Finance Act, 1994 (No. 13)

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

Published date: 23 May 1994

Consolidation Status: Updated to reflect all known changes

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	Introductory Text
	Acts Referred to
	Part I Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-66)
	Chapter I Income Tax (ss. 1-15)
Repealed	1. Amendment of provisions relating to exemption from income tax.
Repealed	2. Alteration of rates of income tax.
Repealed	3. Personal reliefs.
Repealed	4. Amendment of section 138B (employee allowance) of Income Tax Act, 1967.
Repealed	5. Amendment of section 6 (special allowance in respect of P.R.S.I. for 1982-83) of Finance Act, 1982.
Repealed	6. Amendment of provisions relating to relief in respect of interest.
Repealed	7. Restriction of relief in respect of insurance against expenses of illness.
Repealed	8. Amendment of section 12 (relief for health expenses) of Finance Act, 1967.
Repealed	9. Amendment of section 8 (restriction of relief in respect of interest paid on certain loans at a reduced rate) of Finance Act, 1982.
Repealed	10. Taxation treatment of unemployment benefit in certain cases.
Repealed	11. Amendment of Second Schedule to Finance Act, 1992.
Repealed	12. Amendment of provisions relating to interest payments by certain deposit takers.
Repealed	13. Amendment of section 18 (date for payment of tax) of Finance Act, 1988.
Repealed	14. Amendment of section 2 (exemption of certain earnings of writers, composers and artists) of Finance Act, 1969.
Repealed	15. Interest on quoted Eurobonds.
	Chapter II Income Tax, Corporation Tax and Capital Gains Tax (ss. 16-34)
Repealed	16. Amendment of Chapter III (Income Tax: Relief for Investment in Corporate Trades) of Part I of Finance Act, 1984.
Repealed	17. Cesser of transitional provisions relating to amounts raised by companies acting in concert, or for trade of subsidiary.
Repealed	18. Amendment of section 19 (relief for expenditure on significant buildings) of Finance Act, 1982.
Repealed	19. Exemption from charge to tax of certain loans of art objects.
Repealed	20. Amendment of section 35 (relief for investment in films) of Finance Act, 1987.
Repealed	21. Capital allowances for, and deduction in respect of, vehicles.
Repealed	22. Capital allowances for industrial buildings or structures.
Repealed	23. Farming: allowances for capital expenditure on construction of buildings and other works.
Repealed	24. Computer software.
Repealed	25. Amendment of section 18 (taxation of collective investment undertakings) of Finance Act, 1989.
Repealed	26. Amendment of section 29 (taxation of income deemed to arise on certain sales of securities) of Finance Act, 1984.
Repealed	27. Distributions to non-residents.
Repealed	28. Amendment of section 34 (exemption from tax of income derived from patent royalties) of Finance Act, 1973.
Repealed	29. Amendment of section 46 (limited partnerships) of Finance Act, 1986.
Repealed	30. Restriction on capital allowances for certain leased machinery or plant.
Repealed	31. Amendment of section 49 (tax treatment of foreign trusts) of Finance Act, 1993.
Repealed	32. Exemption of certain non-commercial state-sponsored bodies from certain tax provisions.
Repealed	33. Amendment of section 36A (special investment policies) of Corporation Tax Act, 1976.
Repealed	34. Amendment of show Chapter IV (Taxation of Savings and Investment) of Part I of Finance Act, 1993.
	Chapter III Urban Renewal Reliefs: Termination of Existing Scheme in Certain Areas and Certain Other Matters (ss. 35-37)
Repealed	35. Amendment of Chapter V (Urban Renewal: Relief from Income Tax and Corporation Tax) of Part I of Finance Act, 1986.
Repealed	36. Amendment of section 27 (designated areas for urban renewal relief) of Finance Act, 1987.
Repealed	37. Amendment of Chapter VII (Urban Renewal: Temple Bar and Other Areas) of Part I of Finance Act, 1991.
	Chapter IV Urban Renewal Reliefs: Introduction of New Scheme in Certain Areas (ss. 38-47)
Repealed	38. Interpretation (Chapter IV).
Repealed	39. Designated area and designated street.
Repealed	40. Accelerated capital allowances in relation to construction or refurbishment of certain industrial buildings or structures.
Repealed	41. Capital allowances in relation to construction or refurbishment of certain commercial premises.
Repealed	41A. Capital allowances in relation to construction or refurbishment of certain buildings or structures in enterprise areas.
Repealed	41B. Capital allowances in relation to construction or refurbishment of certain multi-storey car-parks.
Repealed	42. Double rent allowance in respect of rent paid for certain business premises.
Repealed	43. Deduction for certain expenditure on construction of rented residential accommodation.
Repealed	44. Rented residential accommodation: deduction for expenditure on conversion.
Repealed	45. Rented residential accommodation: deduction for expenditure on refurbishment.
Repealed	46. Residential accommodation: allowance to owner-occupiers in respect of expenditure on construction or refurbishment.
