Finance Act 2024

Finance Act 2024 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.ie) Translations (Houses of the Oireachtas) Government Publications for Sale EU Law (EUR-Lex) FAQ Disclaimer Feedback Helpdesk Search Baile Reachtaíocht Achtanna an Oireachtais Ionstraimí Reachtúla Reachtaíocht Réamh-1922 Bunreacht Acmhainní Seachtracha Billí (Tithe an Oireachtais) Iris Oifigiúil Achtanna Athbhreithnithe (CAD) (An Coimisiún um Athchóiriú an Dlí) Liosta Rangaithe Reachtaíochta Aistriúcháin (achtanna.ie) Aistriúcháin (Tithe an Oireachtais) Foilseacháin Rialtais ar Díol Dlí AE (EUR-Lex) CCanna (Ceisteanna Coitianta) Séanadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(s) or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 2024 Finance Act 2024 Finance Act 2024 Permanent Page URL View by SectionAmharc de réir Ailt View Full ActAmharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRí arna ndéanamh faoin Acht Open PDFOscail PDF Print Full ActPriontáil an tAcht Iomlán Number 43 of 2024 FINANCE ACT 2024 CONTENTS

PART 1

Universal Social Charge, Income Tax, Corporation Tax and Capital Gains Tax

Chapter 1

Interpretation Section

Section 1

Chapter 2

Universal Social Charge

Section 2

Chapter 3

Income Tax

Section 3

Section 4

Section 5

Section 6

Section 7

Section 8

Section 9

Section 10

Section 11

Section 12

Section 13

Section 14

Section 15

Section 16

Section 17

Section 18

Section 19

Section 20

Section 21

Section 22

Section 23

Section 24

Section 25

Section 26

Section 27

Section 28

Section 29

Chapter 4

Income Tax, Corporation Tax and Capital Gains Tax

Section 30

Section 31

Section 32

Section 33

Section 34

Section 35

Section 36

Section 37

Section 38

Section 39

Section 40

Section 41

Section 42

Section 43

Section 44

Section 45

Section 46

Chapter 5

Corporation Tax

Section 47

Section 48

Section 49

Section 50

Section 51

Section 52

Chapter 6

Capital Gains Tax

Section 53

Section 54

Section 55

Section 56

PART 2

Excise

Chapter 1

E-Liquid Products Tax

Section 57

Section 58

Section 59

Section 60

Section 61

Section 62

Section 63

Section 64

Section 65

Section 66

Section 67

Section 68

Chapter 2

Miscellaneous

Section 69

Section 70

Section 71

Section 72

Section 73

Section 74

Section 75

Section 76

PART 3

Value-Added Tax

Section 77

Section 78

Section 79

Section 80

Section 81

Section 82

Section 83

Section 84

Section 85

Section 86

Section 87

Section 88

PART 4

Stamp Duties

Section 89

Section 90

Section 91

Section 92

Section 93

Section 94

Section 95

Section 96

PART 5

Capital Acquisitions Tax

Section 97

Section 98

Section 99

Section 100

Section 101

PART 6

Miscellaneous

Section 102

Section 103

Section 104

Section 105

Section 106

Section 107

Section 108

Section 109

Section 110

Section 111

Section 112

Section 113

Section 114

Section 115

Section 116

Section 117

Section 118

PART 1

Universal Social Charge, Income Tax, Corporation Tax and Capital Gains Tax

Chapter 1

Interpretation Interpretation (Part 1) 1. In this Part, “Principal Act” means the Taxes Consolidation Act 1997 .

Chapter 2

Universal Social Charge Amendment of section 531AN of Principal Act (rate of charge) 2. (1) Section 531AN of the Principal Act is amended— (a) in subsection (3), by the substitution of “€27,382” for “€25,760”, and (b) by the substitution of the following for Part 1 of the Table to that section: “Part 1 Part of aggregate income

Chapter 3

Income Tax Rate of charge and personal tax credits 3. As respects the year of assessment 2025 and subsequent years of assessment, the Principal Act is amended— (a) in section 15— (i) in subsection (3)(i), by the substitution of “€35,000” for “€33,000”, and (ii) by the substitution of the following Table for the Table to that section: “TABLE

PART 1

Part of taxable income

PART 2

Part of taxable income

PART 3

Part of taxable income

Amendment of section 472BB of Principal Act (sea-going naval personnel credit) 4. Section 472BB(3) of the Principal Act is amended by the substitution of “Where for any of the years of assessment 2021 to 2029 (both years inclusive)” for “Where for the year of assessment 2021, 2022, 2023 or 2024”.

Amendment of section 473B of Principal Act (rent tax credit) 5. (1) Section 473B of the Principal Act is amended— (a) in subsection (1), in the definition of “specified amount”— (i) in paragraph (a), by the substitution of “€10,000” for “€5,000”, and (ii) in paragraph (b), by the substitution of “€5,000” for “€2,500”, and (b) in subsection (13)— (i) by the substitution of “€1,000” for “€750”, and (ii) by the substitution of “€2,000” for “€1,500”.

Amendment of section 473C of Principal Act (mortgage interest tax relief) 6. Section 473C of the Principal Act is amended— (a) in subsection (1)— (i) by the substitution of the following definition for the definition of “qualifying period”: “ ‘qualifying period’ means— (a) for the purposes of subsection (4), the period commencing on 1 January 2023 and ending on 31 December 2023, and (b) for the purposes of subsection (4A), the period commencing on 1 January 2024 and ending on 31 December 2024;”, and (ii) by the substitution of the following definition for the definition of “relievable interest”: “ ‘relievable interest’ has the meaning given to it— (a) by subsection (4), in the case of the year of assessment 2023, and (b) by subsection (4A), in the case of the year of assessment 2024;”, (b) in subsection (2), by the substitution of “a qualifying period referred to in paragraph (a) or (b), as the case may be, of the definition of that term in subsection (1)” for “the qualifying period”, (c) in subsection (4)(a), by the substitution of “For the purposes of this section, in respect of a claim under subsection (2) for the year of assessment 2023,” for “For the purposes of this section,”, (d) by the insertion of the following subsection after subsection (4): “(4A) (a) For the purposes of this section, in respect of a claim under subsection (2) for the year of assessment 2024, relievable interest, in relation to an individual, shall be an amount determined by the formula— A - B where— A is the amount of qualifying interest for the year of assessment 2024, and B is the amount of qualifying interest for the year of assessment 2022. (b) Where qualifying interest paid for a year of assessment referred to in paragraph (a) is for a period where the number of days in the years of assessment to which ‘A’ and ‘B’ in the formula in paragraph (a) relate are not the same, the amount of qualifying interest represented by ‘A’ or ‘B’, as the case may be, in the formula in paragraph (a) shall— (i) where the number of days in the year of assessment to which ‘A’ relates is greater than the number of days in the year of assessment to which ‘B’ relates, be determined by the following formula— A × D/E and (ii) where the number of days in the year of assessment to which ‘B’ relates is greater than the number of days in the year of assessment to which ‘A’ relates, be determined by the following formula— B × D/E where— D is the number of days in the year of assessment with the lesser number of days, and E is the number of days in the year of assessment with the greatest number of days.”,

(e) in subsection (5), by the substitution of “Where, for the year of assessment 2023” for “Where, for a year of assessment”, (f) by the insertion of the following subsection after subsection (5): “(5A) Where, for the year of assessment 2024, qualifying interest referred to in subsection (4A) is for a period of less than 365 days, then— (a) where— (i) the number of days in the year of assessment to which ‘A’ in the formula in subsection (4A) relates is less than 365 and the number of days in the year of assessment to which ‘B’ in the formula in subsection (4A) relates is equal to 365, or (ii) the number of days in the year of assessment to which ‘B’ in the formula in subsection (4A) relates is less than 365 and the number of days in the year of assessment to which ‘A’ in the formula in subsection (4A) relates is equal to 365, the upper limit shall be determined by the formula— F × G/H or (b) where the number of days in the year of assessment to which ‘A’ in the formula in subsection (4A) relates is less than 365 and the number of days in the year of assessment to which ‘B’ in the formula in subsection (4A) relates is less than 365, then, the upper limit shall be determined by the formula— F × I/J where— F is €6,250, G is the number of days in the year of assessment with the lesser number of days, H is the number of days in the year of assessment with the greater number of days, I is the number of days in the year of assessment with the lesser number of days, and J is 365 days.”, (g) in subsection (7)(a), by the substitution of “a qualifying period referred to in paragraph (a) or (b), as the case may be, of the definition of that term in subsection (1)” for “the qualifying period”, (h) in subsection (8)(a), by the substitution of “the calendar year 2023 or 2024, as the case may be,” for “the calendar year 2023”, (i) in subsection (9)(b), by the substitution of “subsection (4) or (4A), as the case may be” for “subsection (4)”, and (j) in subsection (11)(e), by the substitution of the following subparagraphs for subparagraphs (i) and (ii): “(i) the qualifying interest paid by the claimant for— (I) the year of assessment 2022, (II) the qualifying period referred to in paragraph (a) of the definition of that term in subsection (1) to which the claim relates, or (III) the qualifying period referred to in paragraph (b) of the definition of that term in subsection (1) to which the claim relates, (ii) where subsection (9)(b) applies, the total qualifying interest paid by all of the individuals concerned for—

(I) the year of assessment 2022, (II) the qualifying period referred to in paragraph (a) of the definition of that term in subsection (1) to which the claim relates, or (III) the qualifying period referred to in paragraph (b) of the definition of that term in subsection (1) to which the claim relates, and”.

