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Number 8 of 1995
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FINANCE ACT, 1995
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ARRANGEMENT OF SECTIONS
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PART I
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Income Tax, 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.
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Amendment of provisions relating to exemption from income tax.
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2.
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Alteration of rates of income tax.
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3.
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Personal reliefs.
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4.
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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.
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Amendment of section 142A (allowance for rent paid by certain tenants) of Income Tax Act, 1967.
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6.
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Relief for fees paid to private colleges.
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7.
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Allowance for service charges.
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8.
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Tax relief for designated charities.
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9.
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Amendment of section 8 (restriction of relief in respect of interest paid on certain loans at a reduced rate) of Finance Act, 1982.
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10.
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Amendment of provisions relating to the taxation of certain benefits payable under Social Welfare Acts.
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11.
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Amendment of provisions relating to the taxation of certain savings and investments.
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12.
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Amendment of provisions relating to settlements on minors.
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13.
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Amendment of section 439 (dispositions for short periods) of Income Tax Act, 1967.
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14.
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Returns of certain information in relation to rent.
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15.
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Amendment of section 191 (error or mistake) of Income Tax Act, 1967.
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16.
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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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17.
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Amendment of Chapter III (Income Tax: Relief for Investment in Corporate Trades) of Part I of Finance Act, 1984.
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18.
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Amendment of section 17 (tax deductions from payments to subcontractors in the construction industry) of Finance Act, 1970.
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19.
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Short-lived businesses.
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Chapter II
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Income Tax, Corporation Tax and Capital Gains Tax
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20.
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Amendment of section 19 (relief for expenditure on significant buildings) of Finance Act, 1982.
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21.
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Farming: amendment of provisions relating to relief in respect of increase in stock values.
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22.
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Compulsory disposals of livestock.
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23.
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Capital allowances for, and deduction in respect of, vehicles.
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24.
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Amendment of section 265 (balancing allowances and balancing charges) of Income Tax Act, 1967, etc.
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25.
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Amendment of section 272 (balancing allowances and balancing charges) of Income Tax Act, 1967.
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26.
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Amendment of section 51 (application of certain allowances in relation to certain areas and certain expenditure) of Finance Act, 1988.
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27.
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Amendment of section 81 (application of certain allowances in relation to certain expenditure) of Finance Act, 1990.
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28.
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Amendment of section 49 (tax treatment of foreign trusts) of Finance Act, 1993.
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29.
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Tax relief for certain branch profits.
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30.
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Amendment of section 48 (surcharge for late submission of returns) of Finance Act, 1986.
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31.
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Amendment of section 18 (date for payment of tax) of Finance Act, 1988.
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32.
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Amendment of Chapter V (Urban Renewal: Relief from Income Tax and Corporation Tax) of Part I of Finance Act, 1986.
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33.
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Amendment of section 27 (designated areas for urban renewal relief) of Finance Act, 1987.
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34.
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Amendment of Chapter VII (Urban Renewal: Temple Bar and Other Areas) of Part I of Finance Act, 1991.
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35.
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Amendment of Chapter IV (Urban Renewal Reliefs: Introduction of New Scheme in Certain Areas) of Part I of Finance Act, 1994.
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36.
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Amendment of section 35 (relief for investments in films) of Finance Act, 1987.
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37.
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Non-distributing investment companies.
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38.
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Amendment of section 18 (taxation of collective investment undertakings) of Finance Act, 1989.
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39.
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Amendment of section 27 (distributions to non-residents) of Finance Act, 1994.
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40.
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Certain interest not to be chargeable.
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41.
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Returns of material interest in offshore funds.
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42.
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Amendment of Chapter VI (Petroleum Taxation) of Part I of Finance Act, 1992.
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43.
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Exemption of certain employment grants to certain industrial undertakings.
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44.
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Exemption of the Irish Horseracing Authority, Irish Thoroughbred Marketing Limited and the Tote.
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45.
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Tax credits in respect of distributions.
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Chapter III
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Income Tax and Corporation Tax: Reliefs for Renewal and Improvement of Certain Resort Areas
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46.
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Interpretation (Chapter III).
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47.
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Accelerated capital allowances in relation to construction or refurbishment of certain industrial buildings or structures.
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48.
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Capital allowances in relation to construction or refurbishment of certain commercial premises.
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49.
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Double rent allowance in respect of rent paid for certain business premises.
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50.
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Deduction for certain expenditure on construction of rented residential accommodation.
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51.
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Rented residential accommodation: deduction for expenditure on conversion.
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52.
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Rented residential accommodation: deduction for expenditure on refurbishment.
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53.
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Provisions supplementary to sections 50 to 52.
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Chapter IV
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Corporation Tax
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54.
