[GA]
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Number 11 of 2007
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FINANCE ACT 2007
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ARRANGEMENT OF SECTIONS
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PART 1
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Income Tax, Corporation Tax and Capital Gains Tax
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Chapter 1
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Interpretation
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Section
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1.Interpretation (Part 1).
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Chapter 2
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Income Tax
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2. Amendment of section 15 (rate of charge) of Principal Act.
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3. Personal tax credits.
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4. Age exemption.
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5. Amendment of section 473 (allowance for rent paid by certain tenants) of Principal Act.
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6. Amendment of section 244 (relief for interest paid on certain home loans) of Principal Act.
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7. Amendment of section 122 (preferential loan arrangements) of Principal Act.
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8. Employees of certain agencies: foreign service allowances.
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9. Personal reliefs: returns of certain information by third parties, etc.
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10. Amendment of section 126 (tax treatment of certain benefits payable under Social Welfare Acts) of Principal Act.
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11. Exemption from tax on certain income.
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12. Exemption in respect of certain expense payments.
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13. Amendment of Schedule 13 (accountable persons for purposes of Chapter 1 of Part 18) to Principal Act.
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14. Amendment of section 216A (rent-a-room relief) of Principal Act.
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15. Amendment of section 216C (childcare services relief) of Principal Act.
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16. Amendment of section 664 (relief for certain income from leasing of farm land) of Principal Act.
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17. Retirement benefits.
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18. Provisions relating to Chapter 2A (limitation on amount of certain reliefs used by certain high income individuals) of Part 15 of Principal Act.
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Chapter 3
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Income Tax, Corporation Tax and Capital Gains Tax
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19. Amendment of Part 16 (income tax relief for investment in corporate trades — business expansion scheme and seed capital scheme) of Principal Act.
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20. Amendment of Part 40 (appeals) of Principal Act.
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21. Amendment of section 373 (interpretation (Part 11)) of Principal Act.
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22. Amendment of section 657A (taxation of certain farm payments) of Principal Act.
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23. Restructuring aid for sugar beet growers.
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24. Amendment of Chapter 2 (farming: relief for increase in stock values) of Part 23 of Principal Act.
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25. Amendment of section 669A (interpretation) of Principal Act.
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26. Taxation of stallion profits and gains.
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27. Amendment of Schedule 26A (donations to approved bodies, etc.
) to Principal Act.
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28. Capital allowances for qualifying residential units associated with registered nursing homes.
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29. Mid-Shannon corridor tourism infrastructure investment scheme.
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30. Amendment of section 1008 (separate assessment of partners) of Principal Act.
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31. Amendment of Chapter 2 (payments to subcontractors in certain industries) of Part 18 of Principal Act.
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32. Amendment of Part 36A (special savings incentive accounts) of Principal Act.
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33. Amendment of Part 36B (pensions: incentive tax credits) of Principal Act.
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34. Certain interest payments by deposit takers.
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35. Relief from double taxation.
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36. Unilateral relief from double taxation.
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37. Amendment of section 81 (general rule as to deductions) of Principal Act.
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38. Dividend withholding tax.
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39. Amendment of Part 27 (unit trusts and offshore funds) of Principal Act.
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40. Investment undertakings and certain offshore funds: taxation of personal portfolio investment undertakings.
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41. Amendment of section 739D (gain arising on a chargeable event) of Principal Act.
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42. Amendment of section 730H (interpretation and application) of Principal Act.
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43. Amendment of Chapter 5 (policyholders — new basis) of Part 26 of Principal Act.
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44. Amendment of Chapter 1 (transfer of assets abroad) of Part 33 of Principal Act.
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45. Amendment of section 234 (certain income derived from patent royalties) of Principal Act.
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Chapter 4
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Corporation Tax
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46. Amendment of section 766 (tax credit for research and development expenditure) of Principal Act.
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47. Amendment of section 958 (date for payment of tax) of Principal Act.
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48. Group relief for certain foreign losses.
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49. Amendment of section 79B (matching of foreign currency assets with certain foreign currency share capital) of Principal Act.
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50. Amendment of section 452 (application of section 130 to certain interest) of Principal Act.
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51. Amendment of section 486B (relief for investment in renewable energy generation) of Principal Act.
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Chapter 5
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Capital Gains Tax
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52. Amendment of Chapter 6 (transfers of business assets) of Part 19 of Principal Act.
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53. Amendment of section 603A (disposal of site to child) of Principal Act.
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54. Amendment of Schedule 15 (list of bodies for purposes of section 610) to Principal Act.
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55. Amendment of section 746 (offshore income gains accruing to persons resident or domiciled abroad) of Principal Act.
