Part 1 Universal Social Charge, income tax, corporation tax and capital gains tax (ss. 1-52)

AI Summary of Part 1 Universal Social Charge, income tax, corporation tax and capital gains tax (ss. 1-52)

Version status: | Document consolidation status: No known changes

Version date: 23 December 2025 - onwards

		Future version	Amendment requiring commencement	Draft proposed change
	Chapter 1 Interpretation (s.1)
	1. Definition (Part 1)
	Chapter 2 Universal Social Charge (s. 2)
	2. Amendment of section 531AN of Principal Act (rate of charge)
	Chapter 3 Income Tax (ss. 3-25)
	3. Amendment of section 473B of Principal Act (rent tax credit)
	4. Amendment of section 473C of Principal Act (mortgage interest tax relief)
	5. Amendment of section 477C of Principal Act (Help to Buy)
	6. Amendment of section 204B of Principal Act (exemption in respect of compensation for certain living donors)
	7. Amendment of section 208B of Principal Act (charities - miscellaneous)
	8. Amendment of section 235 of Principal Act (bodies established for promotion of athletic or amateur games or sports)
	9. Amendment of section 847A of Principal Act (donations to certain sports bodies)
	10. Amendment of section 531AM of Principal Act (charge to universal social charge)
	11. Amendment of section 847AA of Principal Act (deduction for donations to National Governing Bodies)
	12. Amendment of section 216D of Principal Act (certain profits of micro-generation of electricity)
	13. Amendment of section 216F of Principal Act (exemption of certain profits arising from production, maintenance and repair of certain musical instruments)
	14. Annual returns by qualifying fund managers
	15. Repeal of section 14 of Finance Act 2024
	16. Automatic enrolment retirement savings system
	17. Repeal of section 15 of Finance Act 2024
	18. Automatic enrolment retirement savings system (amendments consequential on insertion of Chapter 2E in Part 30)
	19. Amendment of section 128F of Principal Act (key employee engagement programme)
	20. Amendment of Schedule 13 to Principal Act (accountable persons for purposes of Chapter 1 of Part 18)
	21. Amendment of section 530A of Principal Act (principal to whom relevant contracts tax applies)
	22. Amendment of section 823A of Principal Act (deduction for income earned in certain foreign states)
	23. Amendment of section 825C of Principal Act (special assignee relief programme)
	24. Amendment of section 121 of Principal Act (benefit of use of car)
	25. Amendment of section 121A of Principal Act (benefit of use of van)
	Chapter 4 Income Tax, Corporation Tax and Capital Gains Tax (ss. 26-41)
	26. Amendment of section 285A of Principal Act (acceleration of wear and tear allowances for certain energy-efficient equipment)
	27. Amendment of section 285C of Principal Act (acceleration of wear and tear allowances for gas vehicles and refuelling equipment)
	28. Amendment of section 285D of Principal Act (acceleration of wear and tear allowances for farm safety equipment)
	29. Amendment of section 658A of Principal Act (farming: accelerated allowances for capital expenditure on slurry storage)
	30. Living City Initiative
	31. Amendment of section 97B of Principal Act (deduction for retrofitting expenditure)
	32. Estimate of tax due
	33. Exemption of certain profits or gains arising from cost rental properties
	34. Amendment of Schedule 4 to Principal Act (Exemption of Specified Non-Commercial State Sponsored Bodies from Certain Tax Provisions)
	35. Amendment of Chapter 2 of Part 29 of Principal Act (scientific and certain other research)
	36. Taxation of certain foreign body corporates
	37. Life assurance policies and investment funds
	38. Amendment of section 731 of Principal Act (chargeable gains accruing to unit trusts)
	39. Exemption from dividend withholding tax for certain investment limited partnerships
	40. Amendment to section 835AVB of Principal Act (collective investment scheme)
	41. Amendments relating to group payments
	Chapter 5 Corporation Tax (ss. 42-50)
	42. Enhanced deduction for eligible construction expenditure
	43. Amendment of section 291A of Principal Act (intangible assets)
	44. Amendment of section 400 of Principal Act (company reconstructions without change of ownership)
	45. Amendment of section 481 of Principal Act (relief for investment in films)
	46. Amendment of section 481A of Principal Act (relief for investment in digital games)
	47. Amendment of section 831B of Principal Act (participation exemption for certain foreign distributions)
	48. Amendment of section 835AY of Principal Act (interpretation (Part 35D))
	49. Amendment of section 840A of Principal Act (interest on loans to defray money applied for certain purposes)
	50. Amendment of section 891H of Principal Act (country-by-country reporting)
	Chapter 6 Capital Gains Tax (ss. 51-52)
	51. Amendment of section 597AA of Principal Act (revised entrepreneur relief)
	52. Amendment of section 604B of Principal Act (relief for farm restructuring)

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Table of Contents

AI Summary of Part 1 Universal Social Charge, income tax, corporation tax and capital gains tax (ss. 1-52)

Part 1 Universal Social Charge, income tax, corporation tax and capital gains tax (ss. 1-52)

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