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Amendment of section 121A of Principal Act (Benefit of use of van)
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8. Section 121A of the Principal Act is amended, in paragraph (b) of subsection (2)—
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(a) in subparagraph (vii)—
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(i) in clause (II), by the substitution of “subject to subparagraph (viii), €35,000” for “€20,000”,
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(ii) in clause (III)—
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(I) by the substitution of “€35,000” for “€10,000”, and
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(II) by the substitution of “December 2025;” for “December 2025, and”,
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and
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(iii) by the insertion of the following clauses after clause (III):
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“(IV) €20,000 in respect of a van made available in the period 1 January 2026 to 31 December 2026;
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(V) €10,000 in respect of a van made available in the period 1 January 2027 to 31 December 2027, and”,
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and
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(b) in subparagraph (viii)—
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(i) by the substitution of “years of assessment 2023 and 2024” for “year of assessment 2023”, and
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(ii) in clause (I)—
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(I) by the substitution of “clause (I) or (II), as the case may be, of subparagraph (vii) applies” for “subparagraph (vii)(I) applies”, and
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(II) in subclause (A), by the substitution of “clause (I) or (II), as the case may be, of subparagraph (vii)” for “subparagraph (vii)(I)”.
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