Finance Act, 1995

Returns of certain information in relation to rent.

14.—(1) Section 94 of the Income Tax Act, 1967 , is hereby amended by the insertion of the following paragraph after paragraph (d) (inserted by the Finance Act, 1992 ):

“(e) any Minister of the Government who, or any health board, local authority (within the meaning assigned to it by section 2 (2) of the Local Government Act, 1941 ) or other board or authority, or other similar body, established by or under statute which, makes any payment either in the nature of or for the purpose of rent or rent subsidy in relation to any premises to prepare and deliver to the inspector a return containing—

(i) the full address of all such premises,

(ii) the name and address of every person to whom such premises belong,

(iii) a statement of all such payments arising in respect of such premises, and

(iv) such other particulars relating to all such premises as may be specified in the notice.”.

(2) The Finance Act, 1992 , is hereby amended—

(i) in subsection (1) of section 226, by the substitution in the definition of “specified provisions”, of the following paragraph for paragraph (a):

“(a) paragraphs (d) (as amended by section 227) and (e) (inserted by the Finance Act, 1995) of section 94 and sections 173 (as so amended), 175 and 176 (as so amended) of the Income Tax Act, 1967 ,”, and

(ii) in subsection (1) of section 228, by the substitution in the definition of “specified provisions”, of the following paragraph for paragraph (a):

“(a) paragraphs (d) (as amended by section 227) and (e) (inserted by the Finance Act, 1995) of section 94 , and sections 173 and 176 (as amended respectively by section 227), of the Income Tax Act, 1967 ,”.

(3) This section shall apply and have effect as respects a relevant chargeable period (within the meaning of section 226 of the Finance Act, 1992 ) being—

(a) where the chargeable period is a year of assessment, the year 1995-96 and any subsequent year of assessment, or

(b) where the chargeable period is an accounting period of a company, an accounting period ending on or after the 6th day of April, 1996.