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[GA]
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No. 9/1984:
FINANCE ACT, 1984
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| | ARRANGEMENT OF SECTIONS
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| | PART I
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| | INCOME TAX, INCOME LEVY, CORPORATION TAX AND CAPITAL GAINS TAX
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| | CHAPTER I
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| | Income Tax
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| | Section
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1. Amendment of provisions relating to exemption from income tax.
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2. Charge of income tax for 1984-85 and subsequent years.
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3. Personal reliefs.
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4. Amendment of section 6 (special allowance in respect of P. R. S.I. for 1982-83) of Finance Act, 1982.
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5. Amendment of section 142A (allowance for rent paid by certain tenants) of Income Tax Act, 1967.
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6. Amendment of section 432 (making of claims, etc., and appeals and rehearings) of Income Tax Act, 1967.
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7. Amendment of section 41 (investment accounts in trustee savings banks) of Finance Act, 1968.
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8. Amendment of section 3 (employed person taking care of incapacitated individual) of Finance Act, 1969.
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9. Exemption for certain sports bodies.
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| | CHAPTER II
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| | Income Levy
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10. Amendment of section 16 (income levy) of Finance Act, 1983.
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| | CHAPTER III
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| | Income Tax: Relief for Investment in Corporate Trades
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11. Interpretation (Chapter III).
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12. The relief.
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13. Limits on relief.
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14. Individuals qualifying for relief.
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15. Qualifying companies.
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16. Qualifying trades.
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17. Disposal of shares.
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18. Value received from company.
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19. Replacement capital.
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20. Value received by persons other than claimants.
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21. Prevention of misuse.
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22. Claims.
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23. Assessments for withdrawing relief.
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24. Information.
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25. Capital gains tax.
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26. Application to subsidiaries.
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27. Nominees and designated investment funds.
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| | CHAPTER IV
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| | Anti-avoidance and Anti-evasion
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28. Tax treatment of certain non-interest-bearing securities.
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29. Taxation of income deemed to arise on certain sales of securities.
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| | CHAPTER V
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| | Income Tax, Corporation Tax and Capital Gains Tax
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30. Amendment of section 30 (appeals against assessments and payments on account) of Finance Act, 1976.
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31. Amendment of Chapter IX (Profit Sharing Schemes) of Part I of and Third Schedule (Profit Sharing Schemes) to Finance Act, 1982.
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32. Relief for gifts for education in the arts.
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33. Farming: amendment of provisions relating to relief in respect of increase in stock values.
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34. Application of section 31 (building societies) of Corporation Tax Act, 1976, for 1984-85.
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35. Continuation of certain capital allowances.
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36. Allowances in respect of certain laboratories.
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37. Application of section 23 (deduction for certain expenditure on construction of rented residential accommodation) of Finance Act, 1981.
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38. Amendment of section 25 (allowance for certain expenditure on construction of multi-storey car-parks) of Finance Act, 1981.
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39. Amendment of section 26 (allowance for certain capital expenditure on roads, bridges, etc.) of Finance Act, 1981.
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40. Capital allowances for certain leased assets.
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| | CHAPTER VI
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| | Corporation Tax
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41. Amendment of Part IX (Schedule F and Company Distributions) of Corporation Tax Act, 1976.
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42. Treatment of dividends on certain preference shares.
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43. Extension of exempted transactions in relation to agricultural societies.
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44. Continuance of relief in respect of increase in employment.
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45. Amendment of Chapter VI (manufacturing companies) of Part I of Finance Act, 1980.
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| | CHAPTER VII
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| | Advance Corporation Tax
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46. Amendment of section 51 (cesser of certain provisions) of Finance Act, 1983.
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47. Extension of section 52 (transitional reduction of advance corporation tax) of Finance Act, 1983.
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| | CHAPTER VIII
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| | Stock Relief
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| | Section
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48. Interpretation (Chapter VIII).
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49. Stock relief: corporation tax.
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50. Recovery of stock relief: corporation tax.
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51. Stock relief: income tax.
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52. Recovery of stock relief: income tax.
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53. Valuation of stock other than at beginning of period of account.
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54. Opening stock of a new business.
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55. Adjustment of value of stock in certain circumstances.
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56. Successions, etc., to trade.
