Number 15/1951: FINANCE ACT, 1951

Next (PART I. Income Tax.)

15 1951

[GA]

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Number 15 of 1951.

[GA]

FINANCE ACT, 1951.

ARRANGEMENT OF SECTIONS

PART I.

Income Tax.

Section
1.	Income tax and sur-tax for the year 1951-52.
2.	Increase of personal allowance for married man.
3.	Increase of deductions in respect of children.
4.	Allowances from total income—persons aged sixty-five or upwards.
5.	Exemptions for trade unions.
6.	Conversions under Government Loans (Conversion) Act, 1951.

PART II.

Customs and Excise.

7.	Mineral hydrocarbon light oils.
8.	Hydrocarbon oil.
9.	Mineral hydrocarbon light oils—exemption.
10.	Modification of exemption from entertainments duty.
11.	Warehousing on drawback—home-made liqueurs and compounds.

PART III.

Death Duties.

12.	Operation of certain exemptions.
13.	Alteration of rates of estate duty.
14.	Provisions consequential on alteration of rates of estate duty.

PART IV.

Relief of Double Taxation: Income Tax and Corporation Profits Tax.

15.	Relief from double taxation on profits from business of sea or air transport.
16.	Construction of this Part of this Act.

PART V.

Stamp Duties.

17.	Alteration of stamp duties on conveyances and transfers of land.
18.	Alteration of stamp duties on leases.
19.	Exception from application of section 13 of Finance (No. 2) Act, 1947, and sections 24 and 25 of Finance Act, 1949.
20.	Alteration of stamp duties on certain conveyances and transfers of stock and marketable securities.

PART VI.

Miscellaneous and General.

21.	Transfer of money from the Road Fund to the Exchequer.
22.	Capital Services Redemption Account.
23.	Repeals.
24.	Care and management of taxes and duties.
25.	Short title, construction and commencement.

FIRST SCHEDULE.

Scale of Rates of Estate Duty.

SECOND SCHEDULE.

Enactments Repealed.

Acts Referred to
Finance Act, 1947	No. 15 of 1947
Finance Act, 1944	No. 18 of 1944
Finance Act, 1939	No. 18 of 1939
Finance Act, 1937	No. 18 of 1937
Finance (Customs Duties) (No. 4) Act, 1931	No. 43 of 1931
Finance Act, 1948	No. 12 of 1948
Finance (Miscellaneous Provisions) Act, 1935	No. 7 of 1935
Finance Act, 1935	No. 28 of 1935
Finance Act, 1923	No. 21 of 1923
Finance Act, 1929	No. 32 of 1929
Finance Act, 1941	No. 14 of 1941
Finance Act, 1931	No. 31 of 1931
Finance (No. 2) Act, 1947	No. 33 of 1947
Finance Act, 1949	No. 13 of 1949
Housing (Amendment) Act, 1948	No. 1 of 1948
Housing (Amendment) Act, 1950	No. 25 of 1950
Finance Act, 1950	No. 18 of 1950

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Number 15 of 1951.

FINANCE ACT, 1951.

AN ACT TO CHARGE AND IMPOSE CERTAIN DUTIES OF CUSTOMS AND INLAND REVENUE (INCLUDING EXCISE), TO AMEND THE LAW RELATING TO CUSTOMS AND INLAND REVENUE (INCLUDING EXCISE) AND TO MAKE FURTHER PROVISIONS IN CONNECTION WITH FINANCE. [11th July, 1951.]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—