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Number 6 of 1967
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INCOME TAX ACT, 1967
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ARRANGEMENT OF SECTIONS
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Part I
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Interpretation and Preliminary
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Chapter I
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Interpretation
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Section
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1.
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Interpretation generally.
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2.
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Earned income.
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3.
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"Income Tax Acts".
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Chapter II
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Preliminary
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4.
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Charge; Schedules.
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5.
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Yearly assessments.
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6.
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Fractions of twenty shillings.
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7.
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Enactments in force for any year to apply to tax for succeeding year.
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8.
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Charge and deduction of tax not charged or deducted before passing of annual Act.
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Part II
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Schedules A and B
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Chapter I
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Schedule A
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9.
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Schedule A.
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10.
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Annual value for Schedule A.
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11.
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Owner-occupied private residence.
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12.
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Newly-built houses.
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13.
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Assessment by reference to annual rent.
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14.
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Persons chargeable.
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15.
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Separate assessments under Schedule A or Schedule B in certain cases.
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16.
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Diplomatic representatives.
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17.
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Mortgagees in possession.
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18.
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Right of persons by whom tax is paid to recoupment in certain cases.
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19.
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Occupier.
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20.
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Allowances in case of ecclesiastical or collegiate body.
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21.
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Allowance for drainage and other rates and expenditure on sea walls.
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22.
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Procedure and time-limits for claims under preceding provisions.
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23.
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Repairs allowance.
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24.
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Allowance for maintenance, repairs, insurance and management.
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25.
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Maintenance relief for small properties.
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26.
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Loss by flood or tempest.
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27.
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Universities, colleges, hospitals, schools and almshouses.
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28.
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Allowance for rates paid by landlord.
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29.
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Repayment of tax in respect of lost rent.
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Chapter II
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Schedule B
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30.
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Schedule B.
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31.
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Annual value for Schedule B.
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32.
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Persons chargeable.
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33.
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Assessment of certain profits derived from the keeping of a stallion.
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34.
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Husbandry: election to be charged under Schedule D.
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35.
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Husbandry: profits falling short of assessable value.
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36.
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Woodlands.
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37.
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Assessment of profits from occupation of land under Schedule D in certain other cases.
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38.
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Relief under Schedule B in case of loss by flood or tempest.
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Chapter III
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General
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39.
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Revenue Commissioners to be furnished with copies of rates.
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40.
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Production of valuations to inspector.
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41.
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Power of Revenue Commissioners to direct revaluation.
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42.
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Unoccupied property.
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43.
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Savings with respect to actions of ejectment.
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44.
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Relief to persons prevented from using their land.
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45.
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Relief to farming co-operative societies and farming trustees.
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46.
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Definition of "the municipal rate".
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Part III
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SCHEDULE C AND PRINCIPAL PROVISIONS RELATING THERETO
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47.
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Schedule C.
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48.
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Charge and payment.
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49.
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Stocks of State and of foreign diplomats.
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50.
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Securities of foreign territories.
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51.
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Definitions.
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Part IV
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SCHEDULE D
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Chapter I
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Charge to Tax and General
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52.
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Schedule D.
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53.
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The Cases.
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54.
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Market gardening.
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55.
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Interest, etc., paid without deduction of tax under Schedule C.
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56.
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Tax on quarries, mines and other concerns.
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Chapter II
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Cases I and II
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57.
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Extent of charge.
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58.
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Basis of assessment.
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59.
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Changes of proprietorship.
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60.
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Period of computation of profits.
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61.
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General Rule as to deductions.
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62.
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Trading stock of discontinued trade.
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63.
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Deductions in relation to the establishment or alteration of superannuation schemes.
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64.
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Deduction for corporation profits tax.
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65.
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Exclusion of annual value of property.
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66.
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Power to omit Schedule A assessments in certain cases.
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67.
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Allowance for industrial premises.
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68.
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Statement of profits.
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Chapter III
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Trades and Professions Carried on in Partnership
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69.
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Interpretation.
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70.
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Power to require return as to sources of partnership income and amounts derived therefrom.
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71.
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Separate assessment of partners.
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72.
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Capital allowances and balancing charges in partnership cases.
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73.
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Modification of provisions as to appeals.
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74.
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Provision as to charges under section 288.
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Chapter IV
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Case III
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75.
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Income chargeable under Case III.
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76.
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Foreign securities and possessions.
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77.
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Basis of assessment.
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78.
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Cattle and milk dealers.
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Chapter V
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Case IV-General
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Chapter VI
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Taxation of Rents and Certain Other Payments
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80.
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Interpretation.
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81.
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Taxation of rents under short leases.
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82.
