Finance (Taxation of Profits of Certain Mines) Act, 1974

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Number 17 of 1974

FINANCE (TAXATION OF PROFITS OF CERTAIN MINES) ACT, 1974

ARRANGEMENT OF SECTIONS

Section
1.	Interpretation.
2.	Allowance in respect of development expenditure and exploration expenditure.
3.	Expenditure on abortive exploration.
4.	Exploration expenditure incurred by certain bodies corporate.
5.	Expenditure incurred by person not engaged in the trade of mining.
6.	Investment allowance in respect of exploration expenditure.
7.	Allowances for machinery and plant.
8.	Annual allowance for mineral depletion.
9.	Allowance in relation to corporation profits tax.
10.	Marginal mine allowance.
11.	Charge to income tax on sums received from sale of scheduled mineral assets.
12.	Charge to corporation profits tax on sums received from sale of scheduled mineral assets.
13.	Amendment of section 387 of Act of 1967.
14.	Amendment of section 389 of Act of 1967.
15.	Termination of relief from income tax.
16.	Option in relation to charge to income tax for 1974-75.
17.	Termination of relief from corporation profits tax.
18.	Short title, construction and commencement.

Acts Referred to
Finance (Profits of Certain Mines) (Temporary Relief from Taxation) Act, 1956	1956, No. 8
Income Tax Act, 1967	1967. No. 6
Part V of the Finance Act, 1920	1920, c. 18
Finance Act, 1946	1946, No. 15
Finance Act, 1973	1973, No. 19
Finance Act, 1967	1967, No. 17
Finance Act, 1971	1971, No. 23
Finance Act, 1959	1959, No. 18
Minerals Development Act, 1940	1940, No. 31

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Number 17 of 1974

FINANCE (TAXATION OF PROFITS OF CERTAIN MINES) ACT, 1974

AN ACT TO AMEND THE LAW IN RELATION TO THE TAXATION OF PROFITS OF CERTAIN MINES. [13th July, 1974]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: