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Version status: Partly in force | Document consolidation status: Updated to reflect all known changes
Published date: 30 November 1997

Taxes Consolidation Act, 1997 (No. 39)

Introductory Text
Acts Referred to
Interpretation and basic charging provisions (ss. 1-31)
Part 1 Interpretation (ss. 1-11)
In force
1. Interpretation of this Act.
In force
2. Interpretation of Tax Acts.
In force
3. Interpretation of Income Tax Acts.
In force
4. Interpretation of Corporation Tax Acts.
In force
5. Interpretation of Capital Gains Tax Acts.
In force
6. Construction of references to child in Tax Acts and Capital Gains Tax Acts.
In force
7. Application to certain taxing statutes of Age of Majority Act, 1985.
In force
8. Construction of certain taxing statutes in accordance with Status of Children Act, 1987.
In force
9. Subsidiaries.
In force
10. Connected persons.
In force
11. Meaning of "control" in certain contexts.
Part 2 The Charge to Tax (ss. 12-31)
Chapter 1 Income tax (ss. 12-20)
In force
12. The charge to income tax.
In force
13. Extension of charge to income tax to profits and income derived from activities carried on and employments exercised on the Continental Shelf.
In force
14. Fractions of a pound and yearly assessments.
In force
15. Rate of charge.
In force
16. Income tax charged by deduction.
In force
17. Schedule C.
In force
18. Schedule D.
In force
19. Schedule E.
In force
20. Schedule F.
Chapter 2 Corporation tax (ss. 21-27)
In force
21. The charge to corporation tax and exclusion of income tax and capital gains tax.
In force
21A. Higher rate of corporation tax.
In force
21B. Tax treatment of certain dividends.
Repealed
22. Reduced rate of corporation tax for certain income.
Deleted
22A. Reduction of corporation tax liability in respect of certain trading income.
In force
23. Application of section 13 for purposes of corporation tax.
In force
23A. Company residence.
In force
23B. Residence of SE or SCE.
In force
24. Companies resident in the State: income tax on payments made or received.
In force
25. Companies not resident in the State.
In force
26. General scheme of corporation tax.
In force
27. Basis of, and periods for, assessment.
Chapter 3 Capital gains tax (ss. 28-31)
In force
28. Taxation of capital gains and rate of charge.
In force
29. Persons chargeable.
In force
29A. Temporary non-residents.
In force
30. Partnerships.
In force
31. Amount chargeable.
Income Tax and Corporation Tax: The Main Provisions (ss. 32-531)
Part 3 Provisions Relating to the Schedule C Charge and Government and Other Public Securities (ss. 32-51)
Chapter 1 Principal provisions relating to the Schedule C charge (ss. 32-35)
In force
32. Interpretation (Chapter 1).
In force
33. Method of charge and payment.
In force
34. Stock, dividends or interest belonging to the State.
In force
35. Securities of foreign territories.
Chapter 2 Government and other public securities: interest payable without deduction of tax (ss. 36-41)
In force
36. Government securities.
In force
37. Securities of certain State-owned companies.
In force
38. Certain State-guaranteed securities.
In force
39. Securities of certain European bodies.
In force
40. Securities of International Bank for Reconstruction and Development.
In force
41. Securities of designated bodies under the Securitisation (Proceeds of Certain Mortgages) Act, 1995.
Chapter 3 Government and other public securities: exemptions from tax (ss. 42-50)
In force
42. Exemption of interest on savings certificates.
In force
43. Certain securities issued by Minister for Finance.
In force
44. Exemption from corporation tax of certain securities issued by Minister for Finance.
In force
45. Exemption of non-interest-bearing securities.
In force
46. Exemption of premiums on Investment Bonds.
Repealed
47. Certain securities of ACC Bank plc.
In force
48. Exemption of premiums on certain securities.
In force
49. Exemption of certain securities.
In force
50. Securities of Irish local authorities issued abroad.
Chapter 4 Miscellaneous provisions (s. 51)
In force
51. Funding bonds issued in respect of interest on certain debts.
Part 4 Principal Provisions Relating to the Schedule D Charge (ss. 52-111)
Chapter 1 Supplementary charging provisions (ss. 52-59)
In force
52. Persons chargeable.
In force
53. Cattle and milk dealers.
In force
54. Interest, etc. paid without deduction of tax under Schedule C.
In force
55. Taxation of strips of securities.
In force
56. Tax on quarries, mines and other concerns chargeable under Case I(b) of Schedule D.
In force
57. Extension of charge to tax under Case III of Schedule D in certain circumstances.
In force
58. Charge to tax of profits or gains from unknown or unlawful source.
In force
59. Charge to tax of income from which tax has been deducted.
Chapter 2 Foreign dividends (ss. 60-64)
In force
60. Interpretation (Chapter 2).
In force
61. Dividends entrusted for payment in the State.
In force
62. Dividends paid outside the State and proceeds of sale of dividend coupons.
In force
63. Exemption of dividends of nonresidents.
In force
64. Interest on quoted Eurobonds.
Chapter 3 Income tax: basis of assessment under Cases I and II (ss. 65-69)
In force
65. Cases I and II: basis of assessment.
In force
66. Special basis at commencement of trade or profession.
In force
67. Special basis on discontinuance of trade or profession.
In force
68. Short-lived businesses.
In force
69. Changes of proprietorship.
Chapter 4 Income tax: basis of assessment under Cases III, IV and V (ss. 70-75)
In force
70. Case III: basis of assessment.
In force
71. Foreign securities and possessions.
In force
72. Charge to tax on sums applied outside the State in repaying certain loans.
In force
73. Income from certain possessions in Great Britain or Northern Ireland.
In force
74. Case IV: basis of assessment.
In force
75. Case V: basis of assessment.
Chapter 5 Computational provisions: corporation tax (ss. 76-80A)
In force
76. Computation of income: application of income tax principles.
In force
76A. Computation of profits or gains of a company accounting standards.
In force
76B. Treatment of unrealised gains and losses in certain cases.
In force
76C. Use of different accounting policies within a group of companies.
In force
76D. Computation of income from finance leases.
In force
77. Miscellaneous special rules for computation of income.
In force
78. Computation of companies' chargeable gains.
In force
79. Foreign currency: computation of income and chargeable gains.
In force
79A. Matching of relevant foreign currency assets with foreign currency liabilities.
In force
79B. Matching of foreign currency assets with certain foreign currency share capital.
In force
79C. Exclusion of foreign currency as asset of certain companies.
In force
80. Taxation of certain foreign currencies.
In force
80A. Taxation of certain short-term leases plant and machinery.
Chapter 6 Computational provisions: general (ss. 81-88A)
In force
81. General rule as to deductions.
In force
81A. Restriction of deductions for employee benefit contributions.
In force
81B. Equalisation reserves for credit insurance and reinsurance business of companies.
In force
81C. Emissions allowances.
In force
82. Pre-trading expenditure.
In force
83. Expenses of management of investment companies.
In force
83A. Expenditure involving crime.
In force
84. Expenses in relation to establishment or alteration of superannuation schemes.
In force
85. Deduction for certain industrial premises.
In force
86. Cost of registration of trade marks.
In force
87. Debts set off against profits and subsequently released.
Repealed
87A. Deductions for gifts to Foundation for Investing in Communities.
In force
87B. Release of debts in certain trades.
Repealed
88. Deduction for gifts to Enterprise Trust Ltd.
In force
88A. Double deduction in respect of certain emoluments.
Chapter 7 Special measures on discontinuance of, and change of basis of computation of profits or gains of, a trade or profession (ss. 89-95A)
In force
89. Valuation of trading stock at discontinuance of trade.
In force
90. Valuation of work in progress at discontinuance of profession.
In force
91. Receipts accruing after discontinuance of trade or profession.
In force
92. Receipts and losses accruing after change treated as discontinuance.
In force
93. Cash basis, etc: relief for certain individuals.
In force
94. Conventional basis: general charge on receipts after change of basis.
In force
95. Supplementary provisions as to tax under section 91 or 94.
In force
95A. Change of basis of computation of profits or gains of a trade or profession.
Chapter 8 Taxation of rents and certain other payments (ss. 96-106A)
In force
96. Interpretation (Chapter 8).
In force
97. Computational rules and allowable deductions.
In force
97A. Pre-letting expenditure in respect of vacant premises
In force
98. Treatment of premiums, etc. as rent.
In force
98A. Taxation of reverse premiums.
In force
99. Charge on assignment of lease granted at undervalue.
In force
100. Charge on sale of land with right to reconveyance.
In force
100A. Appeals against determinations under sections 98 to 100
In force
101. Relief for amount not received.
In force
102. Deduction by reference to premium, etc. paid in computation of profits for purposes of Schedule D, Cases I and II.
In force
103. Deduction by reference to premiums, etc. paid in computation of profits for purposes of this Chapter.
In force
104. Taxation of certain rents and other payments.
In force
105. Taxation of rents: restriction in respect of certain rent and interest.
In force
106. Tax treatment of receipts and outgoings on sale of premises.
In force
106A. Transfer of rent.
Chapter 9 Miscellaneous provisions (ss. 107-111)
In force
107. Apportionment of profits.
In force
108. Statement of profits.
In force
109. Payments in respect of redundancy.
In force
110. Securitisation.
In force
111. Allowance to owner of let mineral rights for expenses of management of minerals.
Part 5 Principal Provisions Relating to the Schedule E Charge (ss. 112-128F)
Chapter 1 Basis of assessment, persons chargeable and extent of charge (s. 112-112B)
In force
112. Basis of assessment, persons chargeable and extent of charge.
In force
112A. Taxation of certain perquisites.
In force
112B. Granting of vouchers
In force
112AA. Taxation of certain perquisites: employees of authorised insurers and tied health insurance agents
Chapter 2 Computational provisions (ss. 113-115)
In force
113. Making of deductions.
In force
114. General rule as to deductions.
In force
115. Fixed deduction for certain classes of persons.
Chapter 3 Expenses allowances and provisions relating to the general benefits in kind charge (ss. 116-120B)
In force
116. Interpretation (Chapter 3).
In force
117. Expenses allowances.
In force
118. Benefits in kind: general charging provision.
In force
118A. Costs and expenses in respect of personal security assets and services.
In force
118B. Revenue approved salary sacrifice agreements.
In force
119. Valuation of benefits in kind.
In force
120. Unincorporated bodies, partnerships and individuals.
In force
120A. Exemption from benefit-in-kind of certain childcare facilities.
In force
120B. Certain benefits in kind: members of Permanent Defence Force
Chapter 4 Other benefit in kind charges (ss. 121-122A)
In force
121. Benefit of use of car.
In force
121A. Benefit of use of van.
In force
122. Preferential loan arrangements.
In force
122A. Notional loans relating to shares, etc.
Chapter 5 Miscellaneous charging provisions (ss. 123-128F)
In force
123. General tax treatment of payments on retirement or removal from office or employment.
In force
124. Tax treatment of certain severance payments.
In force
124A. Tax treatment of payments made pursuant to an order under section 2B of Employment Permits Act 2003.
In force
125. Tax treatment of benefits received under permanent health benefit schemes.
In force
126. Tax treatment of certain benefits payable under Social Welfare Acts.
In force
127. Tax treatment of restrictive covenants.
In force
127A. Tax treatment of members of the European Parliament.
In force
127B. Tax treatment of flight crew in international traffic.
In force
128. Tax treatment of directors of companies and employees granted rights to acquire shares or other assets.
In force
128A. Deferral of payment of tax under section 128.
In force
128B. Payment of tax under section 128.
In force
128C. Tax treatment of directors and employees who acquire convertible securities.
In force
128D. Tax treatment of directors of companies and employees who acquire restricted shares.
In force
128E. Tax treatment of directors of companies and employees who acquire forfeitable shares.
In force
128F. Key Employee Engagement Programme.
Part 6 Company Distributions, Tax Credits, Franked Investment Income and Advance Corporation Tax (ss. 129-186)
Chapter 1 Taxation of company distributions (ss. 129-129A)
In force
129. Irish resident company distributions not generally chargeable to corporation tax.
In force
129A. Dividends paid out of foreign profits.
Chapter 2 Meaning of distribution (ss. 130-135)
In force
130. Matters to be treated as distributions.
In force
131. Bonus issues following repayment of share capital.
In force
132. Matters to be treated or not treated as repayments of share capital.
In force
133. Limitation on meaning of "distribution" - general.
In force
134. Limitation on meaning of "distribution" in relation to certain payments made in respect of "foreign source" finance.
In force
135. Distributions: supplemental.
Chapter 3 Distributions and tax credits - general (ss. 136-139)
Repealed
136. Tax credit for certain recipients of distributions.
In force
137. Disallowance of reliefs in respect of bonus issues.
In force
138. Treatment of dividends on certain preference shares.
Repealed
139. Dividends and other distributions at gross rate or of gross amount.
Chapter 4 Distributions out of certain exempt profits or gains or out of certain relieved income (ss. 140-146)
In force
140. Distributions out of profits or gains from stallion fees, stud greyhound services fees and occupation of certain woodlands.
In force
141. Distributions out of income from patent royalties.
In force
142. Distributions out of profits of certain mines.
In force
143. Distributions out of profits from coal, gypsum and anhydrite mining operations.
In force
144. Distributions out of profits from trading within Shannon Airport.
Repealed
145. Distributions out of profits from export of certain goods.
Repealed
146. Provisions supplementary to section 145.
Chapter 5 Distributions out of certain income of manufacturing companies (ss. 147-151)
Repealed
147. Distributions.
Repealed
148. Treatment of certain deductions in relation to relevant distributions.
Repealed
149. Dividends and other distributions at gross rate or of gross amount.
Repealed
150. Tax credit for recipients of certain distributions.
Repealed
151. Appeals.
Chapter 6 Distributions - supplemental (ss. 152-155)
In force
152. Explanation of tax credit to be annexed to interest and dividend warrants.
In force
153. Distributions to certain non-residents.
In force
154. Attribution of distributions to accounting periods.
In force
155. Restriction of certain reliefs in respect of distributions out of certain exempt or relieved profits.
Chapter 7 Franked investment income (ss. 156-158)
In force
156. Franked investment income and franked payments.
Deleted
157. Set-off of losses, etc. against franked investment income.
Deleted
158. Set-off of loss brought forward or terminal loss against franked investment income in the case of financial concerns.
Chapter 8 Advance corporation tax (ss. 159-172)
Deleted
159. Liability for advance corporation tax.
Deleted
160. Set-off of advance corporation tax.
Deleted
161. Rectification of excessive set-off of advance corporation tax.
Deleted
162. Calculation of advance corporation tax where company receives distributions.
Deleted
163. Tax credit recovered from company.
Deleted
164. Restrictions as to payment of tax credit.
Repealed
165. Group dividends.
Deleted
166. Surrender of advance corporation tax.
Deleted
167. Change of ownership of company: calculation and treatment of advance corporation tax.
Repealed
168. Distributions to certain non-resident companies.
Repealed
169. Non-distributing investment companies.
Repealed
170. Interest in respect of certain securities.
Repealed
171. Returns, payment and collection of advance corporation tax.
Repealed
172. Application of Corporation Tax Acts.
Chapter 8A Dividend withholding tax (ss. 172A-172M)
In force
172A. Interpretation.
In force
172B. Dividend withholding tax on relevant distributions.
In force
172BA. Obligation on certain persons to obtain tax reference numbers of persons beneficially entitled to relevant distributions
In force
172C. Exemption from dividend withholding tax for certain persons.
In force
172D. Exemption from dividend withholding tax for certain non-resident persons.
In force
172E. Qualifying intermediaries.
In force
172F. Obligations of qualifying intermediary in relation to relevant distributions.
In force
172FA. Recognised qualifying intermediaries
In force
172G. Authorised withholding agent.
In force
172H. Obligations of authorised withholding agent in relation to relevant distributions.
In force
172I. Statement to be given to recipients of relevant distributions.
In force
172J. Credit for, or repayment of, dividend withholding tax borne.
In force
172K. Returns, payment and collection of dividend withholding tax.
In force
172L. Reporting of distributions made under stapled stock arrangements.
In force
172LA. Deduction of dividend withholding tax on settlement of market claims.
In force
172M. Delegation of powers and functions of Revenue Commissioners.
Chapter 9 Taxation of acquisition by a company of its own shares (ss. 173-186)
In force
173. Interpretation (Chapter 9).
In force
174. Taxation of dealer's receipts on purchase of shares by issuing company or by its subsidiary.
In force
175. Purchase of own shares by quoted company.
In force
176. Purchase of unquoted shares by issuing company or its subsidiary.
In force
176A. Purchase of own shares - supplementary.
In force
177. Conditions as to residence and period of ownership.
In force
178. Conditions as to reduction of vendor's interest as shareholder.
In force
179. Conditions applicable where purchasing company is member of a group.
In force
180. Additional conditions.
In force
181. Relaxation of conditions in certain cases.
In force
182. Returns.
In force
183. Information.
In force
184. Treasury shares.
In force
185. Associated persons.
In force
186. Connected persons.
Part 7 Income Tax and Corporation Tax Exemptions (ss. 187-236)
Chapter 1 Income tax (ss. 187-216C)
In force
187. Exemption from income tax and associated marginal relief.
In force
188. Age exemption and associated marginal relief.
In force
189. Payments in respect of personal injuries.
In force
189A. Special trusts for permanently incapacitated individuals.
In force
189B. Exemption in respect of periodic payments for personal injuries
In force
190. Certain payments made by the Haemophilia HIV Trust.
In force
191. Taxation treatment of Hepatitis C compensation payments.
In force
192. Payments in respect of thalidomide children.
In force
192A. Exemption in respect of certain payments under employment law.
Deleted
192B. Foster care payments etc.
In force
192BA. Exemption of certain payments made or authorised by Child and Family Agency
In force
192C. Exemption in respect of payments of State support.
In force
192D. Exemption in respect of fuel grant
In force
192E. Exemption in respect of water conservation grant
In force
192F. Exemption in respect of certain education-related payments
In force
192G. Exemption in respect of training allowance payments
In force
192H. Exemption in respect of Mobility Allowance
In force
193. Income from scholarships.
In force
194. Child benefit.
In force
194A. Early childcare supplement.
In force
194AA. Exemption of certain childcare support payments
In force
194B. Back to work family dividend.
In force
195. Exemption of certain earnings of writers, composers and artists.
In force
195A. Exemption in respect of certain expense payments.
In force
195B. Exemption in respect of certain expense payments for relevant directors
In force
195C. Exemption in respect of certain expenses of State Examinations Commission examiners
In force
195D. Exemption in respect of certain expense payments for resident relevant directors
In force
196. Expenses of members of judiciary.
In force
196A. State employees: foreign service allowances.
In force
196B. Employees of certain agencies: foreign service allowances.
In force
197. Bonus or interest paid under instalment savings schemes.
In force
198. Certain interest not to be chargeable.
In force
199. Interest on certain securities.
In force
200. Certain foreign pensions.
In force
201. Exemptions and reliefs in respect of tax under section 123.
In force
202. Relief for agreed pay restructuring.
In force
203. Payments in respect of redundancy.
In force
204. Military and other pensions, gratuities and allowances.
In force
204A. Exemption in respect of annual allowance for reserve members of the Garda Síochána.
In force
204B. Exemption in respect of compensation for certain living donors.
In force
205. Veterans of War of Independence.
In force
205A. Magdalen Laundry Payments.
In force
206. Income from investments under Social Welfare (Consolidation) Act, 1993.
In force
207. Rents of properties belonging to hospitals and other charities.
In force
207A. Charities Regulatory Authority and Common Investment Fund
In force
208. Lands owned and occupied, and trades carried on by, charities.
In force
208A. Provisions relating to charities and donations to approved bodies.
In force
208B. Charities - miscellaneous.
In force
209. Bodies for the promotion of Universal Declaration of Human Rights and the implementation of European Convention for the Protection of Human Rights and Fundamental Freedoms.
In force
210. The Great Book of Ireland Trust.
In force
211. Friendly societies.
Repealed
212. Credit unions.
In force
213. Trade unions.
In force
214. Local authorities, etc.
In force
215. Certain profits of agricultural societies.
In force
216. Profits from lotteries.
In force
216A. Rent-a-room relief.
In force
216B. Payments under Scéim na bhFoghlaimeoirí Gaeilge.
In force
216C. Childcare services relief.
Chapter 2 Corporation tax (ss. 217-222)
In force
217. Certain income of Nítrigin Éireann Teoranta.
In force
218. Certain income of Housing Finance Agency plc.
In force
218A. Certain income of Motor Insurers' Bureau of Ireland
In force
219. Income of body designated under Irish Takeover Panel Act, 1997.
In force
219A. Income of credit unions.
In force
219B. Income of Investor Compensation Company Ltd.
In force
220. Profits of certain bodies corporate.
In force
221. Certain payments to National Co-operative Farm Relief Services Ltd and certain payments made to its members.
In force
222. Certain dividends from a non-resident subsidiary.
Chapter 3 Income tax and corporation tax (ss. 223-236)
In force
223. Small enterprise grants.
In force
224. Grants to medium and large industrial undertakings.
In force
225. Employment grants.
In force
226. Certain employment grants and recruitment subsidies.
In force
227. Certain income arising to specified non-commercial state-sponsored bodies.
In force
228. Income arising to designated bodies under the Securitisation (Proceeds of Certain Mortgages) Act, 1995.
In force
229. Harbour authorities and port companies.
In force
229A. Shannon Commercial Enterprises Ltd.
In force
230. National Treasury Management Agency.
In force
230A. National Pensions Reserve Fund Commission.
In force
230AA. NAMA profits exempt from corporation tax.
Repealed
230AB. National Development Finance Agency.
In force
230AC. Tax exemptions.
In force
231. Profits or gains from stallion fees.
In force
232. Profits from occupation of certain woodlands.
In force
233. Stud greyhound service fees.
In force
234. Certain income derived from patent royalties.
In force
235. Bodies established for promotion of athletic or amateur games or sports.
Ceased
236. Loan of certain art objects.
Part 8 Annual Payments, Charges and Interest (ss. 237-267M)
Chapter 1 Annual payments (ss. 237-242A)
In force
237. Annual payments payable wholly out of taxed income.
In force
238. Annual payments not payable out of taxed income.
In force
239. Income tax on payments by resident companies.
In force
240. Provisions as to tax under section 239.
In force
241. Income tax on payments by non-resident companies.
In force
242. Annual payments for non-taxable consideration.
In force
242A. Tax treatment of certain royalties.
Chapter 2 Charges on income for corporation tax purposes (ss. 243-243B)
In force
243. Allowance of charges on income.
In force
243A. Restriction of relevant charges on income.
In force
243B. Relief for certain charges on income on a value basis.
Chapter 3 Principal provisions relating to the payment of interest (ss. 244-255)
In force
244. Relief for interest paid on certain home loans.
In force
244A. Application of section 244 (relief for interest paid on certain home loans) of Principal Act.
In force
245. Relief for certain bridging loans.
In force
246. Interest payments by companies and to non-residents.
In force
246A. Interest in respect of wholesale debt instruments.
In force
247. Relief to companies on loans applied in acquiring interest in other companies.
In force
248. Relief to individuals on loans applied in acquiring interest in companies.
In force
248A. Restriction of relief in respect of loans applied in acquiring interest in companies and partnerships.
In force
249. Rules relating to recovery of capital and replacement loans.
In force
250. Extension of relief under section 248 to certain individuals in relation to loans applied in acquiring interest in certain companies.
In force
250A. Restriction of relief to individuals in respect of loans applied in acquiring interest in companies.
In force
251. Restriction of relief to individuals on loans applied in acquiring shares in companies where a claim for "BES relief" or "film relief" is made in respect of amount subscribed for shares.
In force
252. Restriction of relief to individuals on loans applied in acquiring interest in companies which become quoted companies.
In force
253. Relief to individuals on loans applied in acquiring interest in partnerships.
In force
254. Interest on borrowings to replace capital withdrawn in certain circumstances from a business.
In force
255. Arrangements for payment of interest less tax or of fixed net amount.
Chapter 4 Interest payments by certain deposit takers (ss. 256-267)
In force
256. Interpretation (Chapter 4).
In force
257. Deduction of tax from relevant interest.
In force
258. Returns and collection of appropriate tax.
In force
259. Alternative amount on account of appropriate tax.
In force
260. Provisions supplemental to sections 258 and 259.
In force
261. Taxation of relevant interest, etc.
In force
261A. Taxation of interest on special term accounts.
In force
261B. Taxation of specified interest.
In force
262. Statement furnished by relevant deposit taker.
In force
263. Declarations relating to deposits of non-residents.
In force
263A. Declarations to a relevant deposit taker relating to deposits of certain persons.
In force
263B. Declarations to the Revenue Commissioners relating to deposits of certain persons.
In force
263C. Notifications by the Revenue Commissioners relating to deposits of certain persons.
In force
263D. Declarations to the Revenue Commissioners in relation to relevant amounts
In force
263E. Notification by the Revenue Commissioners relating to deposits of relevant amounts
In force
264. Conditions and declarations relating to special savings accounts.
In force
264A. Conditions and declarations relating to special term accounts.
In force
264B. Returns of special term accounts by relevant deposit takers.
In force
265. Deposits of companies and pensions schemes.
In force
265A. Deposits of certain persons.
In force
266. Deposits of charities.
In force
266A. Repayments of appropriate tax to first-time purchasers.
In force
267. Repayment of appropriate tax in certain cases.
Chapter 5 Dividend Payments by Credit Unions (ss. 267A-267F)
In force
267A. Interpretation (Chapter 5).
In force
267AA. Taxation of dividends on regular share accounts.
In force
267B. Election to open a special share account or a special term share account.
In force
267C. Taxation of dividends on special term share accounts.
In force
267D. Conditions and declarations relating to special term share accounts.
In force
267E. Returns of special term share accounts by credit unions.
In force
267F. Supplementary provisions (Chapter 5).
Chapter 6 Implementation of Council Directive 2003/49/EC of 3 June 2003 on a common system of taxation applicable to interest and royalty payments made between associated companies of different Member States (ss. 267G-267L)
In force
267G. Interpretation (Chapter 6).
In force
267H. Application (Chapter 6).
In force
267I. Exemptions from tax and withholding tax.
In force
267J. Credit for foreign tax.
In force
267K. Miscellaneous.
In force
267L. Application of this Chapter to certain payments made to companies in Switzerland.
Chapter 7 Certain interest from sources outside the State (s. 267M)
In force
267M. Tax rate applicable to certain deposit interest received by individuals.
Part 8A Specified Financial Transactions (ss. 267N-267V)
Chapter 1 Interpretation (s. 267N)
In force
267N. Interpretation.
Chapter 2 Credit Return (ss. 267O-267P)
In force
267O. Treatment of credit return.
In force
267P. Treatment of credit transaction.
Chapter 3 Deposit Return (s. 267Q)
In force
267Q. Treatment of deposit return.
Chapter 4 Investment Certificates and Returns (ss. 267R-267S)
In force
267R. Treatment of investment return.
In force
267S. Treatment of certificate owner.
Chapter 5 Reporting (ss. 267T)
In force
267T. Reporting.
Chapter 6 Application (ss. 267U-267V)
In force
267U. Application.
In force
267V. Transactions to avoid tax.
Part 9 Principal Provisions Relating to Relief for Capital Expenditure (ss. 268-321)
Chapter 1 Industrial buildings or structures: industrial building allowances, writing-down allowances, balancing allowances and balancing charges (ss. 268-282)
In force
268. Meaning of "industrial building or structure".
In force
269. Meaning of "the relevant interest".
In force
270. Meaning of "expenditure on construction of building or structure".
In force
271. Industrial building allowances.
In force
272. Writing-down allowances.
In force
273. Acceleration of writing-down allowances in respect of certain expenditure on certain industrial buildings or structures.
In force
274. Balancing allowances and balancing charges.
In force
275. Restriction of balancing allowances on sale of industrial building or structure.
In force
276. Application of sections 272 and 274 in relation to capital expenditure on refurbishment.
In force
277. Writing off of expenditure and meaning of "residue of expenditure".
In force
278. Manner of making allowances and charges.
In force
279. Purchases of certain buildings or structures.
In force
280. Temporary disuse of building or structure.
In force
281. Special provisions in regard to leases.
In force
282. Supplementary provisions (Chapter 1).
Chapter 2 Machinery or plant: initial allowances, wear and tear allowances, balancing allowances and balancing charges (ss. 283-301)
In force
283. Initial allowances.
In force
284. Wear and tear allowances.
In force
285. Acceleration of wear and tear allowances.
In force
285A. Acceleration of wear and tear allowances for certain energy-efficient equipment.
In force
285B. Acceleration of wear and tear allowances for childcare and fitness centre equipment
In force
285C. Acceleration of wear and tear allowances for gas vehicles and refuelling equipment
Not yet in force
285D. Acceleration of wear and tear allowances for farm safety equipment
In force
286. Increased wear and tear allowances for taxis and cars for short-term hire.
In force
286A. Wear and tear allowances for licences for public hire vehicles.
In force
287. Wear and tear allowances deemed to have been made in certain cases.
In force
288. Balancing allowances and balancing charges.
In force
289. Calculation of balancing allowances and balancing charges in certain cases.
In force
290. Option in case of replacement.
In force
291. Computer software.
In force
291A. Intangible assets.
In force
292. Meaning of "amount still unallowed".
In force
293. Application to partnerships.
In force
294. Machinery or plant used partly for non-trading purposes.
In force
295. Option in case of succession under will or intestacy.
In force
296. Balancing allowances and balancing charges: wear and tear allowances deemed to have been made in certain cases.
In force
297. Subsidies towards wear and tear.
In force
298. Allowances to lessors.
In force
299. Allowances to lessees.
In force
300. Manner of making allowances and charges.
In force
301. Application to professions, employments and offices.
Chapter 3 Dredging: initial allowances and annual allowances (ss. 302-303)
In force
302. Interpretation (Chapter 3).
In force
303. Allowances for expenditure on dredging.
Chapter 4 Miscellaneous and general (ss. 304-321)
In force
304. Income tax: allowances and charges in taxing a trade, etc.
In force
305. Income tax: manner of granting, and effect of, allowances made by means of discharge or repayment of tax.
In force
306. Meaning of basis period.
In force
307. Corporation tax: allowances and charges in taxing a trade.
In force
308. Corporation tax: manner of granting, and effect of, allowances made by means of discharge or repayment of tax.
In force
308A. Assets transferred in course of scheme of reconstruction or amalgamation.
In force
309. Companies not resident in the State.
In force
310. Allowances in respect of certain contributions to capital expenditure of local authorities.
In force
311. Apportionment of consideration and exchanges and surrenders of leasehold interests.
In force
312. Special provisions as to certain sales.
In force
313. Effect, in certain cases, of succession to trade, etc.
In force
314. Procedure on apportionment.
In force
315. Property used for purposes of "exempted trading operations".
In force
316. Interpretation of certain references to expenditure and time when expenditure is incurred.
In force
317. Treatment of grants.
In force
318. Meaning of "sale, insurance, salvage or compensation moneys".
In force
319. Adjustment of allowances by reference to value-added tax.
In force
320. Other interpretation (Part 9).
In force
321. Provisions of general application in relation to the making of allowances and charges.
Part 10 Income Tax and Corporation Tax: Reliefs for Renewal and Improvement of Certain Urban Areas, Certain Resort Areas and Certain Islands (ss. 322-372AAC)
Chapter 1 Custom House Docks Area (ss. 322-329)
In force
322. Interpretation (Chapter 1).
In force
323. Capital allowances in relation to construction of certain commercial premises.
In force
324. Double rent allowance in respect of rent paid for certain business premises.
Repealed
325. Rented residential accommodation: deduction for certain expenditure on construction.
Repealed
326. Rented residential accommodation: deduction for certain expenditure on conversion.
Repealed
327. Rented residential accommodation: deduction for certain expenditure on refurbishment.
Repealed
328. Residential accommodation: allowance to owner-occupiers in respect of certain expenditure on construction or refurbishment.
Repealed
329. Provisions supplementary to sections 325 to 328.
Chapter 2 Temple Bar Area (ss. 330-338)
In force
330. Interpretation (Chapter 2).
In force
331. Accelerated capital allowances in relation to construction or refurbishment of certain industrial buildings or structures.
In force
332. Capital allowances in relation to construction or refurbishment of certain commercial premises.
In force
333. Double rent allowance in respect of rent paid for certain business premises.
Repealed
334. Rented residential accommodation: deduction for certain expenditure on construction.
Repealed
335. Rented residential accommodation: deduction for certain expenditure on conversion.
Repealed
336. Rented residential accommodation: deduction for certain expenditure on refurbishment.
Repealed
337. Residential accommodation: allowance to owner-occupiers in respect of certain expenditure on construction or refurbishment.
Repealed
338. Provisions supplementary to sections 334 to 337.
Chapter 3 Designated areas, designated streets, enterprise areas and multi-storey car parks in certain urban areas (ss. 339-350A)
In force
339. Interpretation (Chapter 3).
In force
340. Designated areas, designated streets and enterprise areas.
In force
341. Accelerated capital allowances in relation to construction or refurbishment of certain industrial buildings or structures.
In force
342. Capital allowances in relation to construction or refurbishment of certain commercial premises.
In force
343. Capital allowances in relation to construction or refurbishment of certain buildings or structures in enterprise areas.
In force
344. Capital allowances in relation to construction or refurbishment of certain multi-storey car parks.
In force
345. Double rent allowance in respect of rent paid for certain business premises.
Repealed
346. Rented residential accommodation: deduction for certain expenditure on construction.
Repealed
347. Rented residential accommodation: deduction for certain expenditure on conversion.
Repealed
348. Rented residential accommodation: deduction for certain expenditure on refurbishment.
Repealed
349. Residential accommodation: allowance to owner-occupiers in respect of certain expenditure on construction or refurbishment.
Repealed
350. Provisions supplementary to sections 346 to 349.
In force
350A. Provision against double relief.
Chapter 4 Qualifying resort areas (ss. 351-359)
In force
351. Interpretation (Chapter 4).
In force
352. Accelerated capital allowances in relation to construction or refurbishment of certain industrial buildings or structures.
In force
353. Capital allowances in relation to construction or refurbishment of certain commercial premises.
In force
354. Double rent allowance in respect of rent paid for certain business premises.
In force
355. Disclaimer of capital allowances on holiday cottages, holiday apartments, etc.
Repealed
356. Rented residential accommodation: deduction for certain expenditure on construction.
Repealed
357. Rented residential accommodation: deduction for certain expenditure on conversion.
Repealed
358. Rented residential accommodation: deduction for certain expenditure on refurbishment.
Repealed
359. Provisions supplementary to sections 356 to 358.
Chapter 5 Designated islands (ss. 360-365)
Repealed
360. Interpretation (Chapter 5).
Repealed
361. Rented residential accommodation: deduction for certain expenditure on construction.
Repealed
362. Rented residential accommodation: deduction for certain expenditure on conversion.
Repealed
363. Rented residential accommodation: deduction for certain expenditure on refurbishment.
Repealed
364. Residential accommodation: allowance to owner-occupiers in respect of certain expenditure on construction or refurbishment.
Repealed
365. Provisions supplementary to sections 360 to 364.
Chapter 6 Dublin Docklands Area (ss. 366-372)
Repealed
366. Interpretation (Chapter 6).
Repealed
367. Qualifying areas.
Repealed
368. Accelerated capital allowances in relation to construction or refurbishment of certain industrial buildings or structures.
Repealed
369. Capital allowances in relation to construction or refurbishment of certain commercial premises.
Repealed
370. Double rent allowance in respect of rent paid for certain business premises.
Repealed
371. Residential accommodation: allowance to owner-occupiers in respect of certain expenditure on construction or refurbishment.
Repealed
372. Provisions supplementary to section 371.
Chapter 7 Qualifying areas (ss. 372A-372K)
In force
372A. Interpretation and application (Chapter 7).
In force
372B. Qualifying areas.
In force
372BA. Qualifying streets.
In force
372C. Accelerated capital allowances in relation to construction or refurbishment of certain industrial buildings or structures.
In force
372D. Capital allowances in relation to construction or refurbishment of certain commercial premises.
Repealed
372E. Double rent allowance in respect of rent paid for certain business premises.
Repealed
372F. Rented residential accommodation: deduction for certain expenditure on construction.
Repealed
372G. Rented residential accommodation: deduction for certain expenditure on conversion.
