Finance Act, 1951

/static/images/base/harp.jpg


Number 15 of 1951.


FINANCE ACT, 1951.


ARRANGEMENT OF SECTIONS

PART I.

Income Tax.

Section

1.

Income tax and sur-tax for the year 1951-52.

2.

Increase of personal allowance for married man.

3.

Increase of deductions in respect of children.

4.

Allowances from total income—persons aged sixty-five or upwards.

5.

Exemptions for trade unions.

6.

Conversions under Government Loans (Conversion) Act, 1951.

PART II.

Customs and Excise.

7.

Mineral hydrocarbon light oils.

8.

Hydrocarbon oil.

9.

Mineral hydrocarbon light oils—exemption.

10.

Modification of exemption from entertainments duty.

11.

Warehousing on drawback—home-made liqueurs and compounds.

PART III.

Death Duties.

12.

Operation of certain exemptions.

13.

Alteration of rates of estate duty.

14.

Provisions consequential on alteration of rates of estate duty.

PART IV.

Relief of Double Taxation: Income Tax and Corporation Profits Tax.

15.

Relief from double taxation on profits from business of sea or air transport.

16.

Construction of this Part of this Act.

PART V.

Stamp Duties.

17.

Alteration of stamp duties on conveyances and transfers of land.

18.

Alteration of stamp duties on leases.

19.

Exception from application of section 13 of Finance (No. 2) Act, 1947, and sections 24 and 25 of Finance Act, 1949.

20.

Alteration of stamp duties on certain conveyances and transfers of stock and marketable securities.

PART VI.

Miscellaneous and General.

21.

Transfer of money from the Road Fund to the Exchequer.

22.

Capital Services Redemption Account.

23.

Repeals.

24.

Care and management of taxes and duties.

25.

Short title, construction and commencement.

FIRST SCHEDULE.

Scale of Rates of Estate Duty.

SECOND SCHEDULE.

Enactments Repealed.


Acts Referred to

Finance Act, 1947

No. 15 of 1947

Finance Act, 1944

No. 18 of 1944

Finance Act, 1939

No. 18 of 1939

Finance Act, 1937

No. 18 of 1937

Finance (Customs Duties) (No. 4) Act, 1931

No. 43 of 1931

Finance Act, 1948

No. 12 of 1948

Finance (Miscellaneous Provisions) Act, 1935

No. 7 of 1935

Finance Act, 1935

No. 28 of 1935

Finance Act, 1923

No. 21 of 1923

Finance Act, 1929

No. 32 of 1929

Finance Act, 1941

No. 14 of 1941

Finance Act, 1931

No. 31 of 1931

Finance (No. 2) Act, 1947

No. 33 of 1947

Finance Act, 1949

No. 13 of 1949

Housing (Amendment) Act, 1948

No. 1 of 1948

Housing (Amendment) Act, 1950

No. 25 of 1950

Finance Act, 1950

No. 18 of 1950

/static/images/base/harp.jpg


Number 15 of 1951.


FINANCE ACT, 1951.


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. [11th July, 1951.]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—