Finance Act 2012
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Amendment of section 613 (miscellaneous exemptions for certain kinds of property) of Principal Act. |
62.— Section 613 of the Principal Act is amended by inserting the following after subsection (6): | |
“(7) No chargeable gain shall arise on the receipt of an amount of compensation whether in money or money’s worth under the Cessation of Turf Cutting Compensation Scheme administered by the Minister for Arts, Heritage and the Gaeltacht relating to the cessation of turf cutting on raised bog Special Areas of Conservation or Natural Heritage Areas, as required under the European Communities (Birds and Natural Habitats) Regulations 2011 ( S.I. No. 477 of 2011 ) or the Wildlife (Amendment) Act 2000 .”. |