Part I Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-78)

AI Summary of Part I Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-78)

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

Version date: 10 May 1997 - 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 provisions relating to the taxation of certain social welfare benefits.
	5. Amendment of section 4 (separated spouses: adaptation of special provisions as to married persons) of Finance Act, 1983.
	6. Amendment of section 127 (regulations) of Income Tax Act, 1967.
	7. Amendment of section 15 (relief for fees paid for part-time third level education) of Finance Act, 1996.
	8. Relief for fees paid for training courses.
	9. Amendment of Chapter III (Income Tax: Relief for Investment in Corporate Trades) of Part I of Finance Act, 1984.
	10. Amendment of section 14 (relief to individuals on loans applied in acquiring interest in companies) of Finance Act, 1992.
	11. Income from scholarships.
	12. Amendment of section 115 (exemptions and reliefs in respect of tax under section 114) of Income Tax Act, 1967.
	13. Tax deductions from payments made to subcontractors.
	14. Tax relief for agreed pay restructuring.
	15. Amendment of section 4 (charge of tax on sums applied outside the State in repaying certain loans) of Finance Act, 1971.
	Chapter II Income Tax, Corporation Tax and Capital Gains Tax (ss. 16-51)
	16. Relief for gifts made to third level institutions.
	17. Amendment of provisions relating to relief for expenditure on significant buildings, etc.
	18. Amendment of section 134 (deduction for increase in stock values) of Finance Act, 1996.
	19. Amendment of section 135 (special provision for qualifying farmers) of Finance Act, 1996.
	20. Farming: allowances for capital expenditure on the construction of farm buildings etc. for control of pollution.
	21. Capital allowances for, and deduction in respect of, vehicles.
	22. Amendment of section 241 (wear and tear of machinery, plant, etc.) of Income Tax Act, 1967.
	23. Amendment of Chapter I (Industrial Buildings and Structures: Annual Allowances and Balancing Allowances and Charges) of Part XVI of Income Tax Act, 1967.
	24. Capital allowances: room ownership schemes.
	25. Capital allowances for buildings used for third level educational purposes.
	26. Amendment of Chapter IV (Urban Renewal Reliefs: Introduction of New Scheme in Certain Areas) of Part I of Finance Act, 1994.
	27. Amendment of provisions relating to double rent allowance.
	28. Amendment of section 39B (relief in relation to income from certain trading operations carried on in Custom House Docks Area) of Finance Act, 1980.
	29. Relief for pre-trading expenditure.
	30. Amendment of section 35 (relief for investment in films) of Finance Act, 1987.
	31. Amendment of section 14 (special portfolio investment accounts) of Finance Act, 1993.
	32. Amendment of section 18 (taxation of collective investment undertakings) of Finance Act, 1989.
	33. Taxation of strips of securities.
	34. Amendment of section 138 (tax treatment of securities issued at a discount) of Finance Act, 1990.
	35. Amendment of section 17 (undertakings for collective investment) of Finance Act, 1993.
	36. Amendment of section 31 (interest payments by companies and to non-residents) of Finance Act, 1974.
	37. Tax credits in respect of distributions.
	38. Amendment of section 37 (application of section 25 (attribution of distributions to accounting periods) of Finance Act, 1989, to interim dividends) of Finance Act, 1992.
	39. Amendment of Chapter VIII (taxation of acquisition by a company of its own shares) of Part I of Finance Act, 1991.
	40. Amendment of section 40 (treatment under Tax Acts of certain employment grants and recruitment subsidies) of Finance Act, 1996.
	41. Employers’ pension contributions.
	42. Deemed disposal of assets on company ceasing to be resident in the State.
	43. Postponement of charge on deemed disposal under section 42.
	44. Tax on non-resident company recoverable from another member of group or from controlling director.
	45. Amendment of section 464 (issue of securities with exemption from tax) of Income Tax Act, 1967.
	46. Amendment of section 470 (securities of Irish local authorities issued abroad) of Income Tax Act, 1967.
	47. Amendment of section 474 (exemption of certain securities from tax) of Income Tax Act, 1967.
	48. Replacement of harbour authorities by port companies.
	49. Treatment of certain profits and gains for tax purposes.
	50. Amendment of Chapter IX (profit sharing schemes) of Part 1 of, and Third Schedule (profit sharing schemes) to, Finance Act, 1982.
	51. Employee share ownership trusts.
	Chapter III Urban Renewal Reliefs: Introduction of New Scheme in the Dublin Docklands Area (ss. 52-58)
	52. Interpretation (Chapter III).
	53. Qualifying area.
	54. Accelerated capital allowances in relation to construction or refurbishment of certain industrial buildings or structures.
	55. Capital allowances in relation to construction or refurbishment of certain commercial premises.
	56. Double rent allowance in respect of rent paid for certain business premises.
	57. Residential accommodation: allowance to owner-occupiers in respect of expenditure on construction or refurbishment.
	58. Provisions supplementary to section 57.
	Chapter IV Corporation Tax (ss. 59-69)
	59. Rate of corporation tax.
	60. Amendment of section 28A (reduced rate of corporation tax for certain income) of Corporation Tax Act, 1976.
	61. Repeal of section 80 (exemption of income from carrying out of voluntary health insurance schemes) of Corporation Tax Act, 1976.
	62. Exemption of harbour authorities and port companies.
	63. Exemption of income of body designated under Irish Takeover Panel Act, 1997.
	64. Amendment of section 56 (relief for gifts to The Enterprise Trust Ltd.) of Finance Act, 1992.
	65. Amendment of section 51 (relief for gifts made to First Step) of Finance Act, 1993.
	66. Amendment of section 36 (amendment of section 39B (relief in relation to income from certain trading operations carried on in Custom House Docks Area) of Finance Act, 1980) of Finance Act, 1988.
	67. Amendment of section 35 (profits of life business) of Corporation Tax Act, 1976.
	68. Amendment of section 36 (investment income reserved for policy holders) of Corporation Tax Act, 1976.
	69. Amendment of section 46A (deemed disposal and reacquisition of certain assets) of Corporation Tax Act, 1976.
	Chapter V Capital Gains Tax (ss. 70-78)
	70. Amendment of Schedule 2 to Capital Gains Tax Act, 1975.
	71. Divorced persons: transfers of assets.
	72. Separated spouses: transfers of assets.
	73. Amendment of section 15 (settled property) of Capital Gains Tax Act, 1975.
	74. Amendment of section 20A (foreign life assurance and deferred annuities: taxation and returns) of Capital Gains Tax Act, 1975.
	75. Amendment of section 27 (relief for individuals on certain reinvestment) of Finance Act, 1993.
	76. Amendment of section 66 (reduced rate of capital gains tax on certain disposals of shares by individuals) of Finance Act, 1994.
	77. Amendment of section 39 (amendment of provisions regarding replacement of assets) of Finance Act, 1982.
	78. Amendment of section 46 (debts) of Capital Gains Tax Act, 1975.

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AI Summary of Part I Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-78)

Part I Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-78)