Amendment of section 477C of Principal Act (Help to Buy) 7. Section 477C of the Principal Act is amended— (a) in subsection (1)— (i) in the definition of “qualifying period”, by the substitution of “31 December 2029” for “31 December 2025”, and (ii) in paragraph (c) of the definition of “qualifying residence”, by the deletion of “and a direct sales agreement (within the meaning of section 7 of the Act of 2021)”, (b) in subsection (5A), by the substitution of “31 December 2029” for “31 December 2025”, (c) in subsection (8)(b), by the substitution of “2029” for “2025”, (d) in subsection (16)(a), in subparagraphs (ii) and (iii), by the substitution of “31 December 2029” for “31 December 2025”, and (e) in subsection (25), by the substitution of “31 December 2029” for “31 December 2025”.

Amendment of section 112B of Principal Act (granting of vouchers) 8. (1) Section 112B of the Principal Act is amended— (a) in subsection (1), by the substitution of the following definition for the definition of “qualifying incentive”: “ ‘qualifying incentive’ means a relevant incentive that is the first, second, third, fourth or fifth relevant incentive given to an employee in a year of assessment where— (a) in the case of a first relevant incentive, the value does not exceed €1,500, (b) in the case of a second relevant incentive, the cumulative value of the first and second relevant incentives does not exceed €1,500, (c) in the case of a third relevant incentive, the cumulative value of the first, second and third relevant incentives does not exceed €1,500, (d) in the case of a fourth relevant incentive, the cumulative value of the first, second, third and fourth relevant incentives does not exceed €1,500, and (e) in the case of a fifth relevant incentive, the cumulative value of the first, second, third, fourth and fifth relevant incentives does not exceed €1,500;”, and (b) by the insertion of the following subsection after subsection (2): “(3) This section shall cease to have effect for the year of assessment 2030 and subsequent years of assessment.”.

Amendment of section 118 of Principal Act (benefits in kind: general charging provision) 9. (1) Section 118 of the Principal Act is amended by the substitution of the following subsection for subsection (5H): “(5H) (a) Subsection (1) shall not apply to expense incurred by the body corporate in, or in connection with, the provision, for a director or employee, in any of its business premises, of a facility for the electric charging of vehicles, where all the employees and directors of that body corporate can avail of the facility. (b) Subsection (1) shall not apply to expense incurred by the body corporate in, or in connection with, the provision, without any transfer of property in it, for a director or employee, of a facility for the charging of an electric vehicle at the director’s or employee’s qualifying residence, where an electric vehicle, to which section 121 or 121A, as the case may be, applies, is made available to the director or employee. (c) In this subsection— ‘electric vehicle’ has the meaning assigned to it by section 121; ‘qualifying residence’ means a residential premises situated in the State which is occupied by a director or employee, as the case may be, as his or her sole or main residence for the year of assessment concerned.”.

Amendment of section 121 of Principal Act (benefit of use of car) 10. Section 121(4A) of the Principal Act is amended— (a) in paragraph (aa)(iii), by the substitution of “subject to paragraph (ab), €35,000” for “€35,000”, (b) in paragraph (ab)— (i) by the substitution of “years of assessment 2023, 2024 and 2025” for “years of assessment 2023 and 2024”, and (ii) in subparagraph (i)— (I) by the substitution of “subparagraph (i), (ii) or (iii)” for “subparagraph (i) or (ii)”, and (II) in clause (I), by the substitution of “subparagraph (i), (ii) or (iii)” for “subparagraph (i) or (ii)”, and (c) in paragraph (ba), by the substitution of “years of assessment 2023, 2024 and 2025” for “years of assessment 2023 and 2024”.

Amendment of section 121A of Principal Act (benefit of use of van) 11. Section 121A(2)(b) of the Principal Act is amended— (a) in subparagraph (vii)(III), by the substitution of “subject to subparagraph (viii), €35,000” for “€35,000”, (b) in subparagraph (viii), (i) by the substitution of “years of assessment 2023, 2024 and 2025” for “years of assessment 2023 and 2024”, and (ii) in clause (I)— (I) by the substitution of “clause (I), (II) or (III)” for “clause (I) or (II)”, and (II) in subclause (A) by the substitution of “clause (I), (II) or (III)” for “clause (I) or (II)”.

Employer contributions to PRSAs and PEPPs 12. The Principal Act is amended— (a) in section 118, by the substitution of the following subsection for subsection (5): “(5) Subsection (1) shall not apply to expense incurred by the body corporate in or in connection with the provision for a director or employee, or for the director’s or employee’s spouse, civil partner, children or dependants, or for the children of the director’s or employee’s civil partner, of any— (a) pension, annuity, lump sum or gratuity, (b) contribution to a Personal Retirement Savings Account (within the meaning of Chapter 2A of Part 30), provided that contribution does not exceed the employer limit (within the meaning of section 787A), (c) contribution to a PEPP (within the meaning of Chapter 2D of Part 30), provided that contribution does not exceed the employer limit (within the meaning of section 787V), or (d) other like benefit to be given on the death or retirement of the director or employee.”, (b) in section 787A(1), by the insertion of the following definitions: “ ‘emoluments’ has the same meaning as in Chapter 4 of Part 42; ‘employer limit’, in relation to a contribution by an employer to an employee’s PRSA, means an amount not exceeding— (a) 100 per cent of the employee’s emoluments in the year of assessment from that employer, or (b) where the employee’s emoluments for the year of assessment from that employer are lower than that employee’s emoluments for the previous year of assessment from that employer by virtue of— (i) receipt of a benefit paid under the Social Welfare Consolidation Act 2005 to which section 126 applies, (ii) a period of unpaid leave approved by the employer, or (iii) a period of sick leave at a reduced rate of emoluments or in respect of which no emoluments are paid by the employer, 100 per cent of the employee’s emoluments from that employer in the previous year of assessment;”, (c) in section 787E, by the insertion of the following subsection after subsection (1): “(1A) Where an employer makes a contribution to an employee’s PRSA and the total of such contributions exceeds the employer limit, the sum of those contributions made, less the employer limit, shall be chargeable to tax as income of the employee, in accordance with section 118(1).”, (d) in section 787J— (i) in subsection (2), by the substitution of “Subject to subsections (2A) and (3)” for “Subject to subsection (3)”, and (ii) by the insertion of the following subsection after subsection (2): “(2A) Subsection (2) shall not apply to that portion of an employer’s contributions to an employee’s PRSA that exceeds the employer limit for that employee.”,

(e) in section 787V(1), by the insertion of the following definitions: “ ‘emoluments’ has the same meaning as in Chapter 4 of Part 42; ‘employer limit’, in relation to a contribution by an employer to an employee’s PEPP, means an amount not exceeding— (a) 100 per cent of the employee’s emoluments in the year of assessment from that employer, or (b) where the employee’s emoluments for the year of assessment from that employer are lower than that employee’s emoluments for the previous year of assessment from that employer by virtue of— (i) receipt of a benefit paid under the Social Welfare Consolidation Act 2005 to which section 126 applies, (ii) a period of unpaid leave approved by the employer, or (iii) a period of sick leave at a reduced rate of emoluments or in respect of which no emoluments are paid by the employer, 100 per cent of the employee’s emoluments in the previous year of assessment from that employer;”, (f) in section 787Z by the insertion of the following subsection after subsection (1): “(1A) Where an employer makes a contribution to an employee’s PEPP and the total of such contributions exceeds the employer limit, the sum of those contributions made, less the employer limit, shall be chargeable to tax as income of the employee, in accordance with section 118(1).”, and (g) in section 787AD— (i) in subsection (2), by the substitution of “Subject to subsections (2A) and (3)” for “Subject to subsection (3)”, and (ii) by the insertion of the following subsection after subsection (2): “(2A) Subsection (2) shall not apply to that portion of an employer’s contributions to an employee’s PEPP that exceeds the employer limit for that employee.”.

