Part I Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-66)

AI Summary of Part I Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-66)

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

Version date: 23 May 1994 - onwards

		Future version	Amendment requiring commencement	Draft proposed change
	Chapter I Income Tax (ss. 1-15)
	1. Amendment of provisions relating to exemption from income tax.
	2. Alteration of rates of income tax.
	3. Personal reliefs.
	4. Amendment of section 138B (employee allowance) of Income Tax Act, 1967.
	5. Amendment of section 6 (special allowance in respect of P.R.S.I. for 1982-83) of Finance Act, 1982.
	6. Amendment of provisions relating to relief in respect of interest.
	7. Restriction of relief in respect of insurance against expenses of illness.
	8. Amendment of section 12 (relief for health expenses) of Finance Act, 1967.
	9. Amendment of section 8 (restriction of relief in respect of interest paid on certain loans at a reduced rate) of Finance Act, 1982.
	10. Taxation treatment of unemployment benefit in certain cases.
	11. Amendment of Second Schedule to Finance Act, 1992.
	12. Amendment of provisions relating to interest payments by certain deposit takers.
	13. Amendment of section 18 (date for payment of tax) of Finance Act, 1988.
	14. Amendment of section 2 (exemption of certain earnings of writers, composers and artists) of Finance Act, 1969.
	15. Interest on quoted Eurobonds.
	Chapter II Income Tax, Corporation Tax and Capital Gains Tax (ss. 16-34)
	16. Amendment of Chapter III (Income Tax: Relief for Investment in Corporate Trades) of Part I of Finance Act, 1984.
	17. Cesser of transitional provisions relating to amounts raised by companies acting in concert, or for trade of subsidiary.
	18. Amendment of section 19 (relief for expenditure on significant buildings) of Finance Act, 1982.
	19. Exemption from charge to tax of certain loans of art objects.
	20. Amendment of section 35 (relief for investment in films) of Finance Act, 1987.
	21. Capital allowances for, and deduction in respect of, vehicles.
	22. Capital allowances for industrial buildings or structures.
	23. Farming: allowances for capital expenditure on construction of buildings and other works.
	24. Computer software.
	25. Amendment of section 18 (taxation of collective investment undertakings) of Finance Act, 1989.
	26. Amendment of section 29 (taxation of income deemed to arise on certain sales of securities) of Finance Act, 1984.
	27. Distributions to non-residents.
	28. Amendment of section 34 (exemption from tax of income derived from patent royalties) of Finance Act, 1973.
	29. Amendment of section 46 (limited partnerships) of Finance Act, 1986.
	30. Restriction on capital allowances for certain leased machinery or plant.
	31. Amendment of section 49 (tax treatment of foreign trusts) of Finance Act, 1993.
	32. Exemption of certain non-commercial state-sponsored bodies from certain tax provisions.
	33. Amendment of section 36A (special investment policies) of Corporation Tax Act, 1976.
	34. Amendment of show Chapter IV (Taxation of Savings and Investment) of Part I of Finance Act, 1993.
	Chapter III Urban Renewal Reliefs: Termination of Existing Scheme in Certain Areas and Certain Other Matters (ss. 35-37)
	35. Amendment of Chapter V (Urban Renewal: Relief from Income Tax and Corporation Tax) of Part I of Finance Act, 1986.
	36. Amendment of section 27 (designated areas for urban renewal relief) of Finance Act, 1987.
	37. Amendment of Chapter VII (Urban Renewal: Temple Bar and Other Areas) of Part I of Finance Act, 1991.
	Chapter IV Urban Renewal Reliefs: Introduction of New Scheme in Certain Areas (ss. 38-47)
	38. Interpretation (Chapter IV).
	39. Designated area and designated street.
	40. Accelerated capital allowances in relation to construction or refurbishment of certain industrial buildings or structures.
	41. Capital allowances in relation to construction or refurbishment of certain commercial premises.
	41A. Capital allowances in relation to construction or refurbishment of certain buildings or structures in enterprise areas.
	41B. Capital allowances in relation to construction or refurbishment of certain multi-storey car-parks.
	42. Double rent allowance in respect of rent paid for certain business premises.
	43. Deduction for certain expenditure on construction of rented residential accommodation.
	44. Rented residential accommodation: deduction for expenditure on conversion.
	45. Rented residential accommodation: deduction for expenditure on refurbishment.
	46. Residential accommodation: allowance to owner-occupiers in respect of expenditure on construction or refurbishment.
	47. Provisions supplementary to sections 43 to 46.
	Chapter V Corporation Tax (ss. 48-62)
	48. Amendment of section 39 (meaning of "goods") of Finance Act, 1980.
	49. Amendment of section 37 (application of section 84 (matters to be treated as distributions) of Corporation Tax Act, 1976) of Finance Act, 1988.
	50. Amendment of section 84A (limitation on meaning of "distribution") of Corporation Tax Act, 1976.
	51. Amendment of section 56 (relief for gifts to The Enterprise Trust Ltd.) of Finance Act, 1992.
	52. Relief for payments to National Co-operative Farm Relief Services Ltd. and grants made to its members.
	53. Amendment of section 39B (relief in relation to income from certain trading operations carried on in Custom House Docks Area) of Finance Act, 1980.
	54. Amendment of Chapter VI (Corporation tax: relief in relation to certain income of manufacturing companies) of Finance Act, 1980.
	55. Amendment of section 44 (group dividends) of Finance Act, 1983.
	56. Amendment of Part II (Corporation Tax) of Corporation Tax Act, 1976.
	57. Corporate unitholders in undertakings for collective investment.
	58. Life assurance and companies.
	59. Amendment of section 25 (attribution of distributions to accounting periods) of Finance Act, 1989.
	60. Amendment of section 35 (profits of life business) of Corporation Tax Act, 1976.
	61. Amendment of section 40 (capital allowances for certain leased assets) of Finance Act, 1984.
	62. Amendment of section 28 (relief in relation to income from shipping trade) of Finance Act, 1987.
	Chapter VI Capital Gains Tax (ss. 63-66)
	63. Amendment of Schedule 4 (administration) to Capital Gains Tax Act, 1975.
	64. Amendment of section 31 (unit trusts) of Capital Gains Tax Act, 1975.
	65. Amendment of section 27 (relief for individuals on certain reinvestment) of Finance Act, 1993.
	66. Reduced rate of capital gains tax on certain disposals of shares by individuals.

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AI Summary of Part I Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-66)

Part I Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-66)