Finance Act, 1996 (No. 9)

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

Published date: 15 May 1996

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. 1-70)
	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Repealed	1.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Repealed	2.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Repealed	3.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Repealed	4. Taxation treatment of unemployment benefit in certain cases.
Repealed	5. Relief for payments made by certain persons in respect of alarm systems.
Repealed	6. Amendment of section 4 (benefit of use of a car) of Finance Act, 1982.
Repealed	7. Amendment of section 145 (insurance against expenses of illness) of Income Tax Act, 1967.
Repealed	8. Amendment of Second Schedule to Finance Act, 1992.
Repealed	9. Taxation treatment of Hepatitis C compensation payments.
Repealed	10. Amendment of section 10 (exemption of certain income from leasing of farm land) of Finance Act, 1985.
Repealed	11. Amendment of section 62 (trading stock of discontinued trade) of Income Tax Act, 1967.
Repealed	12. Amendment of section 12 (relief for new shares purchased on issue by employees) of Finance Act, 1986.
Repealed	13. Retirement annuities.
Repealed	14. Amendment of section 2 (exemption of certain earnings of writers, composers and artists) of Finance Act, 1969.
Repealed	15. Relief for fees paid for part-time third level education.
	Chapter II Income Tax: Relief for Investment in Corporate Trades (ss. 16-24)
Repealed	16. Amendment of section 11 (Interpretation (Chapter III)) of Finance Act, 1984.
Repealed	17. Amendment of section 12 (the relief) of Finance Act, 1984.
Repealed	18. Amendment of section 13 (limits on relief) of Finance Act, 1984.
Repealed	19. Amendment of section 13 A (restriction of relief where amounts raised exceed permitted maximum) of Finance Act, 1984.
Repealed	20. Certification in respect of shares exceeding £250,000.
Repealed	21. Transitional arrangements in relation to section 20.
Repealed	22. Amendment of section 15 (qualifying companies) of Finance Act, 1984.
Repealed	23. Amendment of section 16 (qualifying trades) of Finance Act, 1984.
Repealed	24. Amendment of section 16A (relevant trading operations) of Finance Act, 1984.
	Chapter III Income Tax, Corporation Tax and Capital Gains Tax (ss. 25-43)
Repealed	25. Stud greyhound service fees.
Repealed	26. Amendment of section 41B (capital allowances in relation to construction or refurbishment of certain multi-storey car-parks) of Finance Act, 1994.
Repealed	27. Amendment of section 22 (continuation of certain allowances, etc.) of Finance Act, 1991.
Repealed	28. Continuation of certain industrial buildings annual allowances.
Repealed	29. Amendment of section 255 (meaning of "industrial building or structure") of Income Tax Act, 1967.
Repealed	30. Amendment of Chapter III (Income Tax and Corporation Tax: Reliefs for Renewal and Improvement of Certain Resort Areas) of Part I of Finance Act, 1995.
Repealed	31. Relief for investment in films.
Repealed	32. Treatment of patent royalties and related distributions.
Repealed	33. Amendment of section 31 (interest payments by companies and to non-residents) of Finance Act, 1974.
Repealed	34. Allowance for mine rehabilitation expenditure.
Repealed	35. Amendment of section 18 (taxation of collective investment undertakings) of Finance Act, 1989.
Repealed	36. Amendment of section 13 (special investment schemes) of Finance Act, 1993.
Repealed	37 Amendment of section 14 (special portfolio investment accounts) of Finance Act, 1993.
Repealed	38. Amendment of section 17 (undertakings for collective investment) of Finance Act, 1993.
Repealed	39. Exemption of bodies designated under section 4 of Securitisation (Proceeds of Certain Mortgages) Act, 1995, from certain tax provisions.
Repealed	40. Treatment under Tax Acts of certain employment grants and recruitment subsidies.
Repealed	41. Amendment of section 17 (tax deduction from payments to subcontractors) of Finance Act, 1970.
Repealed	42. Provisions supplemental to section 33 of Finance Act, 1986, relating to interest payments by certain deposit takers.
Repealed	43. Amendment of section 51 (application of certain allowances in relation to certain areas and certain expenditure) of Finance Act, 1988.
	Chapter IV Corporation Tax (ss. 44-58)
Repealed	44. Reduced rate of corporation tax for certain income.
Repealed	45. Amendment of section 12A (foreign currency: computation of income and chargeable gains) of Corporation Tax Act, 1976.
Repealed	46. Amendment of section 33A (acquisition expenses) of Corporation Tax Act, 1976.