Pensions (standard fund threshold) 13. The Principal Act is amended— (a) in section 787O(1)— (i) by the insertion of the following definition: “ ‘quarterly estimate for average weekly earnings’ means the quarterly estimate for average weekly earnings contained in the Earnings, Hours and Employment Costs Survey published by the Central Statistics Office, from information obtained pursuant to the Job Vacancy Survey and the Labour Costs Survey conducted by that Office pursuant to orders made under section 25 of the Statistics Act 1993 , or any equivalent survey conducted and published from time to time by that Office pursuant to orders so made;”, and (ii) by the substitution of the following definition for the definition of “standard fund threshold”: “ ‘standard fund threshold’, in relation to an individual for a year of assessment, means— (a) for each of the years of assessment 2014 to 2025, €2,000,000, (b) for the year of assessment 2026, €2,200,000, (c) for the year of assessment 2027, €2,400,000, (d) for the year of assessment 2028, €2,600,000, (e) for the year of assessment 2029, €2,800,000, (f) for the year of assessment 2030, the higher of €2,800,000 or an amount determined by the formula— €2,800,000 × (A/B) where— A is the quarterly estimate for average weekly earnings for the third quarter of 2029, and B is the quarterly estimate for average weekly earnings for the first quarter of 2025, and (g) for the year of assessment 2031 and each subsequent year of assessment (each of which said year of assessment is referred to in this paragraph as the ‘relevant year’) the higher of the standard fund threshold for the year of assessment immediately preceding the relevant year or an amount determined by the formula— S × (A/B) where— S is the standard fund threshold for the year of assessment immediately preceding the relevant year, A is the quarterly estimate for average weekly earnings for the third quarter of the year immediately preceding the relevant year, and B is the quarterly estimate for average weekly earnings for the third quarter of the year immediately preceding the year preceding the relevant year;”, (b) in section 790AA(1)(a), by the substitution of the following definition for the definition of “standard chargeable amount”: “ ‘standard chargeable amount’ means €500,000 less the tax free amount;”, and (c) in Schedule 23B— (i) in paragraph 2, by the insertion of the following subparagraph after subparagraph (ba): “(baa) the individual transfers assets from the PRSA into a vested PRSA within the meaning of section 790D(1),”,

and (ii) in paragraph 3, by the insertion of the following subparagraph after subparagraph (da): “(daa) where the benefit crystallisation event is an event of a kind referred to in paragraph 2(baa), the aggregate of the amount of so much of the cash sums and the market value of the assets transferred to the vested PRSA within the meaning of section 790D(1),”.

Automatic enrolment retirement savings system 14. (1) Part 30 of the Principal Act is amended by the insertion of the following Chapter after Chapter 2D: “CHAPTER 2E Automatic Enrolment Retirement Savings System Interpretation (Chapter 2E) 787AE. In this Chapter— ‘Act of 2024’ means the Automatic Enrolment Retirement Savings System Act 2024 ; ‘AE provider scheme’ has the same meaning as it has in the Act of 2024; ‘Authority’ means An tÚdarás Náisiúnta um Uathrollú Coigiltis Scoir; ‘balance’ has the same meaning as it has in Part 5 of the Act of 2024; ‘contributing participant’ has the same meaning as it has in the Act of 2024; ‘contribution’ has the same meaning as it has in the Act of 2024; ‘emoluments’ has the same meaning as it has in Chapter 4 of Part 42; ‘employee’ has the same meaning as it has in Chapter 4 of Part 42; ‘employer’ has the same meaning as it has in Chapter 4 of Part 42; ‘employer contribution’ has the same meaning as it has in the Act of 2024; ‘investment management provider’ has the same meaning as it has in the Act of 2024; ‘participant’ has the same meaning as it has in the Act of 2024; ‘participant account’, in relation to a participant, means the account maintained for the participant by the Authority under section 76 of the Act of 2024; ‘participant contribution’ has the same meaning as it has in the Act of 2024; ‘personal representative’ has the same meaning as it has in Part 5 of the Act of 2024; ‘redemption date’ shall be construed in accordance with Chapter 2 of Part 5 of the Act of 2024; ‘redemption value’, in relation to units in an AE provider scheme on any date, has the same meaning as it has in Part 5 of the Act of 2024; ‘Revenue officer’ means an officer of the Revenue Commissioners; ‘State contribution’ has the same meaning as it has in the Act of 2024; ‘unit’, in relation to an AE provider scheme, has the same meaning as it has in Part 4 of the Act of 2024.

Allowance to employer 787AF. (1) For the purposes of this section, ‘chargeable period’ means an accounting period of a company or a year of assessment.

Repayments to employer 787AG. Where a repayment of employer contributions is made or becomes due to an employer under section 64 of the Act of 2024 as a result of an overpayment of contributions to the Authority, the repayment shall be treated for the purposes of the Tax Acts as a receipt of that trade or undertaking receivable when the repayment is due or on the last day on which the trade or undertaking is carried on by the employer, whichever is the earlier.

Exemption of AE provider schemes 787AH. (1) Exemption from income tax shall, on a claim being made in that behalf, be allowed in respect of income derived from investments or deposits of assets held in an AE provider scheme if it is income from investments or deposits held for the purposes of the scheme.

Taxation of payments from automatic enrolment retirement savings system 787AI. (1) Subject to subsections (2), (3) and (4)— (a) the balance of any funds, after any lump sum withdrawn in accordance with subsection (3), that a participant withdraws from his or her participant account, or that the Authority credits to the participant’s personal representative, shall, notwithstanding anything in section 18 or 19, be treated as a payment to the participant of emoluments to which Schedule E applies and, accordingly, the provisions of Chapter 4 of Part 42 shall apply to any such payment or amount treated as a payment, and (b) the Authority shall deduct tax from the balance held in that participant’s account at the higher rate for the year of assessment in which the balance is made available unless the Authority has received from the Revenue Commissioners a revenue payroll notification (within the meaning of section 983) for that year in respect of the participant.

Automatic enrolment retirement savings system (amendments consequential on insertion of Chapter 2E in Part 30) 15. (1) The Principal Act is amended— (a) in section 118, by the insertion of the following subsection after subsection (5L): “(5M) Subsection (1) shall not apply to expense incurred by the body corporate in the provision for an employee (within the meaning of Chapter 2E of Part 30) of a contribution (within the meaning of Chapter 2E of Part 30).”, (b) in Part 7, by the insertion of the following section after section 192P: “Exemption in respect of State contribution under automatic enrolment retirement savings system 192Q. A State contribution (within the meaning of the Automatic Enrolment Retirement Savings System Act 2024 ) shall be exempt from income tax and shall not be reckoned in computing total income for the purposes of the Income Tax Acts or in computing amounts chargeable to universal social charge in accordance with Part 18D.”, (c) in section 246(3)— (i) in paragraph (i), by the substitution of “such subsidiary,” for “such subsidiary, or”, (ii) in paragraph (j), by the substitution of “such subsidiary,” for “such subsidiary.”, and (iii) by the insertion of the following paragraphs after paragraph (j): “(k) interest paid to the Authority (within the meaning of Chapter 2E of Part 30), or (l) interest paid by the Authority (within the meaning of Chapter 2E of Part 30).”, (d) in section 256(1), in the definition of “relevant deposit”— (i) in paragraph (a)— (I) in subparagraph (v), by the substitution of “The Investor Compensation Company Limited,” for “The Investor Compensation Company Limited, or”, (II) in subparagraph (vi), by the substitution of “Icarom plc, or” for “Icarom plc,”, and (III) by the insertion of the following subparagraph after subparagraph (vi): “(vii) An tÚdarás Náisiúnta um Uathrollú Coigiltis Scoir,”, (ii) in paragraph (k), by the substitution of “Revenue Commissioners,” for “Revenue Commissioners, or”, (iii) in paragraph (l), by the substitution of “relevant deposit taker, or” for “relevant deposit taker;”, and (iv) by the insertion of the following paragraph after paragraph (l): “(m) which is made by the Authority (within the meaning of Chapter 2E of Part 30) in respect of contributions (within the meaning of the Automatic Enrolment Retirement Savings System Act 2024 ) made to the Authority;”, (e) in section 608(2), by the substitution of “PEPP assets (within the meaning of Chapter 2D of Part 30) or held by or on behalf of that person as units in an AE provider scheme (within the meaning of Chapter 2E of Part 30)” for “PEPP assets (within the meaning of Chapter 2D of Part 30)”,

(f) in section 706(3), by the insertion of the following paragraph after paragraph (e): “(f) any contract with an AE provider scheme (within the meaning of the Automatic Enrolment Retirement Savings System Act 2024 );”, (g) in section 739D(6), by the insertion of the following paragraph after paragraph (kc): “(kd) is a participant within the meaning of the Automatic Enrolment Retirement Savings System Act 2024 , the units are held by the Authority within the meaning of that Act on behalf of the participant and the Authority has made a declaration to that effect to the investment undertaking,”, (h) in section 787O(1)— (i) in the definition of “administrator”— (I) in paragraph (d), by the substitution of “section 787U,” for “section 787U, and”, (II) in paragraph (e), by the substitution of “Chapter 2D, and” for “Chapter 2D;”, and (III) by the insertion of the following paragraph after paragraph (e): “(f) An tÚdarás Náisiúnta um Uathrollú Coigiltis Scoir;”, (ii) in the definition of “member”, by the substitution of “Chapter 2D, a participant within the meaning of Chapter 2E” for “Chapter 2D”, (iii) in the definition of “relevant pension arrangement”— (I) in paragraph (f), by the substitution of “paragraph (e),” for “paragraph (e), or”, (II) in paragraph (g), by the substitution of “that Chapter, or” for “that Chapter;”, and (III) by the insertion of the following paragraph after paragraph (g): “(h) the automatic enrolment retirement savings system means the system established, maintained and controlled by the Authority (within the meaning of Chapter 2E) under that Act of 2024;”, and (iv) by the insertion of the following definition: “ ‘participant’ has the same meaning as it has in Chapter 2E;”, and (i) in section 790AA(1)(a), in the definition of “relevant pension arrangement”— (i) in subparagraph (vii), by the substitution of “that Chapter,” for “that Chapter;”, and (ii) by the insertion of the following subparagraph after subparagraph (vii): “(viii) the automatic enrolment retirement savings system established, maintained and controlled by the Authority (within the meaning of Chapter 2E) under the Automatic Enrolment Retirement Savings System Act 2024 ;”.