Repealed	47. Provisions supplementary to sections 43 to 46.
	Chapter V Corporation Tax (ss. 48-62)
Repealed	48. Amendment of section 39 (meaning of "goods") of Finance Act, 1980.
Repealed	49. Amendment of section 37 (application of section 84 (matters to be treated as distributions) of Corporation Tax Act, 1976) of Finance Act, 1988.
Repealed	50. Amendment of section 84A (limitation on meaning of "distribution") of Corporation Tax Act, 1976.
Repealed	51. Amendment of section 56 (relief for gifts to The Enterprise Trust Ltd.) of Finance Act, 1992.
Repealed	52. Relief for payments to National Co-operative Farm Relief Services Ltd. and grants made to its members.
Repealed	53. Amendment of section 39B (relief in relation to income from certain trading operations carried on in Custom House Docks Area) of Finance Act, 1980.
Repealed	54. Amendment of Chapter VI (Corporation tax: relief in relation to certain income of manufacturing companies) of Finance Act, 1980.
Repealed	55. Amendment of section 44 (group dividends) of Finance Act, 1983.
Repealed	56. Amendment of Part II (Corporation Tax) of Corporation Tax Act, 1976.
Repealed	57. Corporate unitholders in undertakings for collective investment.
Repealed	58. Life assurance and companies.
Repealed	59. Amendment of section 25 (attribution of distributions to accounting periods) of Finance Act, 1989.
Repealed	60. Amendment of section 35 (profits of life business) of Corporation Tax Act, 1976.
Repealed	61. Amendment of section 40 (capital allowances for certain leased assets) of Finance Act, 1984.
Repealed	62. Amendment of section 28 (relief in relation to income from shipping trade) of Finance Act, 1987.
	Chapter VI Capital Gains Tax (ss. 63-66)
Repealed	63. Amendment of Schedule 4 (administration) to Capital Gains Tax Act, 1975.
Repealed	64. Amendment of section 31 (unit trusts) of Capital Gains Tax Act, 1975.
Repealed	65. Amendment of section 27 (relief for individuals on certain reinvestment) of Finance Act, 1993.
Repealed	66. Reduced rate of capital gains tax on certain disposals of shares by individuals.
	Part II Customs and Excise (ss. 67-89)
	Chapter I Excise Duty on Cigarettes - Introduction of Tax Stamps (ss. 67-77)
In force	67. Interpretation (Chapter I).
In force	68. Amendment of section 1 (interpretation) of Principal Act.
In force	69. Liability for duty to be paid by tax stamps.
In force	70. Sale of cigarettes.
In force	71. Amendment of section 3 (repayment, remission and deferment of payment) of Principal Act.
In force	72. Amendment of section 7 (ascertainment of retail prices of tobacco products) of Principal Act.
In force	73. Amendment of section 8 (regulations) of Principal Act.
In force	74. Offences in relation to tax stamps.
In force	75. Amendment of section 11 (offences) of Principal Act.
In force	76. Amendment of section 18 (power to refuse delivery of goods) of Finance Act, 1939.
In force	77. Interpretation (Chapter I).
	Chapter II Miscellaneous (ss. 78-89)
In force	78. Interpretation (Chapter II).
In force	79. Tobacco products.
Repealed	80. Beer.
Repealed	81. Spirits.
Repealed	82. Cider and perry.
Repealed	83. Wine and made wine.
Repealed	84. Hydrocarbons.
In force	85. Amendment of section 132 (charge of excise duty) of Finance Act, 1992.
In force	86. Amendment of section 60 (records) of Finance Act, 1993.
In force	87. Amendment of section 61 (evidence) of Finance Act, 1993.
In force	88. Amendment of section 123 (rates of duty) of Finance Act, 1992.
Repealed	89. Exemption from duty on certain bets.
	Part III Value-Added Tax (ss. 90-101)
Repealed	90. Interpretation (Part III).
Repealed	91. Amendment of section 1 (interpretation) of Principal Act.
Repealed	92. Amendment of section 3 (supply of goods) of Principal Act.
Repealed	93. Person liable to pay tax in relation to certain supplies of immovable goods.
Repealed	94. Amendment of section 8 (taxable persons) of Principal Act.
Repealed	95. Amendment of section 10 (amount on which tax is chargeable) of Principal Act.
Repealed	96. Amendment of section 12 (deductions for tax borne or paid) of Principal Act.
Repealed	97. Amendment of section 14 (determination of tax due by reference to cash receipts) of Principal Act.
Repealed	98. Amendment of section 27 (fraudulent returns, etc.) of Principal Act.
Repealed	99. Amendment of First Schedule to Principal Act.
Repealed	100. Amendment of Second Schedule to Principal Act.
Repealed	101. Amendment of Sixth Schedule to Principal Act.
	Part IV Stamp Duties (ss. 102-112)
Repealed	102. Definitions (Part IV).
Repealed	103. Amendment of section 103 (provision relating to voluntary disposition inter vivos, etc.) of Finance Act, 1991.
Repealed	104. Amendment of section 105 (valuation of property chargeable with stamp duty) of Finance Act, 1991.
Repealed	105. Amendment of section 206 (exemption from stamp duty of certain stocks and marketable securities) of Finance Act, 1992.
Repealed	106. Amendment of section 106 (exemption from stamp duty of certain loan capital and securities) of Finance Act, 1993.
