Finance Act, 1950

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Number 18 of 1950.

FINANCE ACT, 1950.

ARRANGEMENT OF SECTIONS

Income Tax.

Section
1.	Income tax and sur-tax for the year 1950-51.
2.	Amendment of section 3 of the Finance Act, 1925.
3.	Extension of section 8 of the Finance Act, 1932.
4.	Exemption of allowances: Griffith Settlement Act, 1923, and Army Pensions Act, 1937.

PART II.

Customs and Excise.

5.	Cesser of preferential rates of customs duties on unmanufactured tobacco.
6.	Entertainments duty—entertainment proceeds of which are for educational, philanthropic, or charitable purposes.
7.	Entertainments duty—entertainment consisting of amateur wrestling.
8.	Appraisers' licences—exemption.
9.	Regulations in relation to aerodromes, aircraft, etc.

PART III.

Death Duties.

10.	Confirmation of Convention set forth in First Schedule.

PART IV.

Corporation Profits Tax.

11.	Continuance of certain exemptions from corporation profits tax.

PART V.

Relief of Double Taxation: Income Tax, Sur-Tax and Corporation Profits Tax.

12.	Confirmation of Convention set forth in Second Schedule.
13.	Provision as to dividends.
14.	Determination of reduced Irish rate.
15.	Construction of this Part of this Act.

PART VI.

Stamp Duties.

16.	Exception from application of sections 24 and 25 of Finance Act, 1949.
17.	Stamp duties on certain instruments in cases of reduction of rent.
18.	Exemption from stamp duty of certain receipts.
19.	Agreements as to stamp duty on industrial assurance policies.

PART VII.

Miscellaneous and General.

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

FIRST SCHEDULE.

Convention between the Government of Ireland and the Government of the United States of America for the avoidance of double taxation and the prevention of fisal evasion with respect to taxes on the estates of deceased persons

SECOND SCHEDULE.

Reciprocal relief of double taxation in respect of Irish Income Tax, Sur Tax and Corporation Profits Tax and United States Federal Income Taxes, Including Sur Taxes

Acts Referred to
Finance Act, 1925	No. 28 of 1925
Finance Act, 1946	No. 15 of 1946
Finance Act, 1932	No. 20 of 1932
Army Pensions (Increase) Act, 1949	No. 28 of 1949
Griffith Settlement Act, 1923	No. 5 of 1923
Army Pensions Act, 1937	No. 15 of 1937
Finance Act, 1949	No. 13 of 1949
Finance Act, 1943	No. 16 of 1943
Auctioneers and House Agents Act, 1947	No. 10 of 1947
Air Navigation and Transport Act, 1946	No. 23 of 1946
Air Navigation and Transport Act, 1950	No. 4 of 1950
Finance Act, 1929	No. 32 of 1929
Finance Act, 1931	No. 31 of 1931
Finance Act, 1932	No. 20 of 1932
Finance Act, 1925	No. 28 of 1925
Finance Act, 1940	No. 14 of 1940
Finance Act, 1949	No. 13 of 1949
Finance Act, 1949	No. 13 of 1949
Insurance Act, 1936	No. 45 of 1936
Finance Act, 1941	No. 14 of 1941
Finance Act, 1949	No. 13 of 1949
Finance Act, 1941	No. 14 of 1941
Finance Act, 1943	No. 16 of 1943

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Number 18 of 1950.

FINANCE ACT, 1950.

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. [5th July, 1950.]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—

Finance Act, 1950 Permanent Page URL

Finance Act, 1950

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