Amendment of Part 3 of Schedule 26A to Principal Act (approval of body as eligible charity) 16. Part 3 of Schedule 26A to the Principal Act is amended— (a) in paragraph 3(c)— (i) in clause (i), by the deletion of “for a period of not less than 2 years”, and (ii) in clause (ii), by the deletion of “at least 2 years before that date”, (b) in paragraph 3A, by the substitution of the following subparagraph for subparagraph (a): “(a) each restructured or amalgamated body held an authorisation as at the date of the initiation of the process of re-organisation, and”, and (c) in paragraph 3B, by the substitution of the following subparagraph for subparagraph (a): “(a) the restructured body held an authorisation as at the date of the initiation of the process of re-organisation, and”.

Amendment of Chapter 1 of Part 7 of Principal Act 17. Chapter 1 of Part 7 of the Principal Act is amended— (a) in section 207— (i) in subsection (1)— (I) in paragraph (a), by the substitution of “are applied to charitable purposes only and provided the said application occurs before the cut-off point specified in subsection (1A)(a)(i)” for “are applied to charitable purposes only”, (II) in paragraph (b), by the substitution of “are applied to charitable purposes only and provided the said application occurs before the cut-off point specified in subsection (1A)(a)(ii)” for “are applied to charitable purposes only”, and (III) in paragraph (c), by the substitution of “are applied to those purposes and provided the said application occurs before the cut-off point specified in subsection (1A)(a)(iii)” for “are applied to those purposes”, and (ii) by the insertion of the following subsection after subsection (1): “(1A) (a) Subject to paragraph (b), the cut-off point referred to in each of paragraphs (a), (b) and (c) of subsection (1) shall in each such case be the end of the fifth year of assessment after the year of assessment in which there were received, as the case may be— (i) the rents and profits referred to in paragraph (a) of subsection (1), (ii) the income referred to in paragraph (b) of subsection (1), or (iii) the interest, annuities, dividends or shares of annuities referred to in paragraph (c) of subsection (1). (b) The Revenue Commissioners, or such officer of the Revenue Commissioners as they may authorise in that behalf, may allow an extension of the cut-off point specified in subparagraph (i), (ii) or (iii), as the case may be, of paragraph (a) subject to the Revenue Commissioners or that officer, as the case may be, being satisfied that— (i) the rents and profits referred to in paragraph (a)(i), (ii) the income referred to in paragraph (a)(ii), or (iii) the interest, annuities, dividends or shares of annuities referred to in paragraph (a)(iii), as the case may be, are in the process of being applied to charitable purposes.”, (b) in section 208— (i) in subsection (2)— (I) in paragraph (a), by the insertion of “and are applied solely to charitable purposes before the cut-off point specified in subsection (4)(a)(i)” after “owned and occupied by a charity”, and (II) in paragraph (b), by the substitution of “are applied solely to the purposes of the charity before the cut-off point specified in subsection (4)(a)(ii)” for “are applied solely to the purposes of the charity”, and

(ii) by the insertion of the following subsection after subsection (3): “(4) (a) Subject to paragraph (b), the cut-off point referred to in each of paragraphs (a) and (b) of subsection (1) shall be the end of the fifth year of assessment after the year of assessment in which there were accrued, as the case may be— (i) the profits or gains referred to in subsection (1)(a), or (ii) the profits referred to in subsection (1)(b). (b) The Revenue Commissioners, or such officer of the Revenue Commissioners as they may authorise in that behalf, may allow an extension of the cut-off point specified in subparagraph (i) or (ii), as the case may be, of paragraph (a) subject to the Revenue Commissioners or that officer, as the case may be, being satisfied that the charity is in the process of applying, to charitable purposes— (i) the profits or gains referred to in paragraph (a)(i), or (ii) the profits referred to in paragraph (a)(ii).”, and (c) in section 208A, by the insertion of the following subsection after subsection (4): “(4A) Where a person or trust has received a determination in accordance with subsection (3) and has income in the State of a kind referred to in section 207 or 208, as the case may be, the Revenue Commissioners, or such officer of the Revenue Commissioners as they may authorise in that behalf, may allow an extension of the cut-off point referred to in section 207(1A) or section 208(4), as appropriate, subject to the Revenue Commissioners or that officer, as the case may be, being satisfied that the person or trust is in the process of applying the income concerned to charitable purposes.”.

Amendment of section 235 of Principal Act (bodies established for promotion of athletic or amateur games or sports) 18. Section 235 of the Principal Act is amended— (a) in subsection (1)— (i) by the insertion of “and section 235A” after “In this section”, and (ii) in paragraph (b)(iii) of the definition of “approved body of persons”, by the substitution of “the year 2023” for “the year 2022”, and (b) in subsection (3)— (i) in paragraph (a), by the substitution of “clause (I)” for “paragraph (I)”, and (ii) in paragraph (b), by the substitution of “clause (II)” for “paragraph (II)”.

Exemption for certain sporting national governing bodies 19. The Principal Act is amended by the insertion of the following section after section 235: “235A. (1) In this section— ‘appropriate tax’, ‘deposit’, ‘relevant deposit taker’ and ‘relevant interest’ have the same meaning, respectively, as they have in Chapter 4 of Part 8; ‘disability’, in relation to an individual, means a substantial restriction in the capacity of the individual— (a) to carry on a profession, business or occupation in the State, or (b) to participate in social or cultural life in the State by reason of an enduring physical, sensory, mental health or intellectual impairment; ‘elite athlete’ means an individual who— (a) is in receipt of financial support provided by Sport Ireland under the scheme commonly known as the Sport Ireland International Carding Scheme, or (b) competes at a senior level, and is a participant, in a high performance training programme of a relevant national governing body in respect of which programme the body receives, from Sport Ireland, financial support commonly known as the Sport Ireland High Performance Programme Funding; ‘maximum amount’ means €100,000,000; ‘Minister’ means the Minister for Tourism, Culture, Arts, Gaeltacht, Sports and Media; ‘relevant national governing body’ means a body which— (a) is Olympic Federation of Ireland, Paralympics Ireland or recognised by Sport Ireland as a national governing body for a sport, (b) is listed as a ‘Type C’ organisation on the register maintained and published by Sport Ireland and known as the Register of Organisations in Compliance with the Governance Code for Sport, (c) is approved under subsection (4) for the purposes of this section by the Minister, (d) has been issued with a tax clearance certificate in accordance with section 1095 and such tax clearance certificate has not been rescinded under subsection (3A) of that section, and (e) is an approved body of persons; ‘qualifying project’, in relation to a relevant national governing body, means one or more of the following: (a) the purchase, construction or refurbishment of a building or structure, or part of a building or structure, to be used for sporting or recreation activities; (b) the purchase of land to be used in the provision of sporting or recreation facilities; (c) the purchase of permanently based equipment (excluding personal equipment) for use in the provision of sporting or recreation facilities; (d) the improvement of playing pitches, surfaces or facilities; (e) the repayment of, or the payment of interest on, money borrowed by a relevant national governing body on or after 1 January 2025 for any of the purposes referred to in paragraphs (a) to (d);

(f) the purchase of sports equipment approved by the Minister as eligible for funding under the fund commonly known as the Community Sports Facilities Fund and that equipment is used for sporting or recreation activities; (g) measures to support elite athletes in achieving excellence in competitive sport; (h) measures which form part of a programme of a relevant national governing body commonly known as a Women in Sport programme in respect of which programme the body receives, from Sport Ireland, financial support commonly known as the Sport Ireland Women in Sport Programme Funding; (i) measures which enable the participation in sport of persons with a disability, and which form part of a programme of a relevant national governing body in respect of which programme the body receives, from Sport Ireland, financial support commonly known as the Sport Ireland Core Funding or Sport Ireland Field Sport Funding.