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56. Amendment of section 980 (deduction from consideration on disposal of certain assets) of Principal Act.
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PART 2
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Excise
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57. Amendment of section 144 (power to deal with seizures, before and after condemnation) of Finance Act 2001.
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58. Miscellaneous excise repeals.
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59. Rates of mineral oil tax.
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60. Mineral oil tax rates for substitute fuels.
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61. Mineral oil tax offences.
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62. Rates of tobacco products tax.
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63. Amendment of section 130 (interpretation) of Finance Act 1992.
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64. Amendment of section 135 (temporary exemption from registration) of Finance Act 1992.
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65. Remission or repayment in respect of vehicle registration tax on certain hybrid electric vehicles, or certain flexible fuel vehicles, or certain electric vehicles.
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66. Amendment of section 21 (hours of business in registered premises) of Betting Act 1931.
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67. Excise duty on registration of firearms dealers.
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68. Excise duty on firearm certificate.
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69. Excise duty on firearm certificate for non-resident.
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70. Excise duty on authorisation of rifle or pistol club or shooting range.
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71. Excise duty on firearms training certificate.
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72. Excise duty on licence for reloading of ammunition.
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73. Excise duty on authorisation to possess, use, carry, sell or expose for sale a restricted firearm.
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74. Excise: designation of secure premises for keeping of detained or seized goods.
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PART 3
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Value-Added Tax
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75. Interpretation (Part 3).
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76. Amendment of section 3 (supply of goods) of Principal Act.
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77. Amendment of section 5 (supply of services) of Principal Act.
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78. Amendment of section 7 (waiver of exemption) of Principal Act.
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79. Amendment of section 8 (taxable persons) of Principal Act.
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80. Amendment of section 10 (amount on which tax is chargeable) of Principal Act.
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81. Amendment of section 10A (margin scheme goods) of Principal Act.
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82. Amendment of section 10B (special scheme for auctioneers) of Principal Act.
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83. Amendment of section 12 (deduction for tax borne or paid) of Principal Act.
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84. Amendment of section 12A (special provisions for tax invoiced by flat-rate farmers) of Principal Act.
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85. Amendment of section 12B (special scheme for means of transport supplied by taxable dealers) of Principal Act.
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86. Amendment of section 12C (special scheme for agricultural machinery) of Principal Act.
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87. Amendment of section 14 (determination of tax due by reference to cash receipts) of Principal Act.
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88. Amendment of section 15B (goods in transit (additional provisions)) of Principal Act.
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89. Amendment of section 16 (duty to keep records) of Principal Act.
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90. Amendment of section 17 (invoices) of Principal Act.
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91. Amendment of section 25 (appeals) of Principal Act.
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92. Amendment of section 32 (regulations) of Principal Act.
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93. Amendment of First Schedule to Principal Act.
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94. Amendment of Second Schedule to Principal Act.
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95. Amendment of Fourth Schedule to Principal Act.
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96. Amendment of Sixth Schedule to Principal Act.
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97. Miscellaneous amendments relating to Council Directive 2006/112/EC.
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98. Revocation, etc. (Part 3).
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PART 4
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Stamp Duties
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99. Interpretation (Part 4).
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100. Mortgages.
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101. Simplification measures.
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102. Amendment of section 81A (further relief from stamp duty in respect of transfers to young trained farmers) of Principal Act.
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103. Transfers to young trained farmers and qualifications.
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104. Further farm consolidation relief.
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105. Approved sports bodies.
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106. Amendment of section 83A (transfer of site to child) of Principal Act.
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107. Certain family farm transfers.
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108. Amendment of section 92B (residential property first time purchaser relief) of Principal Act.
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109. Amendment of Part 6 (special provisions relating to uncertificated securities) of Principal Act.
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110. Land: special provisions.
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111. Amendment of section 159A (time limits for claiming a repayment of stamp duty) of Principal Act.
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PART 5
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Capital Acquisitions Tax
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112. Interpretation (Part 5).
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113. Amendment of section 18 (computation of tax) of Principal Act.
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114. Amendment of section 21 (application of this Act) of Principal Act.
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115. Amendment of section 51 (payment of tax and interest on tax) of Principal Act.
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116. Amendment of section 86 (exemption relating to certain dwellings) of Principal Act.
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117. Amendment of section 89 (provisions relating to agricultural property) of Principal Act.
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PART 6
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Residential Property Tax
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118. Amendment of section 110A (clearance on sale of certain residential property) of Finance Act 1983.
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PART 7
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Miscellaneous
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119. Interpretation (Part 7).
