S.I. No. 340/2004 - Taxes Consolidation Act 1997 (Qualifying Town Renewal Areas) (Clones, County Monaghan) Order 2004


I, Charlie McCreevy, Minister for Finance, in exercise of the powers conferred on me by section 372AB (as amended by section 26 of the Finance Act 2004 (No. 8 of 2004)), of the Taxes Consolidation Act 1997 (No. 39 of 1997), the Minister for the Environment, Heritage and Local Government having made a recommendation to me pursuant to that section, (that Minister having considered a Town Renewal Plan submitted to him by Monaghan County Council), hereby order as follows:

1. This Order may be cited as the Taxes Consolidation Act 1997 (Qualifying Town Renewal Areas) (Clones, County Monaghan) Order 2004.

2. (1) In this Order-

“Act” means the Taxes Consolidation Act 1997 (No. 39 of 1997);

“classification” shall be construed in accordance with Schedule 3.

(2) A classification set out in column (1) of Schedule 3 shall be construed by reference to the matter in column (3) of that Schedule opposite the mention of the classification concerned.

(3) In this Order-

(a) a reference to a Schedule is to a Schedule to this Order, unless it is indicated that reference to some other Order or enactment is intended, and

(b) a reference to a paragraph is a reference to a paragraph of the provision in which the reference occurs, unless indicated that reference to some other provision is intended.

3. (1) Subject to paragraphs (2) and (3), the sites specified in Schedule 1, being sites marked on the map of the town of Clones, County Monaghan, annexed to this Order (each of which is shaded blue and delineated with a red line on that map and is within the boundary of the Clones Town Renewal Plan Area) are designated as qualifying areas pursuant to section 372AB of the Act.

(2) Subject to paragraph (3) the designation of the sites designated by paragraph (1) shall apply only for the purposes of the sections of the Act specified in column (3) of Schedule 2 opposite the mention of the sites concerned.

(3) The designation of the sites referred to in paragraphs (1) and (2) shall apply only in respect of the classification of—

(a) the purposes,

(b) the categories of building or structure, or

(c) the type of expenditure

specified in column (4) of Schedule 2 opposite the mention of the section concerned of the Act at that reference number.

4. (1) The qualifying period relating to the areas designated as qualifying areas by this Order shall, as respects sections 372AC and 372AD, be construed as a reference to the period commencing on 6 April 2001 and ending on 31 December 2004, or where section 372AA(1A) applies, ending on 31 July 2006.

(2) The qualifying period relating to the areas designated as qualifying areas by this Order shall, as respects section 372AR, be construed as a reference to the period commencing on 24 July 2000 and ending on 31 December 2004, or where section 372AL(1A) applies, ending on 31 July 2006.

(3) Subject to paragraphs (4) and (5), the qualifying period relating to the areas designated as qualifying areas by this Order shall, as respects section 372AP, be construed as a reference to the period commencing on 24 July 2000 and ending on 31 December 2004, or where section 372AL(1A) applies, ending on 31 July 2006.

(4) Subject to paragraph (5), the qualifying period relating to the areas designated as qualifying areas by this Order shall, as respects section 372AP, and classifications of expenditure 6A and 6B, (which relate to that section) be construed as a reference to the period —

(a) commencing on 5 December 2001 and ending on 31 December 2004, or where section 372AL(1A) applies, ending on 31 July 2006,

or

(b) where subsection (9) or (10) of section 372AP applies, commencing on 24 July 2000 and ending on 31 December 2004, or where section 372AL(1A) applies, ending on 31 July 2006.

(5) Paragraph (4)(b) shall not apply unless -

(a) a contract for the purchase of the house had not been evidenced in writing by any person prior to 5 December 2001, and

(b) a contract for the purchase of the house was evidenced in writing on or before 1 September 2002.

SCHEDULE 1

(Sites designated as qualifying areas for purposes specified in Schedule 2)

Sites B, D, E1, E1, E2, G, H1, H2, I, J, M1, M2, M3, N1, N2, N3, N4, O1, O2, O3, O4, P1, P2, P3, P4, Q1, Q2, Q3, Q4, Q5, R1, R2, R3, R4, R5, R6, S1, S2, S3, S4, S5, T1, T2, T3, U1, U2, U3, U4, V1, V2, V3, W1, W2, W3, W4, W5, W6, X1, X2, Y1, Y2 and Z.

SCHEDULE 2

Reference Number

(1)

Site Reference

(2)

Provision of Act for which Site designated

(3)

Classification

(4)