Amendment of section 847A of Principal Act (donations to certain sports bodies) 20. (1) Section 847A of the Principal Act is amended— (a) in subsection (1), in the definition of “appropriate certificate”, by the substitution of “subsection (9)(a)(i) or (11)(a)(i), as the case may be” for “subsection (9)”, (b) in subsection (2), by the substitution of “subsection (9)(a)(i) or (11)(a)(i), as the case may be” for “subsection (9)”, (c) in subsection (3)(b), by the substitution of “Subsections (5) to (8) of section 1094 shall apply” for “Subsections (5) to (9) of section 1094 shall apply”, (d) in subsection (5)— (i) in paragraph (d), by the substitution of “section 847AA or 848A, as the case may be, applies” for “section 848A applies”, (ii) in paragraph (f), by the substitution of “person connected (within the meaning of section 10) with the donor” for “person connected with the donor”, (iii) in paragraph (g), by the substitution of “person connected (within the meaning of section 10) with the donor” for “person connected with the donor”, and (iv) in paragraph (h)— (I) in subparagraph (ii), by the substitution of “subsection (9)(a)(i) or (11)(a)(i), as the case may be” for “subsection (9)”, and (II) in subparagraph (iii), by the substitution of “subsection (9)(a)(i) or (11)(a)(i), as the case may be” for “subsection (9)”, (e) by the substitution of the following subsection for subsection (9): “(9) (a) Where a relevant donation, other than a relevant donation to which subsection (18) applies, is made by an individual who is a chargeable person (within the meaning of Part 41A) for the relevant year of assessment, then the individual shall elect that subparagraph (i) or (ii) shall apply to the donation as follows: (i) in a case where the individual elects that this subparagraph shall apply— (I) the amount of the donation shall be deducted from or set off against any income of the individual chargeable to income tax for that year of assessment and tax shall, where necessary, be discharged or repaid accordingly, and (II) the total income of the individual or, where the individual’s spouse or civil partner is assessed to income tax in accordance with section 1017 or 1031C, the total income of the spouse or civil partner shall be calculated accordingly; (ii) in a case where the individual elects that this subparagraph shall apply, then the Tax Acts shall apply in relation to the approved sports body to which that donation is made as if— (I) the grossed up amount of the donation were an annual payment which was the income of that body received by it under deduction of tax, in the amounts and at the rates specified in the statement referred to in paragraph (b) of the definition of ‘appropriate certificate’, for the relevant year of assessment, and

(II) the provisions of the Tax Acts which apply in relation to a claim to repayment of tax applied in relation to any claim to repayment of such tax by that body, but, if the total amount of the tax referred to in paragraph (b) of the definition of ‘appropriate certificate’ is not paid, the amount of any repayment which would otherwise be made to that body in accordance with this section shall not exceed the amount of tax actually paid by that individual. (b) For the purposes of paragraph (a)(i), any such deduction or set-off shall not be taken into account in determining the net relevant earnings (within the meaning of section 787) of the individual or, as the case may be, the individual’s spouse or civil partner for the relevant year of assessment. (c) The Revenue Commissioners may make regulations for the purposes of setting down the conditions under which an individual shall make the election referred to in paragraph (a). (d) For the purposes of paragraph (a)(i), an individual shall make a claim with the return required to be delivered by the individual under Chapter 3 of Part 41A for the relevant year of assessment. (e) For the purposes of applying the provisions of this subsection, the repayment referred to in paragraph (a)(ii) shall not be made to an approved sports body until on or after 1 December in the year following the year in which the relevant donation was made.”. (f) by the deletion of subsection (10), (g) by the substitution of the following subsection for subsection (11): “(11) (a) Where a relevant donation, other than a relevant donation to which subsection (18) applies, is made by an individual who is not an individual referred to in subsection (9), then the individual shall elect that subparagraph (i) or (ii) shall apply: (i) in a case where the individual elects that this subparagraph shall apply— (I) the amount of the donation shall be deducted from or set off against any income of the individual chargeable to income tax for that year of assessment and tax shall, where necessary, be discharged or repaid accordingly, and (II) the total income of the individual or, where the individual’s spouse or civil partner is assessed to income tax in accordance with section 1017 or 1031C, the total income of the spouse or civil partner shall be calculated accordingly; (ii) in a case where the individual elects that this subparagraph shall apply, then the Tax Acts shall apply in relation to the approved sports body to which that donation is made as if— (I) the grossed up amount of the donation were an annual payment which was the income of that body received by it under deduction of tax, in the amounts and at the rates specified in the statement referred to in paragraph (b) of the definition of ‘appropriate certificate’, for the relevant year of assessment, and

(II) the provisions of the Tax Acts which apply in relation to a claim to repayment of tax applied in relation to any claim to repayment of such tax by that body, but, if the total amount of the tax referred to in paragraph (b) of the definition of ‘appropriate certificate’ is not paid, the amount of any repayment which would otherwise be made to that body in accordance with this section shall not exceed the amount of tax actually paid by that individual. (b) For the purposes of paragraph (a)(i), any such deduction or set-off shall not be taken into account in determining the net relevant earnings (within the meaning of section 787) of the individual or, as the case may be, the individual’s spouse or civil partner for the relevant year of assessment. (c) The Revenue Commissioners may make regulations for the purposes of setting down the conditions under which an individual shall make the election referred to in paragraph (a). (d) For the purposes of paragraph (a)(i), an individual shall make a claim through such electronic means as the Revenue Commissioners make available, providing— (i) full particulars of the relevant donation, (ii) a receipt as referred to in subsection (16), and (iii) any other relevant information that may reasonably be required by the Revenue Commissioners to determine whether the requirements of this section are met. (e) For the purposes of applying the provisions of this subsection, the repayment referred to in paragraph (a)(ii) shall not be made to an approved sports body until on or after 1 December in the year following the year in which the relevant donation was made.”, (h) by the substitution of the following for subsection (17): “(17) An approved sports body shall not be required to give a receipt under subsection (16) to a donor in respect of a relevant donation to which subsection (18) applies.”, and (i) in subsection (19), by the substitution of “neither section 235(2) nor 235A(2) shall apply” for “section 235(2) shall not apply”.

Deduction for donations to National Governing Bodies 21. The Principal Act is amended by the insertion of the following section after section 847A: “847AA. (1) In this section— ‘disability’, in relation to an individual, means a substantial restriction in the capacity of the individual— (a) to carry on a profession, business or occupation in the State, or (b) to participate in social or cultural life in the State by reason of an enduring physical, sensory, mental health or intellectual impairment; ‘elite athlete’ means a person that— (a) is in receipt of financial support provided by Sport Ireland under the scheme commonly known as the Sport Ireland International Carding Scheme, (b) competes at a senior level, and is a participant, in a high performance training programme of a national governing body in respect of which programme the person receives, from Sport Ireland, financial support commonly known as the Sport Ireland High Performance Programme Funding; ‘Minister’ means the Minister for Tourism, Culture, Arts, Gaeltacht, Sports and Media; ‘national governing body’ means a body that— (a) is Olympic Federation of Ireland, Paralympics Ireland or recognised by Sport Ireland as a national governing body for a sport, and which— (i) is listed as a ‘Type B’ or ‘Type C’ organisation, as the case may be, on the register maintained and published by Sport Ireland and known as the Register of Organisations in Compliance with the Governance Code for Sport, and (ii) is approved for the purposes of this section by the Minister for Tourism, Culture, Arts, Gaeltacht, Sports and Media, (b) has been issued with a tax clearance certificate in accordance with section 1095 and such tax clearance certificate has not been rescinded under subsection (3A) of that section, and (c) is an approved body of persons within the meaning of section 235(1); ‘project’, in relation to a national governing body, means one or more of the following: (a) the purchase of sports equipment approved by the Minister as eligible for funding under the fund commonly known as the Community Sports Facilities Fund and that equipment is used for sporting or recreation activities; (b) measures to support elite athletes in achieving excellence in competitive sport (within the meaning of section 235(1)(b)); (c) measures which form part of a programme of a national governing body commonly known as a Women in Sport programme in respect of which programme the body receives, from Sport Ireland, financial support commonly known as the Sport Ireland Women in Sport Programme Funding;

(d) measures which enable the participation in sport of persons with a disability, which form part of a programme of a national governing body in respect of which programme the body receives, from Sport Ireland, financial support commonly known as the Sport Ireland Core Funding or Sport Ireland Field Sport Funding; ‘qualifying project’ means a project in respect of which the Minister has given a certificate under subsection (8), which certificate has not been revoked under that subsection; ‘relevant accounting period’, in relation to a relevant donation made by a company, means the accounting period in which that donation is made by the company; ‘relevant certificate’, in relation to a relevant donation by a donor who is an individual (other than an individual referred to in subsection (4)(a)(i) or (5)(a)(i), as the case may be), means a certificate which is in such form as the Revenue Commissioners may prescribe and which contains— (a) statements to the effect that— (i) the donation satisfies the requirements of subsection (2), and (ii) the donor has paid or will pay to the Revenue Commissioners income tax of an amount equal to income tax at the standard rate or the higher rate or partly at the standard rate and partly at the higher rate, as the case may be, for the relevant year of assessment on the grossed up amount of the donation, but not being— (I) income tax which the donor is entitled to charge against any other person or to deduct, retain or satisfy out of any payment which the donor is liable to make to any other person, or (II) appropriate tax within the meaning of Chapter 4 of Part 8, (b) a statement specifying how much of the grossed up amount referred to in paragraph (a)(ii) has been or will be liable to income tax at the standard rate and the higher rate for the relevant year of assessment, and (c) the identifying number, known as the Personal Public Service Number (PPSN) of the donor; ‘relevant donation’ means, a donation which satisfies the requirements of subsection (2) and takes the form of a payment by a person of a sum or sums of money amounting to at least €250 to a national governing body which is made— (a) where the donor is an individual, in a year of assessment, and (b) where the donor is a company, in an accounting period, but where an accounting period of a company is less than 12 months the amount of €250 shall be proportionately reduced; ‘relevant year of assessment’, in relation to a relevant donation made by an individual, means the year of assessment in which that donation is made by the individual;

‘sports equipment’ means equipment approved by the Minister as eligible for funding under the fund commonly known as the Community Sport Facilities Fund.

