Finance Act, 1956

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Number 22 of 1956.


FINANCE ACT, 1956.


ARRANGEMENT OF SECTIONS

PART I.

INCOME TAX.

Section

1.

Income tax and sur-tax for the year 1956-57.

2.

Amendment of section 32 of Income Tax Act, 1918.

3.

Exemption of certain interest.

4.

Increase of personal allowance for married man.

5.

Deductions in respect of children.

6.

Increase of deduction in respect of dependent relative.

7.

Amendment of section 7 of Finance Act, 1932.

PART II.

CUSTOMS AND EXCISE.

8.

Tobacco.

9.

Tobacco (excise duty on certain stocks).

10.

Mineral hydrocarbon light oil.

11.

Hydrocarbon oil.

12.

Matches.

13.

Bets.

14.

Table waters.

15.

Entertainments duty—ball or dance.

16.

Entertainments duty—exemption for Irish language film shows.

17.

Gaming licences.

18.

Amendment of section 19 (3) of Finance Act, 1933.

19.

Termination of customs duty on fillers and flats for egg-boxes.

20.

Confirmation of Orders.

PART III.

DEATH DUTIES.

21.

Relief from estate duty—certain stocks, shares or securities.

PART IV.

CORPORATION PROFITS TAX.

22.

Continuance of certain exemptions from corporation profits tax.

PART V.

INITIAL ALLOWANCES: INCOME TAX, SUR-TAX AND CORPORATION PROFITS TAX.

23.

Initial allowances.

24.

Amendment of allowances under Rules 6 and 7 of Rules applicable to Cases I and II of Schedule D.

25.

Meaning of “basis period.”

26.

Application to professions, etc.

27.

Initial allowances in relation to corporation profits tax.

28.

Construction of this Part of this Act.

PART VI.

STAMP DUTIES.

29.

Stamp duty to be levied on the Racing Board.

30.

Amendment of section 13 of Finance (No. 2) Act, 1947.

31.

Amendment of section 24 of Finance Act, 1949.

PART VII.

MISCELLANEOUS AND GENERAL.

32.

Transfer from Road Fund to Capital Fund.

33.

Capital Services Redemption Account.

34.

Exemption from taxation—certain stocks or other securities.

35.

Amendment of section 8 of Superannuation Act, 1887.

36.

Care and management of taxes and duties.

37.

Short title, construction and commencement.

FIRST SCHEDULE.

Duties on Tobacco.

SECOND SCHEDULE.

Duties on Matches.


Acts Referred to

Finance Act, 1929

No. 32 of 1929

Adoption Act, 1952

No. 25 of 1952

Finance Act, 1932

No. 20 of 1932

Finance Act, 1934

No. 31 of 1934

Finance Act, 1952

No. 14 of 1952

Finance Act, 1940

No. 14 of 1940

Finance Act, 1950

No. 18 of 1950

Finance Act, 1949

No. 13 of 1949

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

No. 43 of 1931

Finance (Miscellaneous Provisions) Act, 1935

No. 7 of 1935

Finance Act, 1935

No. 28 of 1935

Finance Act, 1945

No. 20 of 1945

Finance Act, 1954

No. 22 of 1954

Finance Act, 1926

No. 35 of 1926

Finance Act, 1931

No. 31 of 1931

Finance Act, 1941

No. 14 of 1941

Finance Act, 1924

No. 27 of 1924

Gaming and Lotteries Act, 1956

No. 2 of 1956

Finance Act, 1933

No. 15 of 1933

Finance (Customs Duties) (No. 4) Act, 1932

No. 34 of 1932

Finance Act, 1944

No. 18 of 1944

Finance Act, 1937

No. 18 of 1937

Finance (No. 2) Act, 1947

No. 33 of 1947

Finance Act, 1955

No. 13 of 1955

Imposition of Duties (No. 370) (Special Import Levy) Order, 1956

(S.I. No. 45 of 1956)

Imposition of Duties (No. 379) (Special Import Levy) (Amendment) Order, 1956

(S.I. No. 132 of 1956)

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Number 22 of 1956.


FINANCE ACT, 1956.


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. [10th July, 1956.]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—