Repealed
372H. Rented residential accommodation: deduction for certain expenditure on refurbishment.
Repealed
372I. Residential accommodation: allowance to owner-occupiers in respect of certain expenditure on construction or refurbishment.
Repealed
372J. Provisions supplementary to sections 372F to 372I.
In force
372K. Non-application of relief in certain cases and provision against double relief.
Chapter 8 Qualifying rural areas (ss. 372L-372T)
In force
372L. Interpretation (Chapter 8).
In force
372M. Accelerated capital allowances in relation to construction or refurbishment of certain industrial buildings or structures.
In force
372N.Capital allowances in relation to construction or refurbishment of certain commercial buildings or structures.
Repealed
372O. Double rent allowance in respect of rent paid for certain business premises.
Repealed
372P. Rented residential accommodation: deduction for certain expenditure on construction.
Repealed
372Q. Rented residential accommodation: deduction for certain expenditure on conversion.
Repealed
372R. Rented residential accommodation: deduction for certain expenditure on refurbishment.
Repealed
372RA. Residential accommodation: allowance to owner-occupiers in respect of certain expenditure on construction or refurbishment.
Repealed
372S. Provisions supplementary to sections 372P to 372R.
In force
372T. Non-application of relief in certain cases and provision against double relief.
Chapter 9 Qualifying rural areas (ss. 372U-372Z)
In force
372U. Interpretation (Chapter 9).
In force
372V. Capital allowances in relation to construction or refurbishment of certain park and ride facilities.
In force
372W. Capital allowances in relation to construction or refurbishment of certain commercial premises.
Repealed
372X. Rented residential accommodation: deduction for certain expenditure on construction.
Repealed
372Y. Residential accommodation: allowance to owner-occupiers in respect of certain expenditure on construction.
Repealed
372Z. Provisions supplementary to sections 372X and 372Y.
Chapter 10 Designated areas of certain towns (ss. 372AA-372AJ)
In force
372AA. Interpretation and application (Chapter 10).
In force
372AB. Qualifying areas.
In force
372AC. Accelerated capital allowances in relation to construction or refurbishment of certain industrial buildings or structures.
In force
372AD. Capital allowances in relation to construction or refurbishment of certain commercial premises.
Repealed
372AE. Rented residential accommodation: deduction for certain expenditure on construction.
Repealed
372AF. Rented residential accommodation: deduction for certain expenditure on conversion.
Repealed
372AG. Rented residential accommodation: deduction for certain expenditure on refurbishment.
Repealed
372AH. Residential accommodation allowance to owner-occupiers in respect of certain expenditure on construction or refurbishment.
Repealed
372AI. Provisions supplementary to sections 372AE to 372AH.
In force
372AJ. Non-application of relief in certain cases and provision against double relief.
Chapter 11 Reliefs for lessors and owner-occupiers in respect of expenditure incurred on the provision of certain residential accommodation (ss. 372AK-372AV)
In force
372AK. Interpretation (Chapter 11).
In force
372AL. Qualifying period.
In force
372AM. Grant of certain certificates and guidelines, qualifying and special qualifying premises.
In force
372AN. Eligible expenditure: lessors.
In force
372AO. Qualifying lease.
In force
372AP. Relief for lessors.
In force
372AQ. Qualifying expenditure: owner-occupiers.
In force
372AR. Relief for owner-occupiers.
In force
372AS. Determination of expenditure incurred in qualifying period, and date expenditure treated as incurred for relief purposes.
Deleted
372AT. Appeals.
In force
372AU. Saver for relief due, and for clawback of relief given under, old schemes.
In force
372AV. Continuity.
Chapter 12 Mid-Shannon Corridor Tourism Infrastructure Investment Scheme (372AW-372AZ)
In force
372AW. Interpretation, applications for approval and certification.
In force
372AX. Accelerated capital allowances in relation to the construction or refurbishment of certain registered holiday camps.
In force
372AY. Capital allowances in relation to the construction or refurbishment of certain tourism infrastructure facilities.
In force
372AZ. Restrictions on relief, non-application of relief in certain cases and provision against double relief.
Chapter 13 Living City Initiative (ss. 372AAA-372AAD)
In force
372AAA. Interpretation (Chapter 13).
In force
372AAB. Residential accommodation: allowance to owner-occupiers in respect of qualifying expenditure incurred on the conversion and refurbishment of Georgian houses.
In force
372AAC. Capital allowances in relation to conversion or refurbishment of certain commercial premises.
In force
372AAD. Residential accommodation: capital allowances to lessors in respect of eligible expenditure incurred on the conversion and refurbishment of relevant houses
Part 11 Capital Allowances and Expenses for Certain Road Vehicles (ss. 373-380)
In force
373. Interpretation (Part 11).
In force
374. Capital allowances for cars costing over certain amount.
In force
375. Limit on renewals allowance for cars.
Deleted
376. Restriction of deduction in respect of running expenses of cars.
In force
377. Limit on deductions, etc. for hiring cars.
In force
378. Cars: provisions as to hire-purchase, etc.
In force
379. Cars: provisions where hirer becomes owner.
In force
380. Provisions supplementary to sections 374 to 379.
Part 11A Income Tax and Corporation Tax: Deduction for Expenditure on Construction, Conversion and Refurbishment of Certain Residential Accommodation for Certain Students (ss. 380A-380F)
Repealed
380A. Interpretation (Part 11A).
Repealed
380B. Rented residential accommodation: deduction for certain expenditure on construction.
Repealed
380C. Rented residential accommodation: deduction for certain expenditure on conversion.
Repealed
380D. Rented residential accommodation: deduction for certain expenditure on refurbishment.
Repealed
380E. Provisions supplementary to sections 380B to 380D.
Repealed
380F. Provision against double relief.
Part 11B Income Tax and Corporation Tax: Deduction for Expenditure on Refurbishment of Certain Residential Accommodation (ss. 380G-380J)
Repealed
380G. Interpretation (Part 11B).
Repealed
380H. Rented residential accommodation: deduction for certain expenditure on refurbishment.
Repealed
380I. Provisions supplementary to section 380H.
Repealed
380J. Provision against double relief.
Part 11C Emissions-based Limits on Capital Allowances and Expenses for Certain Road Vehicles (ss. 380K-380P)
In force
380K. Interpretation and general (Part 11C).
In force
380L. Emissions-based limits for certain cars.
In force
380M. Limit on deductions, etc. for hiring cars.
In force
380N. Cars: provisions as to hire-purchase, etc.
In force
380O. Cars: provisions where hirer becomes owner.
In force
380P. Provisions supplementary to sections 380L to 380O.
Part 11D Income Tax and Corporation Tax: Reliefs for the Removal and Relocation of Certain Industrial Facilities (ss. 380Q-380X)
Not yet in force
380Q. Interpretation (Part 11D).
Not yet in force
380R. Relocation allowance.
Not yet in force
380S. Additional allowance for relocation expenditure.
Not yet in force
380T. Allowance for machinery or plant.
Not yet in force
380U. Allowances in respect of certain buildings.
Not yet in force
380V. Improvement.
Not yet in force
380W. Supplementary provisions.
Not yet in force
380X. Restrictions on relief - non-application of relief in certain cases.
Part 12 Principal Provisions Relating to Loss Relief, Treatment of Certain Losses and Capital Allowances, and Group Relief (ss. 381-429)
Chapter 1 Income tax: loss relief (ss. 381-390)
In force
381. Right to repayment of tax by reference to losses.
In force
381A. Restriction of loss relief in certain cases.
In force
381B. Restriction of loss relief - passive trades.
In force
381C. Restriction of loss relief - anti-avoidance.
In force
382. Right to carry forward losses to future years.
In force
383. Relief under Case IV for losses.
In force
384. Relief under Case V for losses.
In force
385. Terminal loss.
In force
386. Determination of terminal loss.
In force
387. Calculation of amount of profits or gains for purposes of terminal loss.
In force
388. Meaning of "permanently discontinued" for purposes of terminal loss.
In force
389. Determination of claim for terminal loss.
In force
390. Amount of assessment made under section 238 to be allowed as a loss for certain purposes.
Chapter 2 Income tax: loss relief - treatment of capital allowances (ss. 391-395)
In force
391. Interpretation (Chapter 2).
In force
392. Option to treat capital allowances as creating or augmenting a loss.
In force
393. Extent to which capital allowances to be taken into account for purposes of section 392.
In force
394. Effect of giving relief under section 381 by reference to capital allowances.
In force
395. Relief affected by subsequent changes of law, etc.
Chapter 2A Income tax: Covid-19 loss relief (ss. 395A-395C)
In force
395A. Right to carry-back losses sustained between 1 January 2020 and 31 December 2020
In force
395B. Interim claim for carry-back of relevant losses and relevant allowances
In force
395C. Limitation of relief for relevant losses and allowances
Chapter 3 Corporation tax: loss relief (ss. 396-401)
In force
396D. Accelerated loss relief for certain accounting periods
In force
396. Relief for trading losses other than terminal losses.
In force
396A. Relief for relevant trading losses.
In force
396B. Relief for certain trading losses on a value basis.
In force
396C. Relief from Corporation Tax for losses of participating institutions.
In force
397. Relief for terminal loss in a trade.
In force
398. Computation of losses attributable to exemption of income from certain securities.
In force
399. Losses in transactions from which income would be chargeable under Case IV or V of Schedule D.
In force
400. Company reconstructions without change of ownership.
In force
401. Change in ownership of company: disallowance of trading losses.
Chapter 4 Income tax and corporation tax: treatment of certain losses and certain capital allowances (ss. 402-409E)
In force
402. Foreign currency: tax treatment of capital allowances and trading losses of a company.
In force
403. Restriction on use of capital allowances for certain leased assets.
In force
404. Restriction on use of capital allowances for certain leased machinery or plant.
In force
405. Restriction on use of capital allowances on holiday cottages.
In force
406. Restriction on use of capital allowances on fixtures and fittings for furnished residential accommodation.
In force
407. Restriction on use of losses and capital allowances for qualifying shipping trade.
In force
408. Restriction on tax incentives on property investment.
In force
409. Capital allowances: room ownership schemes.
In force
409A. Income tax: restriction on use of capital allowances on certain industrial buildings and other premises.
In force
409B. Income tax: restriction on use of capital allowances on certain hotels, etc.
In force
409C. Income tax: restriction on use of losses on approved buildings.
In force
409D. Restriction of reliefs where individual is not actively participating in certain trades.
In force
409E. Income tax: ring-fence on use of certain capital allowances on certain industrial buildings and other premises.
Chapter 4A Limits on certain losses (ss. 409F-409H)
In force
409F. Interpretation and general (Chapter 4A).
In force
409G. Termination of capital allowances.
Deleted
409H. Restriction on use of capital allowances.
Chapter 5 Group relief (ss. 410-429)
In force
410. Group payments.
In force
411. Surrender of relief between members of groups and consortia.
In force
412. Qualification for entitlement to group relief.
In force
413. Profits or assets available for distribution.
In force
414. Meaning of "the profit distribution".
In force
415. Meaning of "the notional winding up".
In force
416. Limited right to profits or assets.
In force
417. Diminished share of profits or assets.
In force
418. Beneficial percentage.
In force
419. The relevant accounting period, etc.
In force
420. Losses, etc. which may be surrendered by means of group relief.
In force
420A. Group relief: relevant losses and charges.
In force
420B. Group relief: Relief for certain losses on a value basis.
In force
420C. Group relief: relief for certain losses of non-resident companies.
In force
421. Relation of group relief to other relief.
In force
422. Corresponding accounting periods.
In force
423. Company joining or leaving group or consortium.
In force
424. Effect of arrangements for transfer of company to another group, etc.
In force
425. Leasing contracts: effect on claims for losses of company reconstructions.
In force
426. Partnerships involving companies: effect of arrangements for transferring relief.
In force
427. Information as to arrangements for transferring relief, etc.
In force
428. Exclusion of double allowances, etc.
In force
429. Claims and adjustments.
Part 13 Close Companies (ss. 430-441)
Chapter 1 Interpretation and general (ss. 430-435)
In force
430. Meaning of "close company".
In force
431. Certain companies with quoted shares not to be close companies.
In force
432. Meaning of "associated company" and "control".
In force
433. Meaning of "participator", "associate", "director" and "loan creditor".
In force
434. Distributions to be taken into account and meaning of "distributable income", "investment income", "estate income", etc.
