Finance Act, 1965

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Number 22 of 1965.

FINANCE ACT, 1965

ARRANGEMENT OF SECTIONS

INCOME TAX

CUSTOMS AND EXCISE

12.	Beer.
13.	Spirits.
14.	Hydrocarbon oils.
15.	Tobacco.
16.	Wine.
17.	Amendment of section 38 of Finance Act, 1932.
18.	Pawnbrokers' licences.
19.	Amendment of section 1 (2) (b) of Finance (Excise Duties) (Vehicles) Act, 1952.

Part III

DEATH DUTIES

20.	Dispositions in favour of certain companies, etc.
21.	Discretionary trusts.
22.	Amendment of section 2 (2) of Finance Act, 1894.
23.	Extension of section 30 of Finance Act, 1941, etc.
24.	Benefits accruing pursuant to superannuation schemes.
25.	Cesser of proviso to section 4 of Finance Act, 1894, except with respect to certain property.
26.	Provisions relating to certain policies of assurance.
27.	Amendment of section 59 of Finance (1909-10) Act, 1910, and certain other enactments.
28.	Amendment of section 59 (2) of Finance 1909-10) Act, 1910, section 27 (a) of Finance Act, 1938, and section 24 (3) (a) of Finance Act, 1961.
29.	Abatement of estate duty.
30.	Abolition of legacy and succession duty in certain cases.

Part IV

STAMP DUTIES

31.	Relief from capital and transfer stamp duty in case of reconstructions or amalgamations of companies.

Part V

CORPORATION PROFITS TAX

32.	Continuance of certain exemptions from corporation profits tax.
33.	Exports relief.
34.	Cesser of section 14 of Finance Act, 1944.
35.	Provisions in connection with Part IX of Finance Act, 1963.

Part VI

TURNOVER TAX

36.	Amendment of section 47 of Finance Act, 1963.
37.	Amendment of section 48 of Finance Act, 1963.
38.	Amendment of First Schedule to Finance Act, 1963.
39.	Determination as to whether activity is exempted.
40.	Procedure where claim is required to be referred to Special Commissioners of Income Tax.

Part VII

PROFITS OR GAINS FROM DEALING IN OR DEVELOPING LAND: INCOME TAX AND SUR-TAX

41.	Interpretation (Part VII).
42.	Extension of Schedule D charge to certain profits from dealing in or developing land.
43.	Computation under Case I of Schedule D of profits or gains from dealing in or developing land.
44.	Computation under Case VI of Schedule D of profits or gains from dealing in or developing land.
45.	Transfers of interests in land between certain associated persons.
46.	Tax to be charged under Case VI of Schedule D in relation to the sale of certain shares.
47.	Application of section 46 to sales of shares in holding companies.
48.	Provisions supplementary to sections 46 and 47.

Part VIII

TRADES, PROFESSIONS AND VOCATIONS CARRIED ON IN PARTNERSHIP: INCOME TAX AND SUR-TAX

49.	Interpretation (Part VIII).
50.	Power to require return as to sources of partnership income and amounts derived therefrom.
51.	Separate assessment of partners.
52.	Capital allowances and balancing charges in partnership cases.
53.	Modification of provisions as to appeals.
54.	Provision as to charges under section 50 of Finance Act, 1959.
55.	Miscellaneous amendments.

Part IX

AMENDMENT OF PART IX OF FINANCE ACT, 1963: INCOME TAX AND SUR-TAX

56.	Amendment of section 83 of Finance Act, 1963.
57.	Certain leases to be deemed to have required payments of premiums.
58.	Charge on assignment of lease granted at undervalue and charge on sale of land with right to reconveyance.
59.	Amendment of section 92 of Finance Act, 1963.
60.	Amendment of section 93 of Finance Act, 1963.

Part X

MISCELLANEOUS

61.	Capital Services Redemption Account.
62.	Amendment of section 11 of Finance Act, 1962.
63.	Amendment of section 2 of Finance (Profits of Certain Mines) (Temporary Relief from Taxation) Act, 1956.
64.	Relief for certain gifts.
65.	Power of Special Commissioners to order payment of tax in assessments under appeal.
66.	Repeals.
67.	Care and management of taxes and duties.
68.	Short title, construction and commencement.

FIRST SCHEDULE

SPIRITS (RATES OF ORDINARY CUSTOMS DUTY)

SECOND SCHEDULE

DUTIES ON TOBACCO

Part I —CUSTOMS

Part II —EXCISE

THIRD SCHEDULE

ENACTMENTS REPEALED

Acts Referred to
Finance Act, 1946	1946, No. 15
Finance Act, 1959	1959, No. 18
Income Tax Act, 1918	1918, c. 40
Finance Act, 1922	1922, c. 17
Finance Act, 1929	1929, No. 32
Finance Act, 1924	1924, No. 27
Finance Act, 1925	1925, No. 28
Finance Act, 1926	1926, No. 35
Finance Act, 1953	1953, No. 21
Finance Act, 1923	1923, No. 21
Finance (Miscellaneous Provisions) Act, 1956	1956, No. 47
Finance Act, 1958	1958, No. 25
Finance Act, 1960	1960, No. 19
Finance Act, 1956	1956, No. 22
Finance Act, 1963	1963, No. 23
Finance Act, 1964	1964, No. 15
Finance Act, 1933	1933, No. 15
Finance Act, 1920	1920, c. 18
Finance Act, 1962	1962, No. 15
Finance (Customs Duties) (No. 4) Act, 1931	1931, No. 43
Imposition of Duties (No. 84) (Hydrocarbon Oils) (Customs Duties) Order, 1959	S.I. No. 219 of 1959
Finance Act, 1957	1957, No. 20
Finance Act, 1932	1932, No. 20
Finance Act, 1934	1934, No. 31
Finance Act, 1940	1940, No. 14
Finance Act, 1948	1948, No. 12
Finance Act, 1949	1949, No. 13
Pawnbrokers Act, 1964	1964, No. 31
Finance (Excise Duties) (Vehicles) Act, 1952	1952, No. 24
Finance Act, 1941	1941, No. 14
Finance Act, 1894	1894, c. 30
Finance (1909-10) Act, 1910	1910, c. 8
Finance Act, 1914	1914 (Sess. 1), c. 10
Finance Act, 1955	1955, No. 13
Customs and Inland Revenue Act, 1889	1889, c. 7
Finance Act, 1961	1961, No. 23
Finance Act, 1938	1938, No. 25
Stamp Act, 1891	1891, c. 39
Finance Act, 1895	1895, c. 16
Companies Act, 1963	1963, No. 33
Finance Act, 1944	1944, No. 18
Finance Act, 1942	1942, No. 14
Finance Act, 1950	1950, No. 18
Land Act, 1965	1965, No. 2

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Number 22 of 1965.

FINANCE ACT, 1965

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. [30th July, 1965.]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS :—

Finance Act, 1965 Permanent Page URL

Finance Act, 1965

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