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Additional deductions in certain cases.
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83.
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Treatment of premiums, etc., as rent.
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84.
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Charge on assignment of lease granted at undervalue.
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85.
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Charge on sale of land with right to reconveyance.
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86.
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Exclusion of certain lettings.
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87.
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Taxation of certain payments in respect of easements.
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88.
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Provisions as to assessment.
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89.
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Relief in respect of losses.
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90.
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Relief for amount not received.
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91.
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Deduction by reference to premium, etc., paid in the computation of profits for purposes of Schedule D, Cases I & II.
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92.
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Deductions by reference to premiums, etc., paid in computation of profits for purposes of this Chapter.
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93.
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Taxation of rents under long lease and certain other payments.
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94.
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Returns, etc.
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95.
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Restriction of section 24.
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Chapter VII
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Profits or Gains from Dealing in or Developing Land
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96.
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Interpretation.
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97.
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Extension of Schedule D charge to certain profits from dealing in or developing land.
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98.
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Computation under Case I of Schedule D of profits or gains from dealing in or developing land.
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99.
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Computation under Case IV of Schedule D of profits or gains from dealing in or developing land.
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100.
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Transfers of interests in land between certain associated persons.
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101.
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Tax to be charged under Case IV of Schedule D in relation to the sale of certain shares.
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102.
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Application of section 101 to sales of shares in holding companies.
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103.
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Provisions supplementary to sections 101 and 102.
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Chapter VIII
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Payment of Certain Rents Without Deduction of Tax
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104.
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Payment of certain rents without deduction of tax.
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Chapter IX
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Miscellaneous Provisions as to Schedule D
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105.
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Persons chargeable.
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106.
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Interest payable out of rates.
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107.
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Apportionment of profits.
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108.
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Limitation of deductions for certain taxes.
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Part V
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SCHEDULE E AND PRINCIPAL PROVISIONS RELATING THERETO
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Chapter I
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Charge to Tax, etc.
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109.
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Schedule E.
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110.
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Persons chargeable and extent of charge.
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111.
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Basis of assessment.
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112.
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Making of deductions.
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113.
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Appeal against amount of deduction.
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Chapter II
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Payments on Retirement, etc.
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114.
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Payments on retirement or removal from office or employment.
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115.
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Exemptions and reliefs in respect of tax under section 114.
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Chapter III
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Expenses Allowances and Benefits in Kind
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116.
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Expenses allowances.
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117.
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Benefits in kind.
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118.
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Valuation of benefits in kind.
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119.
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Meaning of “director”, “employment” and “employment to which this Chapter applies”.
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120.
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Additional information in returns under section 178.
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121.
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Application of this Chapter.
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122.
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Interpretation.
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123.
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Unincorporated bodies, partnerships and individuals.
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Chapter IV
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Income Tax in Respect of Certain Emoluments
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124.
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Interpretation.
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125.
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Application.
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126.
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Method of collection of tax.
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127.
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Regulations.
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128.
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Penalties.
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129.
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Interest.
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130.
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Payment by means of stamps.
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131.
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Recovery.
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132.
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Priority in bankruptcy.
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133.
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Supplemental provisions.
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Part VI
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Differentiation and Graduation of Tax by means of Reliefs
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134.
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Earned income relief.
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135.
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Allowances from unearned income of persons aged sixty-five or upwards.
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136.
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Relief for small incomes.
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137.
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Deduction allowed in ascertaining taxable income.
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138.
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Personal relief.
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139.
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Person taking charge of children of widower, widow or married man living apart from wife.
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140.
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Relative taking charge of unmarried person's brother or sister.
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141.
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Children.
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142.
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Dependent relatives.
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143.
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Premiums on post-1916 insurances and certain other payments.
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144.
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Exemption where total income does not exceed £240, and marginal relief.
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145.
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Insurance against expenses of illness.
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146.
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General provisions relating to allowances, deductions and reliefs.
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147.
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Basis of assessing income under Schedule A.
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148.
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Partners, joint tenants: separate claims.
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149.
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Method of allowance.
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150.
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Total income where assessment reduced.
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151.
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Relief for premiums on pre-1916 insurances.
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152.
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Life assurance relief—general provisions.
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153.
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Non-residents.
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154.
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Relief for income accumulated under trusts.
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Part VII
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Administration
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155.
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Revenue Commissioners.
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156.
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Special Commissioners.
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157.
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Governor and directors of Bank of Ireland.
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158.
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Assessment of public offices.
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159.
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Declarations to be made by commissioners.
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160.
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Disqualification of commissioners in cases of personal interest.
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161.
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Inspectors of taxes.
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162.
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Collector-General.
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163....
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