In force
435. Information.
Chapter 2 Additional matters to be treated as distributions, charges to tax in respect of certain loans and surcharges on certain undistributed income (ss. 436-441)
In force
436. Certain expenses for participators and associates.
In force
436A.
In force
437. Interest paid to directors and directors' associates.
In force
438. Loans to participators, etc.
In force
438A. Extension of section 438 to loans by companies controlled by close companies.
In force
439. Effect of release, etc. of debt in respect of loan under section 438.
In force
440. Surcharge on undistributed investment and estate income.
In force
441. Surcharge on undistributed income of service companies.
Part 14 Taxation of Companies Engaged in Manufacturing Trades, Certain Trading Operations Carried on in Shannon Airport and Certain Trading Operations Carried on in the Custom House Docks Area (ss. 442-457)
Chapter 1 Interpretation and general (ss. 442-447)
Deleted
442. Interpretation (Part 14).
Deleted
443. Meaning of "goods".
Deleted
444. Exclusion of mining and construction operations.
Deleted
445. Certain trading operations carried on in Shannon Airport.
Deleted
446. Certain trading operations carried on in Custom House Docks Area.
Deleted
447. Appeals.
Chapter 2 Principal provisions (ss. 448-457)
Deleted
448. Relief from corporation tax.
Deleted
449. Credit for foreign tax not otherwise credited.
Deleted
450. Double taxation relief.
Deleted
451. Treatment of income and gains of certain trading operations carried on in Custom House Docks Area from investments held outside the State.
In force
452. Application of section 130 to certain interest.
In force
452A. Application of section 130 of this Act to certain non-yearly interest.
Deleted
453. Transactions between associated persons.
Ceased
454. Restriction of certain charges on income.
Ceased
455. Restriction of certain losses.
Ceased
456. Restriction of group relief.
Deleted
457. Application of section 448 where profits are charged to corporation tax at the reduced rate.
Part 15 Personal Allowances and Reliefs and Certain Other Income Tax and Corporation Tax Reliefs (ss. 458-487)
Chapter 1 Personal allowances and reliefs (ss. 458-480A)
In force
458. Deductions allowed in ascertaining taxable income and provisions relating to reductions in tax.
In force
459. General provisions relating to allowances, deductions and reliefs.
In force
460. Rate of tax at which repayments are to be made.
In force
461. Basic personal tax credit.
In force
461A. Additional standard rated allowance for certain widowed persons.
In force
462. One-parent family tax credit.
Deleted
462A. Additional allowance for widowed parents and other single parents.
In force
462B. Single person child carer credit.
In force
463. Widowed parent tax credit.
In force
464. Age tax credit.
In force
465. Incapacitated child tax credit.
In force
466. Dependent relative tax credit.
In force
466A. Home carer tax credit.
In force
467. Employed person taking care of incapacitated individual.
In force
468. Blind person's tax credit.
In force
469. Relief for health expenses.
In force
470. Relief for insurance against expenses of illness.
Ceased
470A. Relief for premiums under qualifying long-term care policies.
In force
470B. Age-related relief for health insurance premiums.
In force
471. Relief for contributions to permanent health benefit schemes.
In force
472. Employee allowance.
Ceased
472A. Relief for the long-term unemployed.
In force
472AA. Relief for long-term unemployed starting a business.
In force
472AB. Earned income tax credit.
In force
472B. Seafarer allowance, etc.
In force
472BA. Fisher tax credit
In force
472BB. Sea-going naval personnel credit
Ceased
472C. Relief for trade union subscriptions.
In force
472D. Relief for key employees engaged in research and development activities.
In force
473. Allowance for rent paid by certain tenants.
In force
473A. Relief for fees paid for third level education, etc.
Repealed
474. Relief for fees paid to private colleges for full-time third level education.
Repealed
474A. Relief for fees paid to publicly funded colleges in the European Union for full-time third level education.
Repealed
475. Relief for fees paid for part-time third level education.
Repealed
475A. Relief for postgraduate fees.
In force
476. Relief for fees paid for training courses.
In force
477. Relief for service charges.
Repealed
477A. Relief for energy efficient works.
In force
477B. Home renovation incentive.
In force
477C. Help to Buy
In force
478. Relief for payments made by certain persons in respect of alarm systems.
In force
478A. Stay and spend tax credit
In force
479. Relief for new shares purchased on issue by employees.
In force
480. Relief for certain sums chargeable under Schedule E.
In force
480A. Relief on retirement for certain income of certain sportspersons.
In force
480B. Relief arising in special circumstances
Chapter 2 Income tax and corporation tax: reliefs applicable to both (ss. 481-485B)
In force
481. Relief for investment in films.
In force
482. Relief for expenditure on significant buildings and gardens.
In force
483. Relief for certain gifts.
In force
484.Objectives of section 485, purposes for which its provisions are enacted and certain duty of Minister for Finance respecting those provisions' operation
In force
485. Covid Restrictions Support Scheme
Repealed
485A. Relief for gifts made to designated schools.
Repealed
485B. Relief for gifts to the Scientific and Technological Education (Investment) Fund.
Chapter 2A Limitation on amount of certain reliefs used by certain high income individuals (ss. 485C-485G)
In force
485C. Interpretation (Chapter 2A).
In force
485D. Application (Chapter 2A).
In force
485E. Recalculation of taxable income for purposes of limiting reliefs.
In force
485F. Carry forward of excess relief.
In force
485FA. Adaptation of provisions relating to taxation of married persons.
In force
485FB. Requirement to provide estimates and information.
In force
485G. Miscellaneous (Chapter 2A).
Chapter 3 Corporation tax reliefs (ss. 486-487)
Repealed
486. Corporation tax: relief for gifts to First Step.
Repealed
486A. Corporate donations to eligible charities.
In force
486B. Relief for investment in renewable energy generation.
In force
486C. Relief from tax for certain start-up companies.
In force
487. Corporation tax: credit for bank levy.
Part 16 Relief for Investment in Corporate Trades (ss. 488-508Z)
Chapter 1 Interpretation (Part 16) (s. 488)
In force
488. Interpretation (Part 16).
Chapter 2 Qualifying companies (ss. 489-492)
In force
489. Interpretation (Chapter 2)
In force
490. Qualifying companies
In force
491. Qualifying companies (supplemental)
In force
492. Qualifying subsidiaries
Chapter 3 Qualifying investments (ss. 493-499)
In force
493. Interpretation (Chapter 3)
In force
494. Eligible shares
In force
495. Anti-avoidance: eligible shares
In force
496. Qualifying investment (company perspective)
In force
497. Limits on amounts a qualifying company can raise
In force
498. Qualifying investment (investor perspective)
In force
499. Anti-avoidance: qualifying investment (investor perspective)
Chapter 4 Employment investment incentive (ss. 500-503)
In force
500. Qualifying investors
In force
501. Anti-avoidance: qualifying investors
In force
502. The relief (Chapter 4)
In force
503. Information.
Chapter 5 Start-up relief for entrepreneurs (SURE) (ss. 504-507)
In force
504. Interpretation (Chapter 5)
In force
505. Specified individuals.
In force
506. Anti-avoidance: qualifying company (SURE).
In force
507. The relief (Chapter 5).
Chapter 6 Administrative requirements and reporting obligations (ss. 508-508G)
In force
508. Carry forward of unused relief
In force
508A. Statement of qualification by qualifying company
In force
508B. Statement of qualification (second stage relief) by qualifying company
In force
508C. Statement of qualification (SURE) by qualifying company
In force
508D. Confirmation of compliance with certain conditions
In force
508E. Reporting of relief by qualifying companies
In force
508F. Claims for relief by qualifying investors
In force
508G. Claims for relief by specified individuals
Chapter 7 Designated funds (ss. 508H-508J)
In force
508H. Authorised officers
In force
508I. Designated investment funds
In force
508J. Relief for investment through designated investment funds
Chapter 8 Capital gains tax implications (s. 508K)
In force
508K. Capital gains tax
Chapter 9 Anti-avoidance (s. 508L)
In force
508L. Prevention of misuse
Chapter 10 Clawback events (ss. 508M-508S)
In force
508M. Disposals of shares
In force
508N. Anti-avoidance: disposal of shares
In force
508O. Anti-avoidance: disposal of a qualifying subsidiary
In force
508P. Anti-avoidance: qualifying investor receiving value from the company
In force
508Q. Qualification to section508P for specified persons
In force
508R. Value received by persons other than qualifying investors
In force
508S. Failure to commence a relevant employment (relief under section508G)
Chapter 11 Withdrawing relief (ss. 508T-508Y)
In force
508T. Withdrawing relief - general
In force
508U. Assessments for withdrawing relief claimed under Chapter 4 - company
In force
508V. Assessments for withdrawing relief under Chapter 4 - investor
In force
508W. Assessments for withdrawing relief under Chapter 5
In force
508X. Treatment of statement of qualification as a return
In force
508Y. Information
Chapter 12 Application of this Part (s. 508Z)
In force
508Z. Application of this Part
Part 17 Profit Sharing Schemes and Employee Share Ownership Trusts (ss. 509-519D)
Chapter 1 Profit sharing schemes (ss. 509-518)
In force
509. Interpretation (Chapter 1).
In force
510. Approved profit sharing schemes: appropriated shares.
In force
511. The period of retention, release date and appropriate percentage.
In force
511A. Shares acquired from an employee share ownership trust.
In force
512. Disposals of scheme shares.
In force
513. Capital receipts in respect of scheme shares.
In force
514. Company reconstructions, amalgamations, etc.
In force
515. Excess or unauthorised shares.
In force
516. Assessment of trustees in respect of sums received.
In force
517. Payments to trustees of approved profit sharing scheme.
In force
518. Costs of establishing profit sharing schemes.
Chapter 2 Employee share ownership trusts (s. 519)
In force
519. Employee share ownership trusts.
Chapter 3 Savings-related share option schemes (ss. 519A-519C)
In force
519A. Approved savings-related share option schemes.
In force
519B. Costs of establishing savings-related share option schemes.
In force
519C. Interest, etc. under certified contractual savings schemes.
Chapter 4 Approved Share Option Schemes (s. 519D)
In force
519D. Approved Share Option Schemes.
Part 18 Payments in Respect of Professional Services by Certain Persons and Payments to Subcontractors in Certain Industries (ss. 520-531)
Chapter 1 Payments in respect of professional services by certain persons (ss. 520-529A)
In force
520. Interpretation (Chapter 1).
In force
521. Accountable persons.
In force
522. Obligation on authorised insurers.
In force
523. Deduction of tax from relevant payments.
In force
524. Identification of, and issue of documents to, specified persons.
In force
525. Returns and collection of appropriate tax.
In force
526. Credit for appropriate tax borne.
In force
527. Interim refunds of appropriate tax.
In force
528. Apportionment of credits or interim refunds of appropriate tax.
In force
529. Limitation on credits or interim refunds of appropriate tax.
In force
529A. Partnerships.
Chapter 1A Payments in respect of non-resident artistes by companies qualifying for relief for investment in films (ss. 529B-529M)
In force
529B. Interpretation (Chapter 1A)
In force
529C. Deduction of tax from relevant payments
In force
529D. Identification of, and issue of documents to, specified persons
In force
529E. Returns by qualifying company
In force
529F. Payment of tax by qualifying company
In force
529G. Assessment by Revenue officer
In force
529H. Interest on late payment of appropriate tax
In force
529I. Repayment of appropriate tax
In force
529J. Obligation on specified person
In force
529K. Record keeping and inspection of records
In force
529L. Civil penalties
In force
529M. Miscellaneous
Chapter 2 Payments to subcontractors in certain industries (ss. 530-531)
In force
530. Interpretation (Chapter 2).
In force
530A. Principal to whom relevant contracts tax applies.
In force
530B. Notification of contract by principal.
In force
530C. Notification of relevant payment by principal.
In force
530D. Deduction authorisation.
In force
530E. Rates of tax.
In force
530F. Obligation on principals to deduct tax.
In force
530G. Zero rate subcontractor.
In force
530H. Standard rate subcontractor.
In force
530I. Determination of rates.
In force
530J. Register of principals.
In force
530K. Return by principal.
In force
530L. Payment of tax by principal.
In force
530M. Late returns and amendments.
In force
530N. Assessment by Revenue officer.