1

B

Section 372AD

1A, 2A

Section 372AR

4A

Section 372AP

6A

2

D

Section 372AD

1A, 2A

Section 372AC

3A

Section 372AR

4A

Section 372AP

6A

3

E1

Section 372AD

2A

Section 372AR

4A

Section 372AP

6A

4

E2

Section 372AD

2A

Section 372AR

4A

Section 372AP

6A

5

G

Section 372AD

1A, 2A

Section 372AR

4A

Section 372AP

6A

6

H1

Section 372AR

4A

Section 372AP

6A

7

H2

Section 372AR

4A

Section 372AP

6A

8

I

Section 372AR

4A

Section 372AP

6A

9

J

Section 372AD

1A, 2A

Section 372AR

4A

Section 372AP

6A

10

M1

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

11

M2

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

12

M3

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

13

N1

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

14

N2

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

15

N3

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

16

N4

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

17

O1

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

18

O2

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

19

O3

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

20

O4

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

21

P1

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

22

P2

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

23

P3

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

24

P4

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

25

Q1

Section 372AD

2B

Section 372AR

4B

Section 372AP

5B

26

Q2

Section 372AD

2B

Section 372AR

4B

Section 372AP

5B

27

Q3

Section 372AD

2B

Section 372AR

4B

Section 372AP

5B

28

Q4

Section 372AD

2B

Section 372AR

4B

Section 372AP

5B

29

Q5

Section 372AD

2B

Section 372AR

4B

Section 372AP

5B

30

R1

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

31

R2

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

32

R3

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

33

R4

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

34

R5

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

35

R6

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

36

S1

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

37

S2

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

38

S3

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

39

S4

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

40

S5

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

41

T1

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

42

T2

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

43

T3

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

44

U1

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

45

U2

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

46

U3

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

47

U4

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

48

V1

Section 372AD

1B

Section 372AR

4B

Section 372AP

5B

49

V2

Section 372AD

1B

Section 372AR

4B

Section 372AP

5B

50

V3

Section 372AD

1B

Section 372AR

4B

Section 372AP

5B

51

W1

Section 372AD

1B, 2B

Section 372AC

3B

Section 372AR

4B

Section 372AP

5B

52

W2

Section 372AD

1B, 2B

Section 372AC

3B

Section 372AR

4B

Section 372AP

5B

53

W3

Section 372AD

1B, 2B

Section 372AC

3B

Section 372AR

4B

Section 372AP

5B

54

W4

Section 372AD

1B, 2B

Section 372AC

3B

Section 372AR

4B

Section 372AP

5B

55

W5

Section 372AD

1B, 2B

Section 372AC

3B

Section 372AR

4B

Section 372AP

5B

56

W6

Section 372AD

1B, 2B

Section 372AC

3B

Section 372AR

4B

Section 372AP

5B

57

X1

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

58

X2

Section 372AD

1B, 2B

Section 372AR

4B

Section 372AP

5B

59

Y1

Section 372AD

2B

Section 372AR

4B

Section 372AP

5B

60

Y2

Section 372AD

2B

Section 372AR

4B

Section 372AP

5B

61

Z

Section 372AD

2B

Section 372AR

4B

Section 372AP

5B

 

 

 

 

SCHEDULE 3

(Explanation of Classifications in column (4) of Schedule 2)

Classification

(1)

Section of Act

(2)

Purpose, category or type of expenditure to which classification relates

(3)

1A

Section 372AD

The construction of buildings or structures in use as offices.

1B

Section 372AD

The refurbishment of buildings or structures in use as offices.

2A

Section 372AD

The construction of buildings or structures other than offices, and in respect of which not more than 10 per cent of the capital expenditure incurred in the qualifying period on their construction relates to the construction of offices.

2B

Section 372AD

The refurbishment of buildings or structures other than offices, and in respect of which not more than 10 per cent of the capital expenditure incurred in the qualifying period on their refurbishment relates to the refurbishment of offices.

3A

Section 372AC

The construction of a building or structure to which section 372AC applies.

3B

Section 372AC

The refurbishment of a building or structure to which section 372AC applies.

4A

Section 372AR

The construction of a qualifying premises within the meaning of Chapter 11 of Part 10 of the Act.

4B

Section 372AR

The conversion into, or the refurbishment of, a qualifying premises within the meaning of Chapter 11 of Part 10 of the Act.

5B

Section 372AP

Conversion expenditure or refurbishment expenditure incurred in relation to a house.

6A

Section 372AP

Expenditure incurred on the construction of a house, but only in so far as it relates to expenditure incurred on the construction of a house —

(a)  on or after 5 December 2001, or

(b)  where subsection (9) or (10) of section 372AP applies, prior to that date, but only if —

(i)   a contract for the purchase of the house had not been evidenced in writing by any person prior to that date, but

(ii)  a contract for the purchase of the house is evidenced in writing on or before 1 September 2002.

 

 

 

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GIVEN under my Official Seal,

9th of June 2004.

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Charlie McCreevy 

Minister for Finance.

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation).

This Order provides for the designation, under section 372AB of the Taxes Consolidation Act, 1997 , of certain areas in Clones, County Monaghan, as qualifying areas for the purposes of certain tax reliefs under the Town Renewal Scheme.

The areas in question are areas which have been recommended for selection by the Minister for the Environment, Heritage and Local Government under section 6 and section 6A (as inserted by section 25 (2) Finance Act, 2002 ) of the Town Renewal Act, 2000 . All the areas involved were the subject of a Town Renewal Plan prepared in accordance with section 3 of that Act. The tax reliefs which apply in relation to each such area are outlined in the Schedules to the Order.

Notwithstanding this Order, by virtue of section 372AB(4) of the Taxes Consolidation Act, 1997 and section 7 of the Town Renewal Act, 2000 , no relief from income tax or corporation tax may be granted under the Town Renewal Scheme in respect of the construction, conversion or refurbishment of a building, structure or house unless the relevant county council has certified that the construction, conversion or refurbishment is consistent with the objectives of the Town Renewal Plan for the area.