S.I. No. 447/2009 - Finance Act 2007 (Section 16) (Commencement) Order 2009
Notice of the making of this Statutory Instrument was published in | ||
“Iris Oifigiúil” of 20th November, 2009. | ||
I, BRIAN LENIHAN, Minister for Finance, in exercise of the powers conferred on me by section 16, of the Finance Act 2007 hereby order as follows: | ||
1. This Order may be cited as the Finance Act 2007 (Section 16) (Commencement) Order 2009. | ||
2. The 1st day of January 2007 is appointed as the day on which section 16 of the Finance Act 2007 comes into operation. | ||
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GIVEN under my Official Seal, | ||
18 November 2009. | ||
BRIAN LENIHAN, | ||
Minister for Finance. | ||
EXPLANATORY NOTE | ||
(This note is not part of the Instrument and does not purport to be a legal interpretation.) | ||
This Order appoints 1 January 2007 as the date for the coming into operation of section 16 of the Finance Act 2007 . The section introduces an additional threshold of relief of €20,000 per annum for qualifying leases exceeding 10 years duration. |