IE
FINANCE ACT, 1924
Statutory Text (4 Articles)
FIRST SCHEDULE. Rules to be added to the
Rules to be added to the
Rules applicable to Schedule C.
Rules as to interest, &c., payable out of the public Revenue of Saorstát Eireann through the National Land Bank.
1. The National Land Bank as respects any interest, annuities, dividends, or shares of annuities payable out of the Public Revenue of Saorstát Eireann and entrusted to it for payment or distribution, shall, when any payment becomes due, deliver to the special commissioners true accounts in books provided for the purpose of—
(a) all interest, annuities, dividends, or shares of annuities entrusted to it for payment to the persons entitled thereto;
(b) the amount of tax chargeable thereon at the rate in force at the time of payment without any other deduction than is allowed by the Income Tax Acts.
2. The aforesaid accounts shall distinguish the separate account of each person.
3. The special commissioners shall have all necessary powers in relation to the examining, auditing, checking and clearing the books and accounts aforesaid, and shall assess and charge the interest, annuities, dividends or shares of annuities at the rate of tax in force at the time of payment but reduced by the amount of the exemptions (if any) allowed by them, and shall give notice of the amount so assessed and charged to the National Land Bank.
4. The National Land Bank shall, before any payment is made by it, retain the amount of the tax for the purpose of the Income Tax Acts.
5. The retaining of the amount shall be deemed a payment of the tax by the persons entitled to the interest, annuities, dividends, or shares of annuities, and shall be allowed by them on receipt of the residue thereof, and the National Land Bank shall be acquitted and discharged of a sum equal to the amount retained as though that sum had been actually paid.
6. Money so set apart and retained shall be paid to the Accountant-General of Revenue.
SECOND SCHEDULE. Scale of Rates of Estate Duty.
Scale of Rates of Estate Duty.
Where the Principal Value of the Estate
Where the Principal Value of the Estate
Estate Duty shall be payable at the Rate per cent. of
Estate Duty shall be payable at the Rate per cent. of
£
£
£
£
Exceeds
Exceeds
100
100
and
and
does
does
not
not
exceed
exceed
500
500
1
1
”
”
500
500
”
”
”
”
1,000
1,000
2
2
”
”
1,000
1,000
”
”
”
”
5,000
5,000
3
3
”
”
5,000
5,000
”
”
”
”
10,000
10,000
4
4
”
”
10,000
10,000
”
”
”
”
15,000
15,000
5
5
”
”
15,000
15,000
”
”
”
”
20,000
20,000
6
6
”
”
20,000
20,000
”
”
”
”
25,000
25,000
7
7
”
”
25,000
25,000
”
”
”
”
30,000
30,000
8
8
”
”
30,000
30,000
”
”
”
”
40,000
40,000
9
9
”
”
40,000
40,000
”
”
”
”
50,000
50,000
10
10
”
”
50,000
50,000
”
”
”
”
60,000
60,000
11
11
”
”
60,000
60,000
”
”
”
”
70,000
70,000
12
12
”
”
70,000
70,000
”
”
”
”
90,000
90,000
13
13
”
”
90,000
90,000
”
”
”
”
110,000
110,000
14
14
”
”
110,000
110,000
”
”
”
”
130,000
130,000
15
15
”
”
130,000
130,000
”
”
”
”
150,000
150,000
16
16
”
”
150,000
150,000
”
”
”
”
175,000
175,000
17
17
”
”
175,000
175,000
”
”
”
”
200,000
200,000
18
18
”
”
200,000
200,000
”
”
”
”
225,000
225,000
19
19
”
”
225,000
225,000
”
”
”
”
250,000
250,000
20
20
”
”
250,000
250,000
”
”
”
”
300,000
300,000
21
21
”
”
300,000
300,000
”
”
”
”
350,000
350,000
22
22
”
”
350,000
350,000
”
”
”
”
400,000
400,000
23
23
”
”
400,000
400,000
”
”
”
”
450,000
450,000
24
24
”
”
450,000
450,000
25
25
THIRD SCHEDULE. Enactments repealed in relation to property passing on the deaths of certain British sailors and soldiers, and certain other British subjects.
Enactments repealed in relation to property passing on the deaths of certain British sailors and soldiers, and certain other British subjects.
Session and Chapter.
Session and Chapter.
Short title.
Short title.
Extent of Repeal.
Extent of Repeal.
