Vol. 350 No. 2
I move:
That provision be made in the Act giving effect to this Resolution to amend section 3 of the Finance Act, 1969 (No. 21 of 1969), so as to limit the deduction to which an individual may be entitled under that section, in respect of a person employed by that individual to take care of an incapacitated individual, to the lesser of the net cost of employing that person and the amount of the deduction specified in the section.
I move:
That, as respects the year 1984-85 or a subsequent year of assessment, the provisions of section 349 of the Income Tax Act, 1967 (No. 6 of 1967), which provides exemption from income tax and corporation tax for certain income of bodies established for the promotion of athletic or amateur games or sports, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.
I move:
That provision be made in the Act giving effect to this Resolution so as to secure, in the manner and to the extent specified in that Act, that the provisions of section 465 of the Income Tax Act, 1967 (No. 6 of 1967), and section 63 of the Finance Act, 1969 (No. 21 of 1969), shall not apply to certain non-interest-bearing securities.
I move:
That provision be made in the Act giving effect to this Resolution so as to secure, in the manner and to the extent specified in that Act, that, as respects a person who sells or transfers securities, interest on the securities shall be treated for the purposes of income tax and corporation tax as accruing on a day to day basis to that person.
I move:
That, in relation to a case where there is an appeal against an assessment to income tax for the year 1984-85 or subsequent years of assessment, provision be made, in the manner and to the extent specified in the Act giving effect to this Resolution, for an increase (to 85 per cent. of the income tax found to be chargeable on the determination of the appeal) of the amount of such tax that is required to be paid not later than two months from the date on which it becomes due and payable if liability for payment of interest on any balance of such tax so found to be chargeable is to be avoided.
I move:
That the reduced rate of tax referred to in section 31 (1) of the Corporation Tax Act, 1976 (No. 7 of 1976), be increased, in the manner and to the extent specified in the Act giving effect to this Resolution, as respects arrangements entered into for the year 1984-85 under the said section 31 by the Revenue Commissioners and building societies and that the amount representing income tax payable for that year pursuant to those arrangements shall be payable in two equal instalments at the times specified in the Act giving effect to this Resolution.
I move:
That provision be made in the Act giving effect to this Resolution so as to restrict, in the manner and to the extent specified in that Act, relief from income tax and corporation tax in respect of capital allowances on leased machinery or plant.
I move:
That provision be made in the Act giving effect to this Resolution so as to secure, in the manner and to the extent specified in that Act, that any interest or other distribution in respect of certain securities of companies shall not be treated as a distribution for the purposes of corporation tax.
I move:
That provision be made in the Act giving effect to this Resolution so as to secure, in the manner and to the extent specified in that Act, that in respect of a dividend paid to a company on certain preference shares—
(a) the company receiving the dividend shall not be entitled to a tax credit in respect thereof, and
(b) the dividend shall be chargeable to corporation tax.
I move:
That provision be made in the Act giving effect to this Resolution so as to restrict, in the manner and to the extent specified in that Act, the relief from capital gains tax provided for in section 25 of the Capital Gains Tax Act, 1975 (No. 20 of 1975), where the gain accruing to an individual on the disposal, in whole or in part, of his only or main residence (including its garden or grounds up to an area not exceeding one acre) exceeds the gain which would have accrued to him on the disposal if the consideration for the disposal did not exceed the current use value, at the time of the disposal, of the property disposed of.
I move:
That section 8 of the Value-Added Tax Act, 1972 (No. 22 of 1972), be amended, in the manner and to the extent specified in the Act giving effect to this Resolution, in relation to the categories of persons who are not taxable persons within the meaning of that Act required to be registered for value-added tax under section 9 of that Act.
I move:
That provision be made in the Act giving effect to this Resolution for—
(a) charging a stamp duty, in accordance with the provisions of that Act, at the rates specified in that Act on statements of certain amounts required by that Act to be delivered to the Revenue Commissioners by banks, and
(b) imposing, in accordance with the provisions of that Act, a penalty in respect of non-compliance with such of those provisions as relate to the stamp duty.
I move:
That provision be made in the Act giving effect to this Resolution for—
(a) Charging a stamp duty, in accordance with the provisions of that Act, at the rate specified in that Act on statements of certain amounts received by insurers in respect of premiums required by that Act to be delivered to the Revenue Commissioners by insurers, and
(b) imposing, in accordance with the provisions of that Act, a requirement for the payment of certain interest in respect of non-compliance with such of those provisions as relate to the stamp duty.
I move:
That section 41 of the Finance Act, 1970 (No. 14 of 1970), be amended, with respect to bills of exchange and promissory notes drawn on or after the date of the passing of the Act giving effect to this Resolution, by the substitution of "7p" for "5p" in both places where it occurs.
I move:
That section 17 of the Finance (No. 2) Act, 1981 (No. 28 of 1981), be amended, with respect to credit cards and charge cards issued or renewed on or after the date of the passing of the Act giving effect to this Resolution, by the substitution of "£5" for "£2.50" and of "£10" for "£5" in both places where it occurs.
I move:
That provision be made in the Act giving effect to this Resolution so as to secure, in the manner and to extent specified in that Act, that—
(a) inheritance tax shall be charged, with effect as on and from the 25th day of January, 1984, on property which is, or becomes, subject to a discretionary trust;
(b) the said tax shall be paid by such persons, in such circumstances and at such rate as may be specified in the Act giving effect to this Resolution.
I move:
That, as respect gifts and inheritances taken on or after the 26th day of March, 1984, the Second Schedule to the Capital Acquisitions Tax Act, 1976 (No. 8 of 1976), which relates to the computation of capital acquisitions tax, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.