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57. Trade carried on by a partnership.
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58. Assessments, etc.
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| | CHAPTER IX
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| | Amendment of Provisions in relation to Decrease in Stock Values other than in Trade of Farming
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59. Decrease in stock values: corporation tax.
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60. Limitation of application of section 59.
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61. Decrease in stock values: income tax.
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62. Limitation of application of section 61.
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63. Successions, etc., to trade.
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64. Cesser of certain provisions of Finance Act, 1983.
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65. Limitation of application of Chapter IX.
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| | CHAPTER X
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| | Capital Gains Tax
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66. Extension of section 19 (Government and other securities) of Capital Gains Tax Act, 1975.
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67. Amendment of section 25 (private residence) of Capital Gains Tax Act, 1975.
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| | PART II
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| | CUSTOMS AND EXCISE
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68. Interpretation (Part II).
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69. Beer.
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70. Tobacco products.
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71. Wine and made wine.
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72. Cider and perry.
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73. Hydrocarbons.
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74. Foreign travel.
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75. Provisions relating to excise duties on motor vehicles, televisions and gramophone records.
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76. Provisions in relation to betting duty.
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77. Amendment of section 11 (grounds for refusal of certificate of suitability of premises) of Betting Act, 1931.
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78. Restriction of Probation of Offenders Act, 1907.
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79. Amendment of section 29 (temporary importation of motor vehicles) of Finance Act, 1963.
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80. Excise duties on mechanically propelled vehicles.
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81. Amendment of section 3 of Finance (Excise Duties) (Vehicles) (Amendment) Act, 1960.
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82. Amendment of section 23 (payment of licence duty by cheque) of Finance Act, 1936.
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83. Confirmation of Orders.
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| | PART III
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| | VALUE-ADDED TAX
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84. Interpretation (Part III).
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85. Amendment of section 1 (interpretation) of Principal Act.
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86. Amendment of section 8 (accountable persons) of Principal Act.
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87. Amendment of section 11 (rates of tax) of Principal Act.
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88. Amendment of section 15 (charge of tax on imported goods) of Principal Act.
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89. Amendment of section 18 (inspection and removal of records) of Principal Act.
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90. Amendment of section 26 (penalties generally) of Principal Act.
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91. Amendment of section 32 (regulations) of Principal Act.
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92. Amendment of Second Schedule to Principal Act.
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93. Amendment of Third Schedule to Principal Act.
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94. Amendment of Sixth Schedule to Principal Act.
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95. Insertion of Seventh Schedule in Principal Act.
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96. Rate of tax in relation to short-term hiring of certain goods.
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| | PART IV
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| | STAMP DUTIES
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97. Levy on banks.
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98. Amendment of section 92 (levy on certain premiums of insurance) of Finance Act, 1982.
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99. Amendment of section 93 (exemption of certain instruments from stamp duty) of Finance Act, 1982.
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100. Amendment of section 49 (exemption of certain instruments from stamp duty) of Finance Act, 1969.
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101. Stamp duty on bills of exchange and promissory notes.
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102. Amendment of section 17 (stamp duty in respect of credit cards and charge cards) of Finance (No. 2) Act, 1981.
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103. Revocation of Order.
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| | PART V
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| | CAPITAL ACQUISITIONS TAX
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| | CHAPTER I
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| | Discretionary Trusts
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104. Interpretation (Part V).
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105. Amendment of section 2 (interpretation) of Principal Act.
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106. Acquisitions by discretionary trusts.
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107. Application of Principal Act.
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108. Exemptions.
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109. Computation of tax.
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| | CHAPTER II
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| | Revised Computation
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110. Amendment of certain sections of Principal Act.
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111. Amendment of Second Schedule to Principal Act.
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112. Application of Chapter II
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| | CHAPTER III
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| | Certificate of Discharge
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113. Extension of section 48 (receipts and certificates) of Principal Act.
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| | PART VI
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| | MISCELLANEOUS
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114. Capital Services Redemption Account.
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115. Care and management of taxes and duties.
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116. Short title, construction and commencement.