(e) For the purposes of paragraph (a)(i), an individual shall make a claim through such electronic means as the Revenue Commissioners make available, providing— (i) full particulars of the relevant donation, (ii) a receipt as referred to in subsection (9) and (iii) any other relevant information that may reasonably be required by the Revenue Commissioners to determine whether the requirements of this section are met. (f) For the purposes of applying the provisions of this subsection, the repayment referred to in paragraph (a)(ii) shall not be made to a national governing body until on or after 1 December in the year following the year in which the relevant donation was made.

(d) The Revenue Commissioners may make regulations for the purposes of setting down the conditions under which an individual shall make the election referred to in paragraph (a). (e) For the purposes of paragraph (a)(i), an individual shall make a claim with the return required to be delivered by that individual under Chapter 3 of Part 41A for the relevant year of assessment. (f) For the purposes of applying the provisions of this subsection, the repayment referred to in paragraph (a)(ii) shall not be made to an approved body until on or after 1 December in the year following the year in which the relevant donation was made.

Amendment of Schedule 13 to Principal Act (accountable persons for purposes of Chapter 1 of Part 18) 22. Schedule 13 to the Principal Act is amended— (a) by the deletion of paragraphs 40, 92, 111, 128 and 180, (b) by the substitution of the following paragraph for paragraph 140: “140. Personal Injuries Resolution Board.”, and (c) by the insertion of the following paragraphs after paragraph 214: “215. Maritime Area Regulatory Authority.

Amendment of section 822 of Principal Act (split year residence) 23. Section 822 of the Principal Act is amended— (a) by the insertion of the following subsection after subsection (1): “(1A) For the purposes of a charge to tax on any income, profits or gains from an employment for the year of assessment preceding a year of assessment (in this section referred to, respectively, as ‘the previous year of assessment’ and ‘the current year of assessment’), subsection (2A) shall apply in relation to— (a) an individual, not being an individual to whom subsection (1)(a)(i) applies, who— (i) is resident in the State for the current year of assessment, (ii) was resident in the State for the previous year of assessment, and (iii) was not resident in the State for the year of assessment preceding the previous year of assessment, or (b) an individual, not being an individual to whom subsection (1)(a)(ii) applies, who— (i) is not resident in the State for the current year of assessment, and (ii) was resident in the State for the previous year of assessment, and left the State other than for a temporary purpose in the previous year of assessment.”, (b) by the insertion of the following subsection after subsection (2): “(2A) (a) An individual to whom paragraph (a) of subsection (1A) applies shall be deemed to be resident in the State for the previous year of assessment only from the date of his or her arrival in the State. (b) An individual to whom paragraph (b) of subsection (1A) applies shall be deemed to be resident in the State for the previous year of assessment only up to and including the date of his or her leaving the State.”, and (c) by the insertion of the following subsection after subsection (3): “(4) Subsection (1A) shall apply in respect of the year of assessment 2026 and each subsequent year of assessment.”.

Amendment of section 192A of Principal Act (exemption in respect of certain payments under employment law) 24. Section 192A(1) of the Principal Act is amended, in the definition of “relevant authority”, by the deletion of paragraphs (a), (b) and (c).

Amendment of section 204A of Principal Act (exemption in respect of annual allowance for reserve members of the Garda Síochána) 25. Section 204A of the Principal Act is amended by the substitution of “Regulation 14 of the Garda Síochána (Reserve Members) Regulations 2024 ( S.I. No. 64 of 2024 )” for “Regulation 15 of the Garda Síochána (Reserve Members) Regulations 2006 ( S.I. No. 413 of 2006 )”.

Amendment of section 990 of Principal Act (assessment of tax due) 26. Section 990(5) of the Principal Act is amended by the substitution of “the year of assessment in which the return for that income tax month is made” for “the year of assessment in which the income tax month falls”.

Exemption in respect of certain expenses of members of Disabled Drivers Medical Board of Appeal 27. Chapter 1 of Part 7 of the Principal Act is amended by the insertion of the following section after section 195D: “195E. (1) In this section— ‘civil servant’ has the meaning given to it by the Civil Service Regulation Act 1956 ; ‘Disabled Drivers Medical Board of Appeal’ means the board of that name established pursuant to regulations made under section 92 of the Finance Act 1989 ; ‘medical practitioner’ means a medical practitioner who is for the time being registered in the register of medical practitioners established under section 43 of the Medical Practioners Act 2007 ; ‘member’ means a medical practitioner who is a member of the Disabled Drivers Medical Board of Appeal; ‘travel’ means travel by car, motorcycle, taxi, bus, rail, boat or aircraft.

Amendment of section 520 of Principal Act (interpretation (Chapter 1)) 28. Section 520(1) of the Principal Act is amended, in the definition of “relevant payment”, by the substitution for all of the words from and including “but excludes—” down to and including “for the purposes of section 207;” of the following: “but excludes— (i) emoluments within the scope of Chapter 4 of Part 42 to which that Chapter applies, (ii) relevant payments as defined for the purpose of Chapter 2 of this Part, (iii) a payment by one accountable person to another in reimbursement of a relevant payment, (iv) a payment by one accountable person to— (i) another accountable person being a person whose income is exempt from corporation tax or is disregarded for the purposes of the Tax Acts, or (II) a body which has been granted an exemption from tax for the purposes of section 207, and (v) a locum cover payment within the meaning of section 986(4A) made on or after 1 November 2023;”.

Amendment of section 986 of Principal Act (regulations) 29. Section 986 of the Principal Act is amended by the insertion of the following subsection after subsection (4): “(4A) (a) In this subsection- ‘Disabled Drivers Medical Board of Appeal’, ‘medical practitioner’ and ‘member’ have the same meaning respectively as they have in section 195E; ‘locum’ means a medical practitioner who has been engaged by a member to perform, in place of the member, on the days on which the member is attending a meeting of the Disabled Drivers Medical Board of Appeal, the functions performed by the member in the normal course of the member’s practice as a medical practitioner; ‘locum cover payment’ means a payment made by or on behalf of the Minister for Finance to a member for the purpose of contributing to the costs incurred by the member where that member has engaged a locum. (b) This Chapter shall not apply to a locum cover payment made on or after 1 November 2023 to a member.”.

Chapter 4

Income Tax, Corporation Tax and Capital Gains Tax Exemption in respect of CervicalCheck payments 30. (1) The Principal Act is amended— (a) by the insertion of the following section after section 205B: “205C. (1) In this section— ‘Act of 2019’ means the CervicalCheck Tribunal Act 2019 ; ‘appropriate person’ has the same meaning as it has in section 2 of the Act of 2019; ‘relevant payment’ means any of the following: (a) a payment made pursuant to the CervicalCheck non-disclosure ex gratia Scheme (that is to say the scheme administered, under that title, by the Minister for Health in furtherance of a decision of the Government of 11 March 2019); (b) a payment made pursuant to the Act of 2019; (c) a payment to an appropriate person in respect of compensation following the institution by or on behalf of a relevant woman of a civil action for damages in respect of personal injury, but excluding any compensation to an appropriate person other than a relevant woman, for mental distress resulting from the relevant woman’s death; ‘relevant woman’ has the same meaning as it has in section 2 of the Act of 2019.

Exemption in respect of Stardust ex-gratia payments 31. (1) The Principal Act is amended by the insertion of the following section after section 205C (inserted by section 30 ): “205D. (1) In this section— ‘relevant payment’ means a payment or payments made to a relevant person by or on behalf of the Minister for Justice, under Phase 1 of the Stardust ex-gratia payment scheme (that is to say the scheme administered by the Minister for Justice in furtherance of a decision of the Government of 9 August 2024 for the families of the deceased victims of the Stardust fire); ‘relevant person’ means a person to whom a relevant payment has been made.

Amendment of section 285C of Principal Act (acceleration of wear and tear allowances for gas vehicles and refuelling equipment) 32. Section 285C(1) of the Principal Act is amended, in the definition of “relevant period”, by the substitution of “31 December 2025” for “31 December 2024”.