In force
530O. Computation of subcontractor's profit.
In force
530P. Treatment of deducted tax.
In force
530Q. Interest.
In force
530R. Partnerships.
In force
530S. Record keeping.
In force
530T. Inspection of records.
In force
530U. Civil penalties.
In force
530V. Miscellaneous.
In force
531. Payments to subcontractors in certain industries.
Levies (ss. 531A-531AAF)
Part 18A Income Levy (ss. 531A-531NA)
In force
531A. Definitions (Part 18A).
In force
531B. Charge to income levy.
In force
531C. Rate of charge.
In force
531D. Deduction and payment of income levy on relevant emoluments.
In force
531E. Record keeping.
In force
531F. Power of inspection.
In force
531G. Estimation of income levy due for income tax months and for year.
In force
531H. Assessment, collection, payment and recovery of income levy on aggregate income for the year of assessment.
In force
531I. Married couples.
In force
531J. False statements.
In force
531K. Repayments.
In force
531L. Restriction on deduction.
In force
531M. Application of provisions relating to income tax.
In force
531N. Care and management.
In force
531NA. Cessation of charge to income levy.
Part 18B Parking Levy in Urban Areas (ss. 531O-531Z)
Not yet in force
531O. Interpretation (Part 18B).
Not yet in force
531P. Urban areas to which parking levy applies and making of orders by the Minister.
Not yet in force
531Q. Entitlement to use a parking space.
Not yet in force
531R. Provision of parking space by employer.
Not yet in force
531S. Exemption for certain persons.
Not yet in force
531T. Charge to parking levy.
Not yet in force
531U. Rate of charge to parking levy.
Not yet in force
531V. Deduction of levy by employer.
Not yet in force
531W. No relief for any payment in relation to parking levy.
Not yet in force
531X. Records and regulations.
Not yet in force
531Y. Payment, collection and recovery.
Not yet in force
531Z. Penalties.
Part 18C Domicile Levy (ss. 531AA-531AK)
In force
531AA. Interpretation (Part 18C).
In force
531AB. Charge to domicile levy.
In force
531AC. Credit for income tax paid.
In force
531AD. Valuation procedures.
In force
531AE. Appeals regarding value of real property.
In force
531AF. Delivery of returns.
In force
531AG. Opinion of Revenue Commissioners.
In force
531AH. Making and amending of assessments by Revenue Commissioners.
In force
531AI. Right of Revenue Commissioners to make enquiries and amend assessments.
In force
531AJ. Application of provisions relating to income tax.
In force
531AK. Care and management.
Part 18D Universal Social Charge (ss. 531AL-531AAF)
In force
531AL. Definitions (Part 18D).
In force
531AM. Charge to universal social charge.
In force
531AN. Rate of charge.
In force
531AO. Deduction and payment of universal social charge on relevant emoluments.
In force
531AOA. Return by employer.
Deleted
531AP. Record keeping.
Deleted
531AQ. Power of inspection.
In force
531AR. Estimation of universal social charge due.
In force
531AS. Universal social charge payable by chargeable persons (within the meaning of Part 41).
In force
531AT. Universal social charge payable by persons other than chargeable persons (within the meaning of Part 41).
In force
531AU. Capital allowances and losses.
In force
531AUA. Universal social charge and approved profit sharing schemes.
In force
531AV. Married couples.
In force
531AW. Repayments.
In force
531AX. Restriction on deduction.
In force
531AY. Recovery of unpaid universal social charge.
In force
531AZ. Repayments of, and recovery of unpaid, income levy.
In force
531AAA. Application of provisions relating to income tax.
In force
531AAB. Regulations.
In force
531AAC. Care and management.
In force
531AAD. Excess bank remuneration charge.
In force
531AAE. Property relief surcharge.
In force
531AAF. Delegation of functions and discharge of functions by electronic means.
Taxation of Chargeable Gains (ss. 532-638)
Part 19 Principal Provisions Relating to Taxation of Chargeable Gains (ss. 532-613A)
Chapter 1 Assets and acquisitions and disposals of assets (ss. 532-543)
In force
532. Assets.
In force
533. Location of assets.
In force
534. Disposals of assets.
In force
535. Disposals where capital sums derived from assets.
In force
536. Capital sums: receipt of compensation and insurance moneys not treated as a disposal in certain cases.
In force
537. Mortgages and charges not to be treated as disposals.
In force
538. Disposals where assets lost or destroyed or become of negligible value.
In force
539. Disposals in cases of hire purchase and similar transactions.
In force
540. Options and forfeited deposits.
In force
540A. Disposal of certain emissions allowances.
In force
541. Debts.
In force
541A. Treatment of debts on a change in currency.
In force
541B. Restrictive covenants.
In force
541C. Tax treatment of certain venture fund managers.
In force
542. Time of disposal and acquisition.
In force
543. Transfers of value derived from assets.
Chapter 2 Computation of chargeable gains and allowable losses (ss. 544-566)
In force
544. Interpretation and general (Chapter 2).
In force
545. Chargeable gains.
In force
545A. Share disposals and central securities depositories
In force
546. Allowable losses.
In force
546A. Restrictions on allowable losses.
In force
547. Disposals and acquisitions treated as made at market value.
In force
548. Valuation of assets.
In force
549. Transactions between connected persons.
In force
550. Assets disposed of in series of transactions.
In force
551. Exclusion from consideration for disposals of sums chargeable to income tax.
In force
552. Acquisition, enhancement and disposal costs.
In force
553. Interest charged to capital.
In force
554. Exclusion of expenditure by reference to income tax.
In force
555. Restriction of losses by reference to capital allowances and renewals allowances.
In force
556. Adjustment of allowable expenditure by reference to consumer price index.
In force
557. Part disposals.
In force
558. Part disposals before 6th day of April, 1978.
In force
559. Assets derived from other assets.
In force
560. Wasting assets.
In force
561. Wasting assets qualifying for capital allowances.
In force
562. Contingent liabilities.
In force
563. Consideration due after time of disposal.
In force
564. Woodlands.
In force
565. Expenditure reimbursed out of public money.
In force
566. Leases.
Chapter 3 Assets held in a fiduciary or representative capacity, inheritances and settlements (ss. 567-579F)
In force
567. Nominees, bare trustees and agents.
In force
568. Liability of trustees, etc.
In force
569. Assets of insolvent person.
In force
570. Company in liquidation.
In force
571. Chargeable gains accruing on disposals by liquidators and certain other persons.
In force
572. Funds in court.
In force
573. Death.
In force
574. Trustees of settlement.
In force
575. Gifts in settlement.
In force
576. Person becoming absolutely entitled to settled property.
In force
577. Termination of life interest on death of person entitled.
In force
577A. Relinquishing of a life interest by the person entitled.
In force
578. Death of annuitant.
In force
579. Non-resident trusts.
In force
579A. Attribution of gains to beneficiaries.
In force
579B. Trustees ceasing to be resident in the State.
In force
579C. Death of trustee: special rules.
In force
579D. Past trustees: liability for tax.
In force
579E. Trustees ceasing to be liable to Irish tax.
In force
579F. Migrant settlements.
Chapter 4 Shares and securities (ss. 580-592)
In force
580. Shares, securities, etc: identification.
In force
581. Disposals of shares or securities within 4 weeks of acquisition.
In force
582. Calls on shares.
In force
583. Capital distributions by companies.
In force
584. Reorganisation or reduction of share capital.
In force
585. Conversion of securities.
In force
586. Company amalgamations by exchange of shares.
In force
587. Company reconstructions and amalgamations.
In force
588. Demutualisation of assurance companies.
In force
589. Shares in close company transferring assets at undervalue.
In force
590. Attribution to participators of chargeable gains accruing to non-resident company.
In force
591. Relief for individuals on certain reinvestment.
In force
591A. Dividends paid in connection with disposals of shares or securities.
Repealed
592. Reduced rate of capital gains tax on certain disposals of shares by individuals.
Chapter 5 Life assurance and deferred annuities (ss. 593-595)
In force
593. Life assurance and deferred annuities.
In force
594. Foreign life assurance and deferred annuities: taxation and returns.
In force
595. Life assurance policy or deferred annuity contract entered into or acquired by company.
Chapter 6 Transfer of business assets (ss. 596-600A)
In force
596. Appropriations to and from stock in trade.
In force
597. Replacement of business and other assets.
In force
597A. Entrepreneur relief.
In force
597AA. Revised entrepreneur relief
In force
598. Disposals of business or farm on "retirement".
In force
598A. Relief on dissolution of farming partnerships.
In force
599. Disposals within family of business or farm.
In force
600. Transfer of business to company.
In force
600A. Replacement of qualifying premises.
Chapter 7 Other reliefs and exemptions (ss. 601-613A)
In force
601. Annual exempt amount.
In force
602. Chattel exemption.
In force
603. Wasting chattels.
In force
603A. Disposal of site to child.
In force
604. Disposals of principal private residence.
In force
604A. Relief for certain disposals of land or buildings.
In force
604B. Relief for farm restructuring.
In force
604C. Exemption of certain payment entitlements.
In force
605. Disposals to authority possessing compulsory purchase powers.
In force
606. Disposals of work of art, etc., loaned for public display.
In force
607. Government and certain other securities.
In force
608. Superannuation funds.
In force
609. Charities.
In force
610. Other bodies.
In force
610A. Exemption for proceeds of disposal by sports bodies.
In force
611. Disposals to State, public bodies and charities.
In force
611A. Treatment of certain disposals made by The Pharmaceutical Society of Ireland.
In force
612. Scheme for retirement of farmers.
In force
613. Miscellaneous exemptions for certain kinds of property.
In force
613A. Supplementary provisions.
Part 20 Companies' Chargeable Gains (ss. 614-629C)
Chapter 1 General (ss. 614-626C)
In force
614. Capital distribution derived from chargeable gain of company: recovery of tax from shareholder.
In force
615. Company reconstruction or amalgamation: transfer of assets.
In force
616. Groups of companies: interpretation.
In force
617. Transfers of assets, other than trading stock, within group.
In force
618. Transfers of trading stock within group.
In force
619. Disposals or acquisitions outside group.
In force
620. Replacement of business assets by members of group.
In force
620A. Deemed disposal in certain circumstances.
In force
621. Depreciatory transactions in group.
In force
622. Dividend stripping.
In force
623. Company ceasing to be member of group.
In force
623A. Transitional provisions in respect of section 623.
In force
624. Exemption from charge under section 623 in case of certain mergers.
In force
625. Shares in subsidiary member of group.
In force
625A. Transitional provisions in respect of section 625.
In force
626. Tax on company recoverable from other members of group.
In force
626A. Restriction on set-off of pre-entry losses.
In force
626B. Exemption from tax in the case of gains on certain disposals of shares.
In force
626C. Treatment of assets related to shares.
Chapter 2 Provisions relating to exit tax, etc. (ss. 627-629C)
In force
627. Charge to exit tax
In force
628. Value of certain assets to be accepted for purposes of Capital Gains Tax Acts
Substituted
628A. Deferral of exit tax. [Substituted with new Chapter 2]
In force
629. Deferral of exit tax
In force
629A. Tax on non-resident company recoverable from another member of group or from controlling director
In force
629B. Transitional provision (power to serve notice under former section 629 not affected)
In force
629C. Company ceasing to be resident on formation of SE or SCE
Part 21 Provisions Relating to Mergers, Divisions and Transfers of Assets (ss. 630-638A)
Chapter 1 Mergers, divisions, transfers of assets and exchanges of shares concerning companies of different Member States (ss. 630-638)
In force
630. Interpretation (Part 21).
In force
631. Transfer of assets generally.
In force
632. Transfer of assets by company to its parent company.
In force
633. Company reconstruction or amalgamation: transfer of development land.
In force
633A. Formation of SE or SCE by merger - leaving assets in the State.
In force
633B. Formation of SE or SCE by merger - not leaving assets in the State.
In force
633C. Treatment of securities on a merger.
In force
633D. Mergers where a company is dissolved without going into liquidation.
