 (levies) of Principal Act.
	Part 5 Capital Acquisitions Tax (s. 27)
	27. Amendment of Schedule 2 (computation of tax) to Capital Acquisitions Tax Consolidation Act 2003.
	Part 6 Miscellaneous (ss. 28-32)
	28. Interpretation (Part 6).
	29. Interest on certain overdue tax.
	30. Miscellaneous technical amendments in relation to tax.
	31. Care and management of taxes and duties.
	32. Short title, construction and commencement.