Amendment of Part 11C of Principal Act (emissions-based limits on capital allowances and expenses for certain road vehicles) 33. (1) Part 11C of the Principal Act is amended— (a) in section 380L— (i) in subsection (3)— (I) in paragraph (a), by the substitution of “Category A” for “Category A or B”, (II) in paragraph (b), by the substitution of “Category B” for “Category C”, and (III) in paragraph (c), by the substitution of “Category C, D, E or F” for “Category D, E or F”, (ii) in subsection (4)— (I) in paragraph (a), by the substitution of “Category A” for “Category A or B”, (II) in paragraph (b), by the substitution of “Category B” for “Category C”, and (III) in paragraph (c), by the substitution of “Category C, D, E or F” for “Category D, E or F”, (iii) in subsection (5)(a)— (I) in clause (I), by the substitution of “Category A” for “Category A or B”, (II) in clause (II), by the substitution of “Category B” for “Category C”, and (III) in clause (III), by the substitution of “Category C, D, E or F” for “Category D, E or F”, and (iv) in subsection (6)— (I) in paragraph (a), by the substitution of “Category A” for “Category A or B”, (II) in paragraph (b), by the substitution of “Category B” for “Category C”, and (III) in paragraph (c), by the substitution of “Category C, D, E or F” for “Category D, E or F”, and (b) in section 380M— (i) in paragraph (a), by the substitution of “Category A” for “Category A or B”, (ii) in paragraph (b), by the substitution of “Category B” for “category C”, and (iii) in paragraph (c), by the substitution of “Category C, D, E or F” for “category D, E or F”.

Amendment of certain references relating to de minimis aid 34. The Principal Act is amended— (a) in section 216F— (i) in subsection (1), by the substitution of the following definition for the definition of “Commission Regulation (EU) No. 1407/2013”: “ ‘Commission Regulation (EU) 2023/2831’ means Commission Regulation (EU) 2023/2831 of 13 December 20231 on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid;”, and (ii) in subsection (7)— (I) in paragraph (a), by the substitution of “Commission Regulation (EU) 2023/2831” for “Commission Regulation (EU) No. 1407/2013” in each place where it occurs, (II) in paragraph (c), by the substitution of “Commission Regulation (EU) 2023/2831” for “Commission Regulation (EU) No. 1407/2013” in each place where it occurs, and (III) in paragraph (d), by the substitution of “Commission Regulation (EU) 2023/2831” for “Commission Regulation (EU) No. 1407/2013” in each place where it occurs, and (b) in section 486C— (i) in subsection (1)(a), by the substitution of the following definition for the definition of “Commission Regulation (EC) No. 1998/2006”: “ ‘Commission Regulation (EU) 2023/2831’ means Commission Regulation (EU) 2023/2831 of 13 December 20232 on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid;”, (ii) in subsection (2)(a), by the substitution of the following subparagraph for subparagraph (v): “(v) the activities of which form part of an undertaking to which any of subparagraphs (a) to (f) of paragraph 1 of Article 1 of Commission Regulation (EU) 2023/2831 apply, or”, and (iii) in subsection (12)— (I) in paragraph (a), by the substitution of “Commission Regulation (EU) 2023/2831” for “Commission Regulation (EC) No. 1998/2006”, and (II) in paragraph (b), by the substitution of “Article 6 of Commission Regulation (EU) 2023/2831” for “Article 3 of Commission Regulation (EC) No. 1998/2006”.

Amendment of section 97A of Principal Act (pre-letting expenditure in respect of vacant premises) 35. Section 97A(2) of the Principal Act is amended by the substitution of “31 December 2027” for “31 December 2024”.

Amendment of section 480C of Principal Act (residential premises rental income relief) 36. Section 480C of the Principal Act is amended— (a) in subsection (1), by the insertion of the following definitions: “ ‘Revenue officer’ means an officer of the Revenue Commissioners; ‘total Case V income’, in relation to a person chargeable for a year of assessment, means the total amount of Case V income on which the person chargeable is assessed to income tax after deducting any allowance made in accordance with Part 9 in charging the income under Case V of Schedule D and relief for losses under section 384;”, (b) by the substitution of the following subsection for subsection (2): “(2) In relation to a year of assessment, a person chargeable shall be entitled to a tax credit of the lowest of— (a) in respect of the year of assessment 2024— (i) €600, (ii) an amount equal to the appropriate percentage of the relevant amount, or (iii) an amount equal to the appropriate percentage of the total Case V income of the person chargeable, (b) in respect of the year of assessment 2025— (i) €800, (ii) an amount equal to the appropriate percentage of the relevant amount, or (iii) an amount equal to the appropriate percentage of the total Case V income of the person chargeable, (c) in respect of each of the years of assessment 2026 and 2027— (i) €1,000, (ii) an amount equal to the appropriate percentage of the relevant amount for the year of assessment concerned, or (iii) an amount equal to the appropriate percentage of the total Case V income of the person chargeable for the year of assessment concerned.”, (c) by the insertion of the following subsection after subsection (4): “(4A) For the purposes of subsection (4)(a), a person chargeable shall not cease to be a person chargeable in respect of any qualifying premises that was owned by that person during the first year of assessment by reason only of the death of the person chargeable during a relevant year of assessment.”, and (d) by the substitution of the following subsection for subsection (5): “(5) (a) Where subsection (4) applies in respect of a relevant year of assessment, a Revenue officer shall make or amend an assessment for each year of assessment in which a tax credit under this section was claimed by the person chargeable for the purposes of the amount of the credit claimed by the person chargeable being repaid. (b) Any additional tax payable by reason of an assessment made or amended in accordance with paragraph (a) shall be due and payable on the same date as the tax due under the assessment for the year of assessment during which the cessation referred to in subsection (4)(a) or the letting referred to in subsection (4)(b), as the case may be, occurred.”.

Amendment of Part 16 of Principal Act (relief for investment in corporate trades) 37. (1) Part 16 of the Principal Act is amended— (a) in section 489— (i) by the deletion of the definition of “financial activities”, and (ii) by the insertion of the following definition: “ ‘financing activities’ means the provision of, and all matters relating to the provision of, financing or refinancing facilities by any means which involves, or has an effect equivalent to, the extension of credit;”, (b) in section 496(5)— (i) by the substitution of the following paragraph for paragraph (a): “(a) An initial risk finance investment shall only be a qualifying investment where each member of the RICT group, at the time the eligible shares are issued— (i) has not been operating in any market, or (ii) has been operating in any market for— (I) less than 10 years following— (A) in the case of a company, the date of its incorporation, or (B) in the case of a member other than a company, the date it commenced carrying on any enterprise required to be included in the RICT group, or (II) less than 7 years after its first commercial sale.”, and (ii) by the substitution of the following paragraph for paragraph (c): “(c) For the purposes of paragraph (b), references to financial year shall be construed— (i) in the case of businesses that are companies, in accordance with Chapter 3 of Part 6 of the Companies Act 2014 , and (ii) in the case of businesses other than companies, as references to year of assessment.”, (c) in section 502— (i) in subsection (2A)— (I) in paragraph (b), by— (A) the substitution of the following subparagraph for subparagraph (ii): “(ii) 87.5 per cent of the amount subscribed where the qualifying investment is made pursuant to— (I) section 496(5)(a)(ii), or (II) section 496(7) and, at the time the eligible shares are issued, each member of the RICT group has been operating in any market within a period referred to in clause (I) or (II) of section 496(5)(a)(ii),”, (B) the substitution of the following subparagraph for subparagraph (iv): “(iv) 50 per cent of the amount subscribed where the qualifying investment is made pursuant to section 496(7) and, at the time the eligible shares are issued, any member of the RICT group has been operating in any market for a period greater than both of the periods referred to in clauses (I) and (II) of section 496(5)(a)(ii), or”, and (C) the substitution of “subject to paragraph (c) and section 508J(4)” for “subject to section 508J(4)”, and (II) by the insertion of the following paragraph after paragraph (b):

“(c) The relief as provided under paragraph (b) shall be given only insofar as the difference in the amount of income tax to be paid by the qualifying investor on the making of the deduction under paragraph (b) from the qualifying investor’s total income for that year and the amount of income tax which would be payable by him or her for that year if the deduction under paragraph (b) was not made is not in excess of the maximum tax relief thresholds as provided for in paragraphs 5 and 6 of Article 21a of the General Block Exemption Regulation.”, (ii) in subsection (3)(a)— (I) in subparagraph (ii)(II), by the substitution of “investments,” for “investments, and”, (II) by the substitution of the following subparagraph for subparagraph (iii): “(iii) €500,000 in respect of the year of assessment 2024, and”, and (III) by the insertion of the following subparagraph after subparagraph (iii): “(iv) €1,000,000 in respect of the year of assessment 2025 and each subsequent year of assessment.”, and (iii) by the substitution of the following subsection for subsection (5): “(5) (a) In respect of shares issued on or after 1 January 2022 and on or before 31 December 2024, an amount equal to ten fortieths of the relief granted under subsection (2A) shall be withdrawn, unless in relation to a qualifying company and its qualifying subsidiaries— (i) (I) the employment relevant number exceeds the employment threshold number by at least one qualifying employee, and (II) the relevant amount exceeds the threshold amount by at least the total emoluments of one qualifying employee in the year of assessment in which the subsequent period ends, or (ii) the amount of expenditure on R&D+I incurred in the year of assessment in which the subsequent period ends exceeds the amount of expenditure on R&D+I incurred in the year of assessment prior to the year of assessment in which the subscription for eligible shares was made. (b) In respect of shares issued on or after 1 January 2025, an amount equal to ten fortieths of the relief granted under subsection (2A) shall be withdrawn, unless in relation to a qualifying company and its qualifying subsidiaries— (i) the employment relevant number exceeds the employment threshold number by at least one qualifying employee in the year of assessment in which the subsequent period ends, or (ii) the relevant amount exceeds the threshold amount by at least the total emoluments of one qualifying employee in the year of assessment in which the subsequent period ends, or (iii) the amount of expenditure on R&D+I incurred in the year of assessment in which the subsequent period ends exceeds the amount of expenditure on R&D+I incurred in the year of assessment prior to the year of assessment in which the subscription for eligible shares was made.”,