In force
634. Credit for tax.
In force
635. Avoidance of tax.
In force
636. Returns.
In force
637. Other transactions.
In force
638. Apportionment of amounts.
Chapter 2 Mergers and divisions pursuant to Companies Act 2014 (s. 638A)
In force
638A. Company mergers and divisions
Transactions in Land (ss. 639-653)
Part 22 Provisions Relating to Dealing In or Developing Land and Disposals of Development Land (ss. 639-653)
Chapter 1 Income tax and corporation tax: profits or gains from dealing in or developing land (ss. 639-647)
In force
639. Interpretation (Chapter 1).
In force
640. Extension of charge under Case I of Schedule D to certain profits from dealing in or developing land.
In force
641. Computation under Case I of Schedule D of profits or gains from dealing in or developing land.
In force
642. Transfers of interests in land between certain associated persons.
In force
643. Tax to be charged under Case IV on gains from certain disposals of land.
In force
644. Provisions supplementary to section 643.
In force
644A. Relief from income tax in respect of income from dealing in residential development land.
In force
644AA. Treatment of losses from dealing in residential development land.
In force
644AB. Treatment of profits or gains from land rezonings.
In force
644B. Relief from corporation tax in respect of income from dealing in residential development land.
In force
644C. Relief from corporation tax for losses from dealing in residential development land.
In force
645. Power to obtain information.
In force
646. Postponement of payment of income tax to be permitted in certain cases.
In force
647. Postponement of payment of corporation tax to be permitted in certain cases.
Chapter 2 Capital gains tax: disposals of development land (ss. 648-653)
In force
648. Interpretation (Chapter 2).
In force
649. Companies chargeable to capital gains tax in respect of chargeable gains accruing on relevant disposals.
In force
649A. Relevant disposals: rate of charge.
In force
649B. Windfall gains from rezonings: rate of charge.
In force
650. Exclusion of certain disposals.
In force
651. Restriction of indexation relief in relation to relevant disposals.
In force
652. Non-application of reliefs on replacement of assets in case of relevant disposals.
In force
653. Restriction of relief for losses, etc. in relation to relevant disposals.
Other Special Provisions (ss. 654-848AG)
Part 23 Farming and Market Gardening (ss. 654-669K)
Chapter 1 Interpretation and general (ss. 654-664A)
In force
654. Interpretation (Part 23).
In force
655. Farming and market gardening profits to be charged to tax under Schedule D.
In force
656. Farming: trading stock of discontinued trade.
In force
657. Averaging of farm profits.
In force
657A. Taxation of certain farm payments.
In force
657B. Restructuring and diversification aid for sugar beet growers.
In force
658. Farming: allowances for capital expenditure on construction of buildings and other works.
In force
659. Farming: allowances for capital expenditure on the construction of farm buildings, etc. for control of pollution.
In force
660. Farming: wear and tear allowances deemed to have been made in certain cases.
In force
661. Farming: restriction of relief in respect of certain losses.
In force
662. Income tax: restriction of relief, for losses in farming or market gardening.
In force
663. Corporation tax: restriction of relief for losses in farming or market gardening.
In force
664. Relief for certain income from leasing of farm land.
In force
664A. Relief for increase in carbon tax on farm diesel.
Chapter 2 Farming: relief for increase in stock values (ss. 665-669)
In force
665. Interpretation (Chapter 2).
In force
666. Deduction for increase in stock values.
In force
667. Special provisions for qualifying farmers.
In force
667A. Further provisions for qualifying farmers.
In force
667B. New arrangements for qualifying farmers.
In force
667C. Special provisions for registered farm partnerships.
In force
667D. Succession farm partnerships
In force
667E. Authorised officers
In force
667F. Appeals officer
In force
667G. Appeals
In force
668. Compulsory disposals of livestock.
In force
669. Supplementary provisions (Chapter 2).
Chapter 3 Milk Quotas (ss. 669A-669F)
In force
669A. Interpretation.
In force
669B. Annual allowances for capital expenditure on purchase of milk quota.
In force
669C. Effect of sale of quota.
In force
669D. Manner of making allowances and charges.
In force
669E. Application of Chapter 4 of Part 9.
In force
669F. Commencement (Chapter 3).
Chapter 4 Taxation of stallion profits and gains (ss. 669G-669K)
In force
669G. Interpretation (Chapter 4).
In force
669H. Charging provisions.
In force
669I. Provisions as to deductions.
In force
669J. Credit for tax paid.
In force
669K. Miscellaneous (Chapter 4).
Part 24 Taxation of Profits of Certain Mines and Petroleum Taxation (ss. 670-696M)
Chapter 1 Taxation of profits of certain mines (ss. 670-683)
In force
670. Mine development allowance.
In force
671. Marginal coal mine allowance.
In force
672. Interpretation (sections 672 to 683).
In force
673. Allowance in respect of development expenditure and exploration expenditure.
In force
674. Expenditure on abortive exploration.
In force
675. Exploration expenditure incurred by certain bodies corporate.
In force
676. Expenditure incurred by person not engaged in trade of mining.
In force
677. Investment allowance in respect of exploration expenditure.
In force
678. Allowance for machinery and plant.
In force
679. Exploration expenditure.
In force
680. Annual allowance for mineral depletion.
In force
681. Allowance for mine rehabilitation expenditure.
In force
682. Marginal mine allowance.
In force
683. Charge to tax on sums received from sale of scheduled mineral assets.
Chapter 2 Petroleum taxation (ss. 684-696A)
In force
684. Interpretation (Chapter 2).
In force
685. Separation of trading activities.
Ceased
686. Reduction of corporation tax.
In force
687. Treatment of losses.
In force
688. Treatment of group relief.
In force
689. Restriction of relief for losses on certain disposals.
In force
690. Interest and charges on income.
Deleted
691. Restriction of set-off of advance corporation tax.
In force
692. Development expenditure: allowances and charges.
In force
693. Exploration expenditure: allowances and charges.
In force
694. Exploration expenditure incurred by certain companies.
In force
695. Abandonment expenditure: allowances and loss relief.
In force
696. Valuation of petroleum in certain circumstances.
In force
696A. Treatment of certain disposals.
Chapter 3 Profit Resource Rent Tax (ss. 696B-696F)
In force
696B. Interpretation and application (Chapter 3).
In force
696C. Charge to profit resource rent tax.
In force
696D. Provisions relating to groups (Chapter 3).
In force
696E. Returns (Chapter3).
In force
696F. Collection and general provisions.
Chapter 4 Petroleum production tax (ss. 696G-696M)
In force
696G. Interpretation and application (Chapter 4)
In force
696H. Charge to petroleum production tax
In force
696I. Petroleum production tax and corporation tax
In force
696J. Provisions relating to groups
In force
696K. Returns
In force
696L. Payment of tax
In force
696M. Collection and general provisions
Part 24A Shipping: Tonnage Tax (ss. 697A-697Q)
In force
697A. Interpretation(Part 24A).
In force
697B. Application.
In force
697C. Calculation of profits of tonnage tax company.
In force
697D. Election for tonnage tax.
In force
697E. Requirement that not more than 75 per cent of fleet tonnage is chartered in.
In force
697F. Requirement not to enter into tax avoidance arrangements.
In force
697G. Appeals.
In force
697H. Relevant shipping income: distributions of overseas shipping companies.
Deleted
697I. Relevant shipping income: cargo and passengers.
In force
697J. Relevant shipping income: foreign currency gains.
In force
697K. General exclusion of investment income.
In force
697L. Tonnage tax trade.
In force
697LA. Transactions between associated persons and between tonnage tax trade and other activities of same company.
In force
697LB. Treatment of finance costs.
In force
697M. Exclusion of reliefs, deductions and set-offs.
In force
697N. Chargeable gains.
In force
697O. Capital allowances: general.
In force
697P. Withdrawal of relief etc. on company leaving tonnage tax.
In force
697Q. Ten year disqualification from re-entry into tonnage tax.
Part 25 Industrial and Provident Societies, Building Societies, and Trustee Savings Banks (ss. 698-705)
Chapter 1 Industrial and provident societies (ss. 698-701)
In force
698. Interpretation (Chapter 1).
In force
699. Deduction as expenses of certain sums, etc.
In force
700. Special computational provisions.
In force
701. Transfer of shares held by certain societies to members of society.
Chapter 2 Building societies (ss. 702-703)
In force
702. Union or amalgamation of, transfer of engagement between, societies.
In force
703. Change of status of society.
Chapter 3 Trustee savings banks (ss. 704-705)
In force
704. Amalgamation of trustee savings banks.
In force
705. Reorganisation of trustee savings banks into companies.
Part 25A Real Estate Investment Trusts (ss. 705A-705Q)
In force
705A. Interpretation and application.
In force
705B. Conditions for notice under section 705E.
In force
705C. Conditions regarding shares.
In force
705D. Conditions regarding an accounting period.
In force
705E. Notice to become a Real Estate Investment Trust.
In force
705F. Duration of Real Estate Investment Trust.
In force
705G. Charge to tax.
In force
705H. Profit: financing cost ratio.
In force
705HA. Profit: calculating profits available for distribution.
In force
705I. Funds awaiting reinvestment.
In force
705IA. Disposals and reinvestments.
In force
705J. Taxation of shareholders.
In force
705K. Taxation of certain shareholders.
In force
705L. Transfer of assets.
In force
705M. Annual statement to Revenue.
In force
705N. Breach of conditions regarding distributions.
In force
705O. Cessation Notice.
In force
705P. Effect of cessation.
In force
705Q. Anti-avoidance provision.
Part 26 Life Assurance Companies (ss. 706-730K)
Chapter 1 General provisions (ss. 706-722)
In force
706. Interpretation and general (Part 26).
In force
707. Management expenses.
In force
708. Acquisition expenses.
In force
709. Companies carrying on life business.
In force
710. Profits of life business.
In force
711. Chargeable gains of life business.
In force
712. Distributions received from Irish resident companies.
In force
713. Investment income reserved for policyholders.
In force
714. Life business: computation of profits.
In force
715. Annuity business: separate charge on profits.
In force
716. General annuity business.
In force
717. Pension business.
In force
718. Foreign life assurance funds.
In force
719. Deemed disposal and reacquisition of certain assets.
In force
720. Gains or losses arising by virtue of section 719.
In force
721. Life policies carrying rights not in money.
In force
722. Benefits from life policies issued before 6th April, 1974.
Chapter 2 Special investment policies (ss. 723-725)
In force
723. Special investment policies.
In force
724. Transfer of assets into or out of special investment fund.
In force
725. Special investment policies: breaches of conditions.
Chapter 3 Provisions applying to overseas life assurance companies (ss. 726-730)
In force
726. Investment income.
In force
727. General annuity and pension business.
In force
728. Expenses of management.
In force
729. Income tax, foreign tax and tax credit.
Repealed
730. Tax credit in respect of distributions.
Chapter 4 Taxation of assurance companies - new basis (s. 730A)
In force
730A. Profits of life business: new basis.
Chapter 5 Policyholders - New basis (ss. 730B-730GB)
In force
730B. Taxation of policyholders.
In force
730BA. Personal portfolio life policy.
In force
730C. Chargeable event.
In force
730D. Gain arising on a chargeable event.
In force
730E. Declarations.
In force
730F. Deduction of tax on the happening of a chargeable event.
In force
730FA. Assessment of appropriate tax where tax not deducted under section 730F.
In force
730G. Returns and collection of appropriate tax.
In force
730GA. Repayment of appropriate tax.
In force
730GB. Capital acquisitions tax: set-off.
Chapter 6 Certain Foreign Life Policies - Taxation and Returns (ss. 730H-730K)
In force
730H. Interpretation and application.
In force
730I. Returns on acquisition of foreign life policy.
In force
730J. Payment in respect of foreign life policy.
In force
730K. Disposal of foreign life policy.
Part 27 Unit Trusts and Offshore Funds (ss. 731-747G)
Chapter 1 Unit trusts (ss. 731-739A)
In force
731. Chargeable gains accruing to unit trusts.
In force
732. Special arrangements for qualifying unit trusts.
In force
733. Reorganisation of units in unit trust scheme.
In force
734. Taxation of collective investment undertakings.
In force
735. Certain unit trusts not to be collective investment undertakings.
In force
736. Option for non-application of section 735.
In force
737. Special investment schemes.
In force
738. Undertaking for collective investments.
In force
739. Taxation of unit holders in undertakings for collective investment.
In force
739A. Reorganisation of undertakings for collective investment.
Chapter 1A Investment Undertakings (ss. 739B-739J)
In force
739B. Interpretation and application.
In force
739BA. Personal portfolio investment undertaking.
In force
739C. Charge to tax.