57 & 58 Vict. c. 30.
57 & 58 Vict. c. 30.
Finance Act, 1894.
Finance Act, 1894.
In sub-section (1) of section 8 the words “and for the exemption of the property of Common seamen, marines, or soldiers who are slain or die in the service of Her Majesty.”
In sub-section (1) of section 8 the words “and for the exemption of the property of Common seamen, marines, or soldiers who are slain or die in the service of Her Majesty.”
63 & 64 Vict. c. 7.
63 & 64 Vict. c. 7.
Finance Act, 1900.
Finance Act, 1900.
Section 14.
Section 14.
4 & 5 Geo. V. c. 76.
4 & 5 Geo. V. c. 76.
Death Duties (Killed in War) Act, 1914.
Death Duties (Killed in War) Act, 1914.
The whole Act.
The whole Act.
5 & 6 Geo. V. c. 89.
5 & 6 Geo. V. c. 89.
Finance (No. 2) Act, 1915.
Finance (No. 2) Act, 1915.
Section 46.
Section 46.
7 & 8 Geo. V. c. 31.
7 & 8 Geo. V. c. 31.
Finance Act, 1917.
Finance Act, 1917.
Section 29.
Section 29.
8 & 9 Geo. V. c. 15.
8 & 9 Geo. V. c. 15.
Finance Act, 1918.
Finance Act, 1918.
Section 44.
Section 44.
9 & 10 Geo. V. c. 32.
9 & 10 Geo. V. c. 32.
Finance Act, 1919.
Finance Act, 1919.
Section 31.
Section 31.
11 & 12 Geo. V. c. 32.
11 & 12 Geo. V. c. 32.
Finance Act, 1921.
Finance Act, 1921.
Section 43.
Section 43.
FOURTH SCHEDULE. Enactments Repealed.
Enactments Repealed.
Session and Chapter.
Session and Chapter.
Short Title.
Short Title.
Extent of Repeal.
Extent of Repeal.
16 & 17 Vict. c. 107
16 & 17 Vict. c. 107
Customs Consolidation Act, 1853.
Customs Consolidation Act, 1853.
Sections 114 and 115.
Sections 114 and 115.
25 & 26 Vict. c. 22.
25 & 26 Vict. c. 22.
Revenue Act, 1862
Revenue Act, 1862
Sections 27 to 37 and so much of Schedule C as relates to playing cards.
Sections 27 to 37 and so much of Schedule C as relates to playing cards.
54 & 55 Vict. c. 38
54 & 55 Vict. c. 38
Stamp Duties Management Act, 1891
Stamp Duties Management Act, 1891
In section 26, the words “or playing cards.”
In section 26, the words “or playing cards.”
8 Edw. VII. c. 16
8 Edw. VII. c. 16
Finance Act, 1908
Finance Act, 1908
In sub-section (4) of section 4, the words “and playing cards.”
In sub-section (4) of section 4, the words “and playing cards.”
10 Edw. VII. & 1 Geo. V. c. 8.
10 Edw. VII. & 1 Geo. V. c. 8.
Finance (1909-10) Act 1910.
Finance (1909-10) Act 1910.
Sub-section (2) of section 81 and Part II. of the Third Schedule.
Sub-section (2) of section 81 and Part II. of the Third Schedule.
8 & 9 Geo. V. c. 40.
8 & 9 Geo. V. c. 40.
Income Tax Act, 1918.
Income Tax Act, 1918.
Section 2 from the word “except” to the end of the section; section 22; sub-section (3) of section 105; section 131; paragraph (b) of sub-section (2) of section 157 from the words “and weekly ” to the end of the paragraph; sub-section (4) of section 157; sub-section (2) of section 169; paragraphs (b) and (c) of section 236; Rule 2 of the Rules applicable to Cases I. and II. of Schedule D.
Section 2 from the word “except” to the end of the section; section 22; sub-section (3) of section 105; section 131; paragraph (b) of sub-section (2) of section 157 from the words “and weekly ” to the end of the paragraph; sub-section (4) of section 157; sub-section (2) of section 169; paragraphs (b) and (c) of section 236; Rule 2 of the Rules applicable to Cases I. and II. of Schedule D.
11 & 12 Geo. V. c. 32.
11 & 12 Geo. V. c. 32.
Finance Act, 1921.
Finance Act, 1921.
Sections 13 and 29; section 53 from