Finance Act 2023
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Amendment of section 121A of Taxes Consolidation Act 1997 | ||
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2. Section 121A of the Taxes Consolidation Act 1997 is amended, in subsection (2)(b)— | ||
(a) in subparagraph (vi), by the substitution of “€50,000,” for “€50,000, and”, | ||
(b) in subparagraph (vii)— | ||
(i) in clause (I), by the insertion of “subject to subparagraph (viii),” before “€35,000”, and | ||
(ii) in clause (III), by the substitution of “2025, and” for “2025.”, | ||
and | ||
(c) by the insertion of the following subparagraph after subparagraph (vii): | ||
“(viii) the cash equivalent of the benefit of a van ascertained under subsection (3), for the year of assessment 2023, shall— | ||
(I) where subparagraph (vii)(I) applies, be computed on the original market value of the van reduced by— | ||
(A) the amount specified in subparagraph (vii)(I), and | ||
(B) €10,000, | ||
and | ||
(II) in any other case, be computed on the original market value of the van reduced by €10,000.”. |