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120. Amendment of section 1001 (liability to tax, etc. of holder of fixed charge on book debts of company) of Principal Act.
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121. Amendment of provisions relating to interest on repayments.
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122. Amendment of section 1003A (payment of tax by means of donation of heritage property to an Irish heritage trust) of Principal Act.
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123. Amendment of Part 38 (returns of income and gains, other obligations and returns, and revenue powers) of Principal Act.
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124. Amendment of Chapter 4 (revenue powers) of Part 38 of Principal Act.
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125. Amendment of section 1003 (payment of tax by means of donation of heritage items) of Principal Act.
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126. Amendment of section 1078 (revenue offences) of Principal Act.
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127. Customs Acts: designation of secure premises for keeping of detained or seized goods.
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128. Miscellaneous technical amendments in relation to tax.
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129. Care and management of taxes and duties.
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130. Short title, construction and commencement.
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SCHEDULE 1
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Amendments Consequential on Changes in Personal Tax Credits
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SCHEDULE 2
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Miscellaneous Technical Amendments in Relation to Arrangements for Relief from Double Taxation
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SCHEDULE 3
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Miscellaneous Amendments Relating to Council Directive 2006/112/EC
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SCHEDULE 4
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Miscellaneous Technical Amendments in Relation to Tax
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Acts Referred to
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Betting Act 1931
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1931, No. 27
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Bonded Warehouses Act 1848
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11 & 12 Vic., c. 122
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Capital Acquisitions Tax Consolidation Act 2003
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2003, No. 1
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Civil Service Regulation Act 1956
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1956, No. 46
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Companies Act 1990
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1990, No. 33
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Corporation Tax Act 1976
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1976, No. 7
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Criminal Evidence Act 1992
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1992, No. 12
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Criminal Justice Act 2006
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2006, No. 26
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Family Law Act 1995
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1995, No. 26
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Family Law (Divorce) Act 1996
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1996, No. 33
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Finance (1909-10) Act 1910
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10 Edw. 7, c. 8
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Finance Act 1925
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1925, No. 28
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Finance Act 1964
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1964, No. 15
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Finance Act 1971
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1971, No. 23
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Finance Act 1983
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1983, No. 15
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Finance Act 1992
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1992, No. 9
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Finance Act 1993
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1993, No. 13
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Finance Act 1998
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1998, No. 3
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Finance Act 1999
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1999, No. 2
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Finance Act 2000
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2000, No. 3
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Finance Act 2001
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2001, No. 7
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Finance Act 2002
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2002, No. 5
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Finance Act 2003
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2003, No. 3
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Finance Act 2004
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2004, No. 8
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Finance Act 2005
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2005, No. 5
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Finance Act 2006
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2006, No. 6
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Finance (Excise Duty on Tobacco Products) Act 1977
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1977, No. 32
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Firearms Act 1925
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1925, No. 17
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Firearms (Firearm Certificates for Non-Residents) Act 2000
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2000, No. 20
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Health Act 1970
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1970, No. 1
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Housing Act 1988
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1988, No. 28
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Housing (Private Rented Dwellings) Act 1982
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1982, No. 6
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Industrial Development Act 1986
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1986, No. 9
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Industrial Development Act 1995
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1995, No. 28
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Industrial Development (Science Foundation Ireland) Act 2003
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2003, No. 30
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Insurance Act 1936
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1936, No. 45
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Investment Limited Partnership Act 1994
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1994, No. 24
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Intoxicating Liquor Act 1988
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1988, No. 16
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Irish Horseracing Industry Act 1994
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1994, No. 18
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Liqueur Act 1848
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11 & 12 Vic., c. 121
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Official Secrets Act 1963
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1963, No. 1
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Pensions (Amendment) Act 2002
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2002, No. 18
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Planning and Development Act 2000
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2000, No. 30
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Residential Tenancies Act 2004
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2004, No. 27
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Social Welfare Act 2000
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2000, No. 4
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Social Welfare (Consolidation) Act 1993
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1993, No. 27
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Social Welfare Consolidation Act 2005
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2005, No. 26
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Stamp Duties Consolidation Act 1999
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1999, No. 31
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Taxes Consolidation Act 1997
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1997, No. 39
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Tourist Traffic Acts 1939 to 2003
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Unit Trusts Act 1990
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1990, No. 37
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Value-Added Tax Act 1972
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1972, No. 22
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Value-Added Tax Acts 1972 to 2006
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Waiver of Certain Tax, Interest and Penalties Act 1993
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1993, No. 24
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Wildlife Acts 1976 and 2000
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Number 11 of 2007
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FINANCE ACT 2007
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