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Dail Éireann · 2021-11-10

Finance Bill 2021: Financial Resolutions

FG Paschal Donohoe · Dublin Central · Minister for Finance

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THAT PART 35A of the Taxes Consolidation Act 1997 (No. 39 of 1997), which contains provision for rules on transfer pricing, be amended in the manner and to the extent specified in the Act giving effect to this Resolution. THAT Chapter 2 of Part 2 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which contains provision for rules on the charge to corporation tax, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

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giving 21
taxes 12
stamp 9
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FG Paschal Donohoe this contribution

I move the following Resolutions:

THAT Chapters 1, 2 and 2A of Part 30 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which relate to occupational pension schemes, retirement annuities and personal retirement savings accounts, be amended in the manner and to the extent specified in the Act giving effect to this Resolution, to provide for the removal of the Approved Minimum Retirement Fund requirement for individuals availing of the Approved Retirement Fund option on retirement and the transfer of current Approved Minimum Retirement Funds to an Approved Retirement Fund for current Approved Minimum Retirement Fund holders.

THAT the provisions of the Taxes Consolidation Act 1997 (No. 39 of 1997) which deal with the taxation of rental income and associated capital gains arising to companies not resident in the State be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT Section 285A of the Taxes Consolidation Act 1997 (No. 39 of 1997), which contains provision for acceleration of wear and tear allowances for certain energy-efficient equipment, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT Section 502 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which contains provision in relation to relief from income tax for investment in corporate trades through the employment investment incentive (EII), be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT Section 505 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which contains provision in relation to the persons who may claim relief from income tax for investment in corporate trades through start-up relief for entrepreneurs (SURE), be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT PART 35A of the Taxes Consolidation Act 1997 (No. 39 of 1997), which contains provision for rules on transfer pricing, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT Chapter 2 of Part 2 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which contains provision for rules on the charge to corporation tax, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT Part 35C of the Taxes Consolidation Act 1997 (No. 39 of 1997), which gives effect to Council Directive (EU) 2016/1164 of 12 July 2016 as regards hybrid mismatches, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT the provisions of the Taxes Consolidation Act 1997 (No. 39 of 1997) which deal with the deductibility of interest be amended in the manner and to the extent specified in the Act giving effect to this Resolution and that that Act be further amended, by inserting Part 35D giving effect to Council Directive (EU) 2016/1164 of 12 July 2016 as regards interest limitation, in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 840A of the Taxes Consolidation Act 1997 (No. 39 of 1997), which contains provisions in relation to interest on loans to defray money applied for certain purposes, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT Section 132 of the Finance Act 1992 (No. 9 of 1992), which contains provision for the charge of excise duty (vehicle registration tax), be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT the Value-Added Tax Consolidation Act 2010 (No. 31 of 2010), be amended in the manner and to the extent specified in the Act giving effect to this Resolution, to provide that cancellation deposits are taxable as they constitute a payment for either a service or a right to access a service.

THAT the Stamp Duties Consolidation Act 1999 (No. 31 of 1999), be amended in section 31E, which provides for a stamp duty rate of 10% on certain acquisitions of residential property, and in section 83E, which provides for a repayment of stamp duty where certain residential units are leased, in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 126AA of the Stamp Duties Consolidation Act 1999 (No. 31 of 1999), which contains provision for a stamp duty in the form of a further levy on certain financial institutions, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT Part 9 of the Stamp Duties Consolidation Act 1999 (No. 31 of 1999), which provides for stamp duty in the form of levies, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT Part 9 of the Stamp Duties Consolidation Act 1999 (No. 31 of 1999), which provides for stamp duty in the form of levies, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT Section 40 of the Capital Acquisitions Tax Consolidation Act 2003 (No. 1 of 2003), which contains provision for a charge to capital acquisitions tax in relation to the free use of property, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT the Taxes Consolidation Act 1997 (No. 39 of 1997), be amended in the manner and to the extent specified in the Act giving effect to this Resolution to provide for the introduction of a residential zoned land tax.

THAT section 604 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which contains provision for relief from capital gains tax on the disposal of a principal private residence, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

CC Seán Ó Fearghaíl

Are the resolutions agreed?

SF Ruairí Ó Murchú

Níl.

CC Seán Ó Fearghaíl

The vote is postponed until the weekly division time later.

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