Finance (Miscellaneous Provisions) Act, 1956

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Number 47 of 1956.


FINANCE (MISCELLANEOUS PROVISIONS) ACT, 1956.


ARRANGEMENT OF SECTIONS

Part I .

PRELIMINARY AND GENERAL.

Section

1.

Short title and construction

2.

Appeals

3.

Amendment of Rule 6 of Rules applicable to Cases I and II of Schedule D of Income Tax Act, 1918

Part II .

PROFITS FROM COAL-MINING OPERATIONS—TEMPORARY RELIEF FROM INCOME TAX AND CORPORATION PROFITS TAX.

4.

Definitions (Part II)

5.

General restriction on relief

6.

Computation of profits from new coal-mining operations for income tax purposes

7.

Relief—new coal-mining operations

8.

Relief—existing coal-mining operations

9.

Dividends, etc .

Part III .

PROFITS FROM EXPORTS—TEMPORARY RELIEF FROM INCOME TAX AND CORPORATION PROFITS TAX.

10.

Definitions (Part III)

11.

The standard period

12.

Basis of relief from income tax

13.

Basis of relief from corporation profits tax

14.

Changes of proprietorship, etc.

15.

Exclusions, dividends, etc.

Part IV .

INDUSTRIAL BUILDING ALLOWANCES.

16.

Industrial building allowances

17.

Meaning of “industrial building or structure”

18.

Meaning of “basis period”

19.

Interpretation of reference to expenditure on construction of building or structure

20.

Industrial building allowances in relation to corporation profits tax

Part V .

PRIZE BONDS.

21 .

The Minister

22.

Prize Bonds

23.

Regulations

24.

Exemptions from stamp duty


Acts Referred to

Finance Act, 1940

No. 14 of 1940

Gaming and Lotteries Act, 1956

No. 2 of 1956

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Number 47 of 1956.


FINANCE (MISCELLANEOUS PROVISIONS) ACT, 1956.


AN ACT TO PROVIDE, IN RELATION TO PROFITS FROM COAL-MINING AND PROFITS FROM EXPORTS, FOR TEMPORARY RELIEF FROM TAXATION, TO PROVIDE FOR THE GRANT OF INDUSTRIAL BUILDING ALLOWANCES, TO AUTHORISE THE CREATION AND ISSUE BY THE MINISTER FOR FINANCE OF PRIZE BONDS AND TO MAKE FURTHER PROVISIONS IN CONNECTION WITH FINANCE. [27th December, 1956.]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—