Repealed	47. Amendment of section 35A (chargeable gains of life business) of Corporation Tax Act, 1976.
Repealed	48. Amendment of section 36 (investment income reserved for policy holders) of Corporation Tax Act, 1976.
Repealed	49. Amendment of section 36A (special investment policies) of Corporation Tax Act, 1976.
Repealed	50. Amendment of section 46B (gains or losses arising by virtue of section 46A) of Corporation Tax Act, 1976.
Repealed	51. Amendment of section 135 (company ceasing to be a member of a group) of Corporation Tax Act, 1976.
Repealed	52. Amendment of section 162 (surcharge on undistributed income of service companies) of Corporation Tax Act, 1976.
Repealed	53. Amendment of section 39A (relief in relation to income from certain trading operations carried on in Shannon Airport) of Finance Act, 1980.
Repealed	54. Amendment of section 28 (relief in relation to income from qualifying shipping trade) of Finance Act, 1987.
Repealed	55. Amendment of section 31 (securitisation of assets) of Finance Act, 1991.
Repealed	56. Amendment of section 56 (relief for gifts to The Enterprise Trust Ltd.) of Finance Act, 1992.
Repealed	57. Amendment of section 59 (deduction for certain expenditure on research and development) of Finance Act, 1995.
Repealed	58. Amendment of Chapter VII (advance corporation tax) of Part I of the Finance Act, 1983.
	Chapter V Capital Gains Tax (ss. 59-64)
Repealed	59. Amendment of paragraph 11 (disposal of certain assets) of Schedule 4 to Capital Gains Tax Act, 1975.
Repealed	60. Amendment of section 26 (disposal of business or farm on retirement) of Capital Gains Tax Act, 1975.
Repealed	61. Amendment of section 46 (debts) of Capital Gains Tax Act, 1975.
Repealed	62. Amendment of section 27 (relief for individuals on certain reinvestment) of Finance Act, 1993.
Repealed	63. Amendment of section 66 (reduced rate of capital gains tax on certain disposals of shares by individuals) of Finance Act, 1994.
Repealed	64. Exemption of certain milk boards and associated companies from capital gains tax.
	Chapter VI Income Tax and Corporation Tax: Reliefs for Renewal and Improvement of Residential Accommodation on Certain Islands (ss. 65-70)
Repealed	65. Interpretation (Chapter VI).
Repealed	66. Deduction for certain expenditure on construction of rented residential accommodation.
Repealed	67. Rented residential accommodation: deduction for expenditure on conversion.
Repealed	68. Rented residential accommodation: deduction for expenditure on refurbishment.
Repealed	69. Residential accommodation: allowance to owner-occupiers in respect of expenditure on construction or refurbishment.
Repealed	70. Provisions supplementary to sections 66 to 69.
	Part II Customs & Excise (ss. 71-86)
	Chapter I Vehicle Registration Tax (ss. 71-74)
In force	71. Interpretation Chapter I.
In force	72. Amendment of section 130 (interpretation) of Act of 1992.
In force	73. Amendment of section 135B (repayment of amounts in respect of vehicle registration tax in certain cases) of Act of 1992.
In force	74. Amendment of section 141 (regulations) of Act of 1992.
	Chapter II Miscellaneous (ss. 75-86)
Repealed	75. Exemption from duty on certain bets.
In force	76. Reductions of duty on certain gaming machine licences.
In force	77. Amendment of section 155 (spirits retailers' on-licences) of Finance Act, 1992.
In force	78. Amendment of section 92 (tax concessions for disabled drivers, etc.) of Finance Act, 1989.
Repealed	79. Hydrocarbons and substitute motor fuel.
Repealed	80. Amendment of section 56 (hydrocarbons) of Finance Act, 1988.
Repealed	81. Amendment of section 74 (deferment of duty on beer) of Finance Act, 1993.
Repealed	82. Spirits.
In force	83. Tobacco products.
In force	84. Amendment of section 7 (ascertainment of retail prices of tobacco products) of Finance (Excise Duty on Tobacco Products) Act, 1977.
In force	85. Amendment of section 10A (offences in relation to tax stamps) of Finance (Excise Duty on Tobacco Products) Act, 1977.
In force	86. Amendment of Finance (Excise Duties) (Vehicles) Act, 1952.
	Part III Value-Added Tax (ss. 87-100)
Repealed	87. Interpretation (Part III).
Repealed	88. Amendment of section 1 (interpretation) of Principal Act.
Repealed	89. Amendment of section 3 (supply of goods) of Principal Act.
Repealed	90. Amendment of section 5 (supply of services) of Principal Act.
Repealed	91. Amendment of section 10B (special scheme for auctioneers) of Principal Act.
Repealed	92. Amendment of section 11 (rates of tax) of Principal Act.
Repealed	93. Amendment of section 12 (deductions for tax borne or paid) of Principal Act.
Repealed	94. Amendment of section 12A (special provisions for tax invoiced by flat-rate farmers) of Principal Act.