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| | FIRST SCHEDULE
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| | AMENDMENT OF ENACTMENTS
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| | PART I
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| | Amendments Consequential on Changes in Rates of Tax
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| | PART II
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| | Amendments Consequential on Changes in Personal Reliefs
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| | SECOND SCHEDULE
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| | RELIEF FOR INVESTMENT IN CORPORATE TRADES: SUBSIDIARIES
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| | THIRD SCHEDULE
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| | RATES OF EXCISE DUTY ON TOBACCO PRODUCTS
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| | FOURTH SCHEDULE
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| | PART I
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| | Rates of Excise Duty on Wine
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| | PART II
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| | Rates of Excise Duty on Made Wine
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| | FIFTH SCHEDULE
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| | RATES OF EXCISE DUTY ON CIDER AND PERRY
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| | ACTS REFERRED TO
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Betting Act, 1931
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1931, No. 27 |
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Capital Acquisitions Tax Act, 1976
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1976, No. 8 |
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Capital Gains Tax Act, 1975
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1975, No. 20 |
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Capital Gains Tax (Amendment) Act, 1978
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1978, No. 33 |
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Central Bank Act, 1971
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1971, No. 24 |
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Companies Act, 1963
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1963, No. 33 |
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Companies (Amendment) Act, 1983
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1983, No. 13 |
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Corporation Tax Act, 1976
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1976, No. 7 |
| Excise Act, 1848 |
1848, c. 118 |
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Finance Act, 1926
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1926, No. 35 |
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Finance Act, 1929
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1929, No. 32 |
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Finance Act, 1931
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1931, No. 31 |
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Finance Act, 1936
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1936, No. 31 |
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Finance Act, 1950
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1950, No. 18 |
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Finance Act, 1963
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1963, No. 23 |
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Finance Act, 1968
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1968, No. 33 |
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Finance Act, 1969
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1969, No. 21 |
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Finance Act, 1970
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1970, No. 14 |
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Finance Act, 1973
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1973, No. 19 |
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Finance Act, 1974
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1974, No. 27 |
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Finance Act, 1975
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1975, No. 6 |
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Finance Act, 1976
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1976, No. 16 |
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Finance Act, 1977
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1977, No. 18 |
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Finance Act, 1978
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1978, No. 21 |
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Finance Act, 1979
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1979, No. 11 |
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Finance Act, 1980
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1980, No. 14 |
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Finance Act, 1981
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1981, No. 16 |
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Finance (No. 2) Act, 1981
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1981, No. 28 |
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Finance Act, 1982
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1982, No. 14 |
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Finance Act, 1983
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1983, No. 15 |
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Finance (Excise Duties) (Vehicles) Act, 1952
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1952, No. 24 |
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Finance (Excise Duties) (Vehicles) (Amendment) Act, 1960
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1960, No. 1 |
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Finance (Excise Duty on Tobacco Products) Act, 1977
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1977, No. 32 |
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Greyhound Industry Act, 1958
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1958, No. 12 |
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Housing (Miscellaneous Provisions) Act, 1979
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1979, No. 27 |
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Income Tax Act, 1967
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1967, No. 6 |
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Industrial Development (No. 2) Act, 1981
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1981, No. 14 |
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Irish Film Board Act, 1980
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1980, No. 36 |
| Probation of Offenders Act, 1907 |
1907, c. 17 |
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Racing Board and Racecourses Act, 1945
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1945, No. 16 |
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Road Traffic Act, 1961
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1961, No. 24 |
| Stamp Act, 1891 |
1891, c. 39 |
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Succession Act, 1965
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1965, No. 27 |
| Succession Duty Act, 1853 |
1853, c. 51 |
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Unit Trusts Act, 1972
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1972, No. 17 |
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Value-Added Tax Act, 1972
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1972, No. 22 |
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Value-Added Tax (Amendment) Act, 1978
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1978, No. 34 |
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Youth Employment Agency Act, 1981
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1981, No. 32 |
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| | Number 9 of 1984
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| | FINANCE ACT, 1984
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| | AN ACT TO CHARGE AND IMPOSE CERTAIN DUTIES OF CUSTOMS AND INLAND REVENUE (INCLUDING EXCISE), TO AMEND THE LAW RELATING TO CUSTOMS AND INLAND REVENUE (INCLUDING EXCISE) AND TO MAKE FURTHER PROVISIONS IN CONNECTION WITH FINANCE.
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| | [23rd May, 1984]
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| | BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:
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