(d) in section 504— (i) by the substitution of “In this Chapter, and in Chapters 6 and 10” for “In this Chapter”, and (ii) by the insertion of the following definition: “ ‘first relevant investment’ means a relevant investment made within 2 years of the end of the year of assessment in which the qualifying company was incorporated, and references to ‘first such investment’ shall be construed accordingly;”, (e) in section 507— (i) by the substitution of the following subsection for subsection (1): “(1) (a) Notwithstanding section 502, a specified individual who makes a relevant investment in a qualifying company, the activities of which constitute a qualifying new venture, shall be entitled, subject to subsections (2) and (3), to relief for— (i) 125 per cent of the amount subscribed where the relevant investment is made pursuant to section 496(5)(a)(i), (ii) 87.5 per cent of the amount subscribed where the relevant investment is made pursuant to— (I) section 496(5)(a)(ii), or (II) section 496(7) and, at the time the eligible shares are issued, each member of the RICT group has been operating in any market within a period referred to in clause (I) or (II) of section 496(5)(a)(ii), (iii) 50 per cent of the amount subscribed where the relevant investment is made pursuant to section 496(6), or (iv) 50 per cent of the amount subscribed where the relevant investment is made pursuant to section 496(7) and, at the time the eligible shares are issued, any member of the RICT group has been operating in any market for a period greater than both of the periods referred to in clauses (I) and (II) of section 496(5)(a)(ii), which shall be given, subject to paragraph (b), as a deduction from his or her total income for the year of assessment in which the shares are issued. (b) The relief as provided under paragraph (a) shall be given only insofar as the difference in the amount of income tax to be paid by the specified individual on the making of the deduction under paragraph (a) from the specified individual’s total income for that year and the amount of income tax which would be payable by him or her for that year if the deduction under paragraph (a) was not made is not in excess of the maximum tax relief thresholds as provided for in paragraph 5 of Article 21a of the General Block Exemption Regulation.”, and (ii) in subsection (2), by the substitution of “€140,000” for “€100,000”, (f) in section 508(1)(a), by the substitution of the following subparagraph for subparagraph (i): “(i) €140,000 in respect of which relief is available under section 507, or”,

(g) in section 508A, by the substitution of the following subsection for subsection (4): “(4) A qualifying company may not issue a statement of qualification in respect of a qualifying investment after 31 December in the year of assessment following the year of assessment in which the shares were issued.”, (h) in section 508C, by the substitution of the following subsection for subsection (4): “(4) A qualifying company may not issue a statement of qualification (SURE) in respect of a relevant investment after 31 December in the year of assessment following the year of assessment in which the shares were issued.”, (i) in section 508Q, by the substitution of the following subsection for subsection (2): “(2) Where subsection (1) applies, the conversion of the loan into eligible shares shall, notwithstanding any other provision of this Part, be treated as the making of a relevant investment by the specified individual on the date of the conversion of the loan into eligible shares provided that the business plan (within the meaning of section 493) on which the relevant investment is based was prepared in advance of the loan.”, (j) in section 508W(1)(a)— (i) in subparagraph (ii), by the deletion of “or”, (ii) in subparagraph (iii), by the substitution of “a specified person, or” for “a specified person,”, and (iii) by the insertion of the following subparagraph after subparagraph (iii): “(iv) the relief claimed was not in accordance with section 507,”, and (k) in section 508Z— (i) in subsection (1), by the substitution of “31 December 2026” for “31 December 2024”, and (ii) in subsection (2), by the substitution of “year of assessment 2026” for “year of assessment 2024”.

Amendment of Chapter 2 of Part 23 of Principal Act (farming: relief for increase in stock values) 38. Chapter 2 of Part 23 of the Principal Act is amended— (a) in section 666(4)— (i) in paragraph (a), by the substitution of “31 December 2027” for “31 December 2024”, and (ii) in paragraph (b), by the substitution of “the year 2027” for “the year 2024”, (b) in section 667B(5)(b), by the substitution of “31 December 2027” for “31 December 2024”, and (c) in section 667C— (i) in subsection (2), by the substitution of the following paragraph for paragraph (b): “(b) the following was substituted for subsection (4): ‘(4) (a) A deduction shall not be allowed under this section in computing a company’s trading income for any accounting period which ends after 31 December 2027. (b) Any deduction allowed by virtue of this section in computing the profits or gains of a trade of farming for an accounting period of a person other than a company shall not apply for any purpose of the Income Tax Acts for any year of assessment later than the year 2027.’.”, and (ii) in subsection (4), by the substitution of “31 December 2027” for “31 December 2024”.

Repeal of certain provisions of Part 23 of Principal Act (farming and market gardening) 39. Sections 657A, 657B and 669A to 669F of the Principal Act are repealed.

Amendment of Part 2 of Schedule 35 to Principal Act 40. Schedule 35 to the Principal Act is amended by the substitution of the following Part for Part 2: “PART 2 Qualifying equipment referred to in section 285D Equipment type

An agricultural tractor jacking system that uses either the rear or front mounted lower linkage arms to enable an agricultural tractor to be lifted so that one or more wheels may be replaced on the agricultural tractor. The jacking system shall bear CE marking in accordance with Article 16 of the machinery Directive and be in conformity with the requirements of that Directive.

Big bag (equal to or greater than 500kg) lifter, with or without integral bag cutting system.

Lifting system for bags of fertiliser or seed of 500kg mass or greater. The system shall be mounted on either the three-point linkage of an agricultural tractor, front loader of an agricultural tractor or mounted on a fertiliser or seed drill. The lifter shall be capable of securely holding the bag and raising the bag over a fertilizer spreader or seed drill. The system may have an integral system for automatically opening the bag. The lifting system shall bear CE marking in accordance with Article 16 of the machinery Directive and be in conformity with the requirements of that Directive.

Chemical storage cabinets.

A storage cabinet fitted with a locking device and integral bund for the storage of pesticides and other chemicals. The cabinet may be made of metal or hard plastic, or a combination of both. The cabinet shall be suitably vented to prevent a build-up of fumes.

Animal anti-backing gate for use in cattle crush or race.

Device to be mounted on the side of a cattle crush or cattle crush race to prevent an animal from reversing along the cattle crush or cattle crush race. The device shall allow an animal to pass up along the cattle crush or cattle crush race and shall be either automatically or manually moved into position once an animal has passed.

Quick hitch mechanism for rear and front three-point linkage to enable hitching of implements without need to descend from tractor.

A one-part or two-part system to enable the hitching of implements to an agricultural tractor three-point linkage without having to descend from the agricultural tractor. The system shall be connected to the three-point hydraulic linkage of the agricultural tractor and enable the agricultural tractor to link to an implement. The system shall bear CE marking in accordance with Article 16 of the machinery Directive and be in conformity with the requirements of that Directive.

Provision of access lift, hoist or integrated ramp to farm vehicle, including modified entry when required.

Provision of an integrated ramp, lift or hoist to facilitate access to a farm vehicle by a disabled person. The system may incorporate a modified side or rear entry to enable access. The lift or hoist system shall bear CE marking in accordance with Article 16 of the machinery Directive and be in conformity with the requirements of that Directive.

Wheelchair restraints.

Provision of wheelchair restraints within a farm vehicle.

Wheelchair docking station.

Provision of wheelchair docking station within a farm vehicle.

Modified controls to enable full hand operation of a farm vehicle.

Extensive reconfiguration of primary controls necessary to enable a farm vehicle to be driven and operated by a disabled person.

Modified seating to enable operation of a farm vehicle.

Provision of an extensively modified seat to enable operation of a farm vehicle by a disabled person.

Additional steps to farm vehicle or machinery to provide easier access.

Additional steps to farm vehicle or machinery to provide easier access. The additional steps shall bear CE marking in accordance with Article 16 of the machinery Directive and be in conformity with the requirements of that Directive.

Modified farm vehicle or machinery controls to enable control by hand or foot.

Extensive reconfiguration of controls necessary to enable a farm vehicle or farm machinery to be operated by a disabled person.

Hydraulically located lower three-point linkage arms.

Provision of a hydraulic system to control the location of the lower three-point linkage arms of a farm vehicle.

Fixed sheep handling unit.