Repealed	95. Amendment of section 13A (supplies to, and intra-Community acquisitions and imports by, certain taxable persons) of Principal Act.
Repealed	96. Amendment of section 15 (charge of tax on imported goods) of Principal Act.
Repealed	97. Amendment of section 17 (invoices) of Principal Act.
Repealed	98. Amendment of Second Schedule to Principal Act.
Repealed	99. Amendment of Sixth Schedule to Principal Act.
Repealed	100. Revocation (Part III).
	Part IV Stamp Duties (ss. 101-119)
	Chapter I Special provisions relating to uncertificated securities (ss. 101-111)
Repealed	101. Interpretation (Chapter I).
Repealed	102. Operator-instruction deemed to be an instrument of conveyance or transfer.
Repealed	103. Rate of duty.
Repealed	104. Application and adaptation of Stamp Acts.
Repealed	105. Collection and payment of duty.
Repealed	106. Exemptions.
Repealed	107. Relief for member firms.
Repealed	108. Obligations of system-members.
Repealed	109. Overpayment of duty.
Repealed	110. Regulations.
Repealed	111. Amendment of section 150 (stock borrowing) of Finance Act, 1995.
	Chapter II Miscellaneous (ss. 112-119)
In force	112. Removal of stamp duty on memorandum and articles of association of company.
Repealed	113. Amendment of section 49 (exemption of certain instruments from stamp duty) of Finance Act, 1969.
Repealed	114. Amendment of section 203 (stamp duty in respect of cash cards) of Finance Act, 1992.
Repealed	115. Amendment of section 207 (exemption from stamp duty of certain financial services instruments) of Finance Act, 1992.
Repealed	116. Amendment of section 144 (relief from stamp duty in the case of reconstructions or amalgamations of companies) of Finance Act, 1995.
Repealed	117. Exemption from stamp duty of designated body.
Repealed	118. Exemption from stamp duty of Community trade marks and international trade marks.
Repealed	119. Repeals (Part IV).
	Part V Capital Acquisitions Tax (ss. 120-129)
In force	120. Interpretation (Part V).
In force	121. Amendment of section 16 (market value of certain shares in private trading companies) of Principal Act.
In force	122. Amendment of section 19 (value of agricultural property) of Principal Act.
In force	123. Exemption relating to qualifying expenses of incapacitated persons.
In force	124. Amendment of section 118 (application of section 60 (relief in respect of certain policies of insurance) of Finance Act, 1985) of Finance Act, 1991.
In force	125. Amendment of section 126 (business relief) of Finance Act, 1994.
In force	126. Amendment of section 127 (relevant business property) of Finance Act, 1994.
In force	127. Amendment of section 135 (withdrawal of relief) of Finance Act, 1994.
In force	128. Amendment of section 146 (certificate relating to registration of title based on possession) of Finance Act, 1994.
In force	129. Amendment of section 164 (payment of tax on certain assets by instalments) of Finance Act, 1995.
	Part VI Miscellaneous Pre-Consolidation Provisions (ss. 130-137)
	Chapter I Income Tax, Corporation Tax and Capital Gains Tax (ss. 130-132)
Repealed	130. Information.
Repealed	131. Connected persons.
Repealed	132. Pre-consolidation amendments and repeals.
	Chapter II Income Tax and Corporation Tax (ss. 133-137)
	Farming: Provisions Relating to Relief in respect of Increase in Stock Values (ss. 133-137)
Repealed	133. Interpretation.
Repealed	134. Deduction for increase in stock values.
Repealed	135. Special provision for qualifying farmers.
Repealed	136. Compulsory disposals of livestock.
Repealed	137. Supplementary provisions.
	Part VII Miscellaneous (ss. 138-143)
Repealed	138. Capital Services Redemption Account.
Repealed	139. Amendment of section 176 (relief for donations of heritage items) of Finance Act, 1995.
Repealed	140. Payment of certain expenses of licensing authorities in respect of collection of certain excise duties.
In force	141. Amendment of section 4 (casual trading licences) of Casual Trading Act, 1995.
In force	142. Care and management of taxes and duties.
In force	143. Short title, construction and commencement.
Repealed	First Schedule - Amendments Consequential on Changes in Personal Reliefs
Repealed	Second Schedule - Rates of Excise Duty on Spirits
In force	Third Schedule - Rates of Excise Duty on Tobacco Products
Repealed	Fourth Schedule - Stamp Duty Enactments Repealed
	Fifth Schedule
Repealed	Fifth Schedule, Part I Pre-Consolidation Amendments
Repealed	Fifth Schedule, Part II Pre-Consolidation Repeals

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Finance Act, 1996 (No. 9)

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