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Rate of corporation tax.
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55.
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Amendment of section 162 (surcharge on undistributed income of service companies) of Corporation Tax Act, 1976.
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56.
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Amendment of section 45 (credit for bank levy) of Finance Act, 1992.
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57.
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Relief for certain payments to National Co-operative Farm Relief Services Ltd. and certain payments made to its members.
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58.
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Amendment of section 141 (particulars to be supplied by new companies) of Corporation Tax Act, 1976.
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59.
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Deduction for certain expenditure on research and development.
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60.
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Amendment of section 23 (double taxation relief: supplementary) of Corporation Tax Act, 1976.
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61.
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Amendment of section 41 (basis of relief from corporation tax) of Finance Act, 1980.
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62.
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Double taxation relief.
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63.
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Amendment of section 39C (credit for foreign tax) of Finance Act, 1980.
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64.
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Amendment of section 43 (overseas life assurance companies: investment income) of Corporation Tax Act, 1976.
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65.
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Amendment of section 39B (relief in relation to income from certain trading operations carried on in Custom House Docks Area) of Finance Act, 1980.
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66.
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Amendment of section 55 (late submission of returns: restriction of certain claims of relief) of Finance Act, 1992.
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67.
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Amendment of section 51 (relief for gifts to First Step) of Finance Act, 1993.
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68.
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Amendment of section 20A (foreign life assurance and deferred annuities: taxation and returns) of Capital Gains Tax Act, 1975.
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69.
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Amendment of section 46B (gains or losses arising by virtue of section 46A) of Corporation Tax Act, 1976.
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Chapter V
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Capital Gains Tax
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70.
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Amendment of Schedule 4 (administration) to Capital Gains Tax Act, 1975.
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71.
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Amendment of section 26 (disposal of business or farm on retirement) of Capital Gains Tax Act, 1975.
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72.
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Amendment of section 27 (disposal within the family of business or farm) of Capital Gains Tax Act, 1975.
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73.
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Amendment of section 39 (amendment of provisions regarding replacement of assets) of Finance Act, 1982.
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74.
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Amendment of section 27 (relief for individuals on certain reinvestment) of Finance Act, 1993.
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75.
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Amendment of section 66 (reduced rate of capital gains tax on certain disposals of shares by individuals) of Finance Act, 1994.
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76.
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Amendment of paragraph 11 (disposal of certain assets) of Schedule 4 to Capital Gains Tax Act, 1975.
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PART II
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Customs and Excise
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Chapter I
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Excise Duty on Tobacco Products other than Cigarettes — Introduction of Tax Stamps
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77.
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Interpretation (Chapter I).
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78.
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Amendment of section 2A (liability for duty to be paid by tax stamps) of Principal Act.
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79.
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Amendment of section 2B (sale of cigarettes) of Principal Act.
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80.
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Amendment of section 3 (repayment, remission and deferment of payment) of Principal Act.
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81.
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Amendment of section 8 (regulations) of Principal Act.
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82.
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Amendment of section 10A (offences in relation to tax stamps) of Principal Act.
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83.
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Amendment of section 18 (power to refuse delivery of goods) of Finance Act, 1939.
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84.
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Amendment of Chapter I (Excise Duty on Cigarettes— Introduction of Tax Stamps) of Part II of Finance Act, 1994.
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Chapter II
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Excise Duties — Powers of Officers, Detention, Seizure and Forfeiture
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85.
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Definitions (Chapter II).
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86.
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Power to stop and search vehicles.
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87.
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Power to enter and search premises.
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88.
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Detention of goods and vehicles.
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89.
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Seizure of goods and vehicles.
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90.
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Notice of seizure.
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91.
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Notice of claim.
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92.
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Condemnation.
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93.
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Proceedings for condemnation by court.
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94.
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Power to deal with seizures before condemnation.
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95.
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Miscellaneous amendments.
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96.
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Repeals and revocation.
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Chapter III
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Vehicle Registration Tax
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97.
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Amendment of section 132 (charge of excise duty) of Finance Act, 1992.
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98.
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Repayment of amounts in respect of vehicle registration tax in certain cases.
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Chapter IV
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Implementation of Council Directive No. 94/74/EC
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99.
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Application of section 104 (excisable products) of Finance Act, 1992, and reliefs for hydrocarbons.
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100.
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Amendment of section 111 (accompanying documents) of Finance Act, 1992.
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101.
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Amendment of section 117 (regulations) of Finance Act, 1992.
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102.
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Commencement (Chapter IV).
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Chapter V
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Appeals in relation to Excise Duty
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103.
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Definitions (Chapter V).
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104.
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Appeals to Revenue Commissioners.
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105.
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Appeals to Appeal...
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