Repealed	107. Particulars to be delivered in cases of transfers and leases.
Repealed	108. Stamp duty and value-added tax.
Repealed	109. Right of appeal of persons dissatisfied with assessment.
Repealed	110. Exemption from stamp duty on certain transfers to Irish Stock Exchange.
Repealed	111. Exemption from stamp duty of stocks, etc., of foreign governments.
Repealed	112. Relief from stamp duty in respect of transfers to young trained farmers.
	Part V Residential Property Tax (ss. 113-123)
In force	113. Definition (Part V).
In force	114. Application (Part V).
In force	115. Amendment of section 95 (interpretation) of Act of 1983.
In force	116. Amendment of section 96 (charge of residential property tax) of Act of 1983.
In force	117. Amendment of section 98 (market value of property) of Act of 1983.
In force	118. Amendment of section 100 (market value exemption limit) of Act of 1983.
In force	119. Amendment of section 101 (income exemption limit) of Act of 1983.
In force	120. Amendment of section 102 (marginal reliefs) of Act of 1983.
In force	121. Amendment of section 104 (assessment and payment of tax) of Act of 1983.
In force	122. Amendment of section 105 (interest on tax) of Act of 1983.
In force	123. Amendment of section 115 (regulations) of Act of 1983.
	Part VI Capital Acquisitions Tax (ss. 124-148)
	Chapter I Business Relief (ss. 124-135)
In force	124. Interpretation (Chapter I).
In force	125. Application (Chapter I).
In force	126. Business relief.
In force	127. Relevant business property.
In force	128. Minimum period of ownership.
In force	129. Replacements.
In force	130. Succession.
In force	131. Successive benefits.
In force	132. Value of business.
In force	133. Value of certain shares and securities.
In force	134. Exclusion of value of excepted assets.
In force	135. Withdrawal of relief.
In force	135A. Avoidance of double relief.
	Chapter II Miscellaneous (ss. 136-148)
In force	136. Interpretation (Chapter II).
Repealed	137. Amendment of section 109 (interpretation) of Finance Act, 1993.
Repealed	138. Amendment of section 111 (application of Principal Act) of Finance Act, 1993.
Repealed	139. Amendment of section 112 (exemptions) of Finance Act, 1993.
Repealed	140. Abatement and postponement of tax.
In force	141. Amendment of section 19 (value of agricultural property) of Principal Act.
In force	142. Amendment of Second Schedule (computation of tax) to Principal Act.
In force	143. Amendment of section 109 (computation of tax) of Finance Act, 1984.
In force	144. Amendment of section 117 (reduction in estimated value of certain dwellings) of Finance Act, 1991.
In force	145. Amendment of section 128 (amendment of Second Schedule (computation of tax) to Principal Act) of Finance Act, 1990.
In force	146. Certificate relating to registration of title based on possession.
In force	147. Provision relating to section 5 (gift deemed to be taken) of Principal Act and section 121 of Finance Act, 1993.
In force	148. Provision relating to section 11 (inheritance deemed to be taken) of Principal Act and section 123 of Finance Act, 1993.
	Part VII Miscellaneous (ss. 149-166)
	Chapter I Provisions Relating to Residence of Individuals (ss. 149-158)
Repealed	149. Interpretation (Chapter I).
Repealed	150. Residence.
Repealed	151. Ordinary residence.
Repealed	152. Application of Part III (Schedule C) and section 52 (Schedule D) of Income Tax Act, 1967.
Repealed	153. Split year residence.
Repealed	154. Deduction for income earned outside the State.
Repealed	155. Non-residents.
Repealed	156. Appeals.
Repealed	157. Repeals.
Repealed	158. Commencement (Chapter I).
	Chapter II General (ss. 159-166)
Repealed	159. Capital Services Redemption Account.
Repealed	160. Establishment of Small Savings Reserve Fund.
Repealed	161. Securities of International Bank for Reconstruction and Development.
Repealed	162. Amendment of section 486 (power of Collector and authorised officers to sue) of Income Tax Act, 1967.
In force	163. Amendment of section 1 (interpretation) of Waiver of Certain Tax, Interest and Penalties Act, 1993, and related matters.
Repealed	164. Tax treatment of expenses of members of the Judiciary.
In force	165. Care and management of taxes and duties.
In force	166. Short title, construction and commencement.
	Schedules
Repealed	First Schedule Amendments Consequential on Changes in Personal Reliefs
Repealed	Second Schedule Exemption of Specified Non-Commercial State-Sponsored Bodies from Certain Tax Provisions
In force	Third Schedule Rates of Excise Duty on Tobacco Products
In force	Fourth Schedule Rates of Excise Duty on Cider and Perry
In force	Fifth Schedule Rates of Excise Duty on Wine and Made Wine
Repealed	Sixth Schedule Qualifications for Applying for Relief from Stamp Duty in respect of Transfers to Young Trained Farmers
Repealed	Seventh Schedule Computation of Residential Property Tax

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Finance Act, 1994 (No. 13)

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