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Relief in certain cases.
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21.—(1) In any case in which an assessable person who is an individual and who is domiciled and ordinarily resident in the State shows, to the satisfaction of the Commissioners, that the combined total of the amount of tax paid in respect of his taxable wealth on a valuation date and the amount paid in respect of his income tax liability for the year ending on that valuation date exceeds 80 per cent. of his total income for that year, the Commissioners shall repay to that individual, his nominee or personal representative the amount by which the combined total exceeds that percentage:
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Provided, however, that the amount of tax repaid shall not exceed 50 per cent. of the amount of tax which, but for the provisions of this section, would be payable by the assessable person on that valuation date.
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(2) Tax shall not be paid more than once on the same property on the relevant valuation date and the same property shall not be included more than once in taxable wealth on that date.
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(3) In this section—
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“total income” means total income, within the meaning of the Income Tax Acts, of that individual and of the persons whose property, if any, falls to be included in the taxable wealth of that individual under section 4;
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“income tax liability” means the liability to income tax of the total income.
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