In force
739D. Gain arising on a chargeable event.
In force
739E. Deduction of tax on the occurrence of a chargeable event.
In force
739F. Returns and collection of appropriate tax.
In force
739FA. Electronic account filing requirement
In force
739G. Taxation of unit holders in investment undertakings.
In force
739H. Investment undertakings: reconstructions and amalgamations.
In force
739HA. Investment undertakings: amalgamations with offshore funds.
In force
739I. Common contractual funds.
In force
739J. Investment limited partnerships.
Chapter 1B Irish real estate funds (ss. 739K-739X)
In force
739K. Interpretation.
In force
739KA. Associated enterprises.
In force
739L. Calculating the IREF taxable amount.
In force
739LA. Profit: financing cost ratio.
In force
739LAA. Profit: financing cost ratio from 1 January 2020.
In force
739LB. Profit: calculating profits available for distribution.
In force
739LC. Exclusion for third-party debt.
In force
739M. Anti-avoidance: multiple funds.
In force
739N. Anti-avoidance: multiple funds further measures.
In force
739O. Tax arising on IREF taxable event.
In force
739P. Withholding tax arising on IREF taxable event.
In force
739Q. Repayment of IREF withholding tax.
In force
739R. Returns, payment and collection of IREF withholding tax.
In force
739QA. Advance clearance procedures for indirect investors in respect of withholding tax
In force
739QB. Advance clearance procedures for direct investors in respect of withholding tax
In force
739S. Statement to be given to recipients on the making of an IREF relevant payment.
In force
739T. Deduction from consideration on the disposal of certain units.
In force
739U. Retention and examination of documentation.
In force
739V. Transfer of IREF business to a company.
In force
739W. Transfer of IREF business to a REIT.
In force
739X. Application of this Chapter.
Chapter 2 Offshore funds (ss. 740-747)
In force
740. Interpretation (Chapter 2 and Schedules 19 and 20).
In force
741. Disposals of material interests in non-qualifying offshore funds.
In force
742. Offshore funds operating equalisation arrangements.
In force
743. Material interest in offshore funds.
In force
744. Non-qualifying offshore funds.
In force
745. Charge to income tax or corporation tax of offshore income gain.
In force
746. Offshore income gains accruing to persons resident or domiciled abroad.
In force
747. Deduction of offshore income gain in determining capital gain.
Chapter 3 Offshore funds: supplementary provisions (ss. 747A-747AA)
In force
747A. Capital gains tax: rate of charge.
In force
747AA. Treatment of certain offshore funds.
Chapter 4 Certain Offshore Funds - Taxation and Returns (ss. 747B-747FA)
In force
747B. Interpretation and application.
In force
747C. Return on acquisition of material interest.
In force
747D. Payment in respect of offshore funds.
In force
747E. Disposal of an interest in offshore funds.
In force
747F. Reconstructions and amalgamations in offshore funds.
In force
747FA. Offshore funds: amalgamations with investment undertakings.
Chapter 5 Relevant UCITS and Relevant AIF (s. 747G)
In force
747G. Tax treatment of a relevant UCITS or a relevant AIF.
Part 28 Purchase and Sale of Securities (ss. 748-753F)
Chapter 1 Purchase and sale of securities (ss. 748-751B)
In force
748. Interpretation and application (Chapter 1).
In force
749. Dealers in securities.
In force
750. Persons entitled to exemption.
In force
751. Traders other than dealers in securities.
In force
751A. Exchange of shares held as trading stock.
In force
751B. Exchange of Irish Government bonds.
Chapter 2 Purchases of shares by financial concerns and persons exempted from tax, and restriction on relief for losses by repayment of tax in case of dividends paid out of accumulated profits (ss. 752-753)
In force
752. Purchases of shares by financial concerns and persons exempted from tax.
In force
753. Restriction on relief for losses by repayment of tax in case of dividends paid out of accumulated profits.
Chapter 3 Stock borrowing and repurchase agreements (ss. 753A-753F)
In force
753A. Interpretation (Chapter 3).
In force
753B. Application.
In force
753C. Payment and receipt of dividends or interest and manufactured payments under a stock borrowing or repurchase agreement.
In force
753D. Refund of dividend withholding tax.
In force
753E. Anti-avoidance.
In force
753F. Records.
Part 29 Patents, Scientific and Certain Other Research, Know-How and Certain Training (ss. 754-769R)
Chapter 1 Patents (ss. 754-762)
In force
754. Interpretation (Chapter 1).
In force
755. Annual allowances for capital expenditure on purchase of patent rights.
In force
756. Effect of lapse of patent rights.
In force
757. Charges on capital sums received for sale of patent rights.
In force
758. Relief for expenses.
In force
759. Spreading of revenue payments over several years.
In force
760. Capital sums: effect of death, winding up and partnership changes.
In force
761. Manner of making allowances and charges.
In force
762. Application of Chapter 4 of Part 9.
Chapter 2 Scientific and certain other research (ss. 763-767)
In force
763. Interpretation (sections 764 and 765).
In force
764. Deduction for revenue expenditure on scientific research.
In force
765. Allowances for capital expenditure on scientific research.
In force
766. Tax credit for research and development expenditure.
In force
766A. Tax credit on expenditure on buildings or structures used for research and development.
In force
766B. Limitation of tax credits to be paid under section 766 or 766A.
Not yet in force
766C. Tax credit for research and development expenditure for smaller companies
Repealed
767. Payment to universities and other approved bodies for research in, or teaching of, approved subjects.
Chapter 3 Know-how and certain training (ss. 768-769)
In force
768. Allowance for know-how.
In force
769. Relief for training of local staff before commencement of trading.
Chapter 4 Transmission Capacity Rights (ss. 769A-769F)
In force
769A. Interpretation (Chapter 4).
In force
769B. Annual allowances for capital expenditure on purchase of capacity rights.
In force
769C. Effect of lapse of capacity rights.
In force
769D. Manner of making allowances and charges.
In force
769E. Application of Chapter 4 of Part 9.
In force
769F. Commencement (Chapter 4).
Chapter 5 Taxation of companies engaged in knowledge development (ss. 769G-769R)
In force
769G. Interpretation and general.
In force
769H. Families of products and assets.
In force
769I. Corporation tax referable to a specified trade.
In force
769J. Interaction with sections 766, 766A and 766B.
In force
769K. Adaptation of provisions relating to relief for relevant trading losses and relevant charges on income.
In force
769L. Documentation.
In force
769M. Anti-avoidance.
In force
769N. Application of Part 35A.
In force
769O. Transitional measures.
In force
769P. Time limits.
In force
769Q. Application.
In force
769R. Companies with income arising from intellectual property of less than €7,500,000.
Part 30 Occupational Pension Schemes, Retirement Annuities, Purchased Life Annuities and Certain Pensions (ss. 770-790E)
Chapter 1 Occupational pension schemes (ss. 770-782A)
In force
770. Interpretation and supplemental (Chapter 1).
In force
771. Meaning of "retirement benefits scheme".
In force
772. Conditions for approval of schemes and discretionary approval.
In force
772A. Approval of retirement benefits products.
In force
773. General Medical Services: scheme of superannuation.
In force
774. Certain approved schemes: exemptions and reliefs.
In force
775. Certain approved schemes: provisions supplementary to section 774(6).
In force
776. Certain statutory schemes: exemptions and reliefs.
In force
777. Charge to income tax in respect of certain relevant benefits provided for employees.
In force
778. Exceptions to charge to tax under section 777.
In force
779. Charge to income tax of pensions under Schedule E.
In force
779A. Transactions deemed to be pensions in payment.
In force
780. Charge to income tax on repayment of employees' contributions.
In force
781. Charge to income tax: commutation of entire pension.
In force
782. Charge to tax: repayments to employer.
In force
782A. Pre-retirement access to AVCs.
Chapter 2 Retirement annuities (ss. 783-787)
In force
783. Interpretation and general (Chapter 2).
In force
784. Retirement annuities: relief for premiums.
In force
784A. Approved retirement fund.
In force
784B. Conditions relating to an approved retirement fund.
In force
784C. Approved minimum retirement fund.
In force
784D. Conditions relating to an approved minimum retirement fund.
Deleted
784E. Returns, and payment of tax, by qualifying fund managers.
In force
785. Approval of contracts for dependants or for life assurance.
In force
786. Approval of certain other contracts.
In force
787. Nature and amount of relief for qualifying premiums.
Chapter 2A Personal Retirement Savings Accounts (ss. 787A-787L)
In force
787A. Interpretation and supplemental.
In force
787B. Relevant earnings and net relevant earnings.
In force
787C. PRSAs - method of granting relief for PRSA contributions.
In force
787D. Claims to relief.
In force
787E. Extent of relief.
In force
787F. Transfers to PRSAs.
In force
787G. Taxation of payments from a PRSA.
In force
787H. Approved Retirement Fund option.
In force
787I. Exemption of PRSA.
In force
787J. Allowance to employer.
In force
787K. Revenue approval of PRSA products.
In force
787L. Transfers to and from PRSA.
Chapter 2B Overseas Pension Plans: Migrant Member Relief (ss. 787M-787N)
In force
787M. Interpretation and general (Chapter 2B).
In force
787N. Qualifying overseas pension plans: relief for contributions.
Chapter 2C Limit on Tax-Relieved Pension Funds (ss. 787O-787U)
In force
787O. Interpretation and general (Chapter 2C).
In force
787P. Maximum tax-relieved pension fund.
In force
787Q.Chargeable excess.
In force
787R. Liability to tax and rate of tax on chargeable excess.
In force
787RA. Credit for tax paid on an excess lump sum.
In force
787S. Payment of tax due on chargeable excess.
In force
787T. Discharge of administrator from tax.
In force
787TA. Encashment option.
In force
787TB. Penalties.
In force
787U. Regulations (Chapter 2C).
Chapter 3 Purchased life annuities (ss. 788-789)
In force
788. Capital element in certain purchased annuities.
In force
789. Supplementary provisions (Chapter 3).
Chapter 4 Miscellaneous (s. 790-790E)
In force
790. Liability of certain pensions, etc. to tax.
In force
790A. Limit on earnings.
In force
790AA. Taxation of lump sums in excess of the tax free amount.
In force
790B. Exemption of cross-border scheme.
In force
790C. Relief for deduction under Financial Emergency Measures in the Public Interest Act 2009.
In force
790CA. Relief for additional superannuation contribution under Public Service Pay and Pensions Act 2017
In force
790D. Imputed distribution from certain funds.
In force
790E. Taxation of certain investment returns to relevant pension arrangements.
Part 31 Taxation of Settlors, Etc., in Respect of Settled or Transferred Income (ss. 791-798)
Chapter 1 Revocable dispositions for short periods and certain dispositions in favour of children (ss. 791-793)
In force
791. Income under revocable dispositions.
In force
792. Income under dispositions for short periods.
In force
793. Recovery of tax from trustee and payment to trustee of excess tax recoupment.
Chapter 2 Settlements on children generally (ss. 794-798)
In force
794. Interpretation and application (Chapter 2).
In force
795. Income settled on children.
In force
796. Irrevocable instruments.
In force
797. Recovery of tax from trustee and payment to trustee of excess tax recoupment.
In force
798. Transfer of interest in trade to children.
Part 32 Estates of Deceased Persons in Course of Administration and Surcharge on Certain Income of Trustees (ss. 799-805)
Chapter 1 Estates of deceased persons in course of administration (ss. 799-804)
In force
799. Interpretation (Chapter 1).
In force
800. Limited interest in residue.
In force
801. Absolute interest in residue.
In force
802. Supplementary provisions as to absolute interest in residue.
In force
803. Special provisions as to certain interests.
In force
804. Adjustments and information.
Chapter 2 Surcharge on certain income of trustees (s. 805)
In force
805. Surcharge on certain income of trustees.
Part 33 Anti-Avoidance (ss. 806-817I)
Chapter 1 Transfer of assets abroad (ss. 806-810)
In force
806. Charge to income tax on transfer of assets abroad.
In force
807. Deductions and reliefs in relation to income chargeable to income tax under section 806.
In force
807A. Liability of non-transferors.
In force
807B. Certain transitional arrangements in relation to transfer of assets abroad.
In force
807C. Supplementary provisions in relation to section 806 - apportionment in certain cases.
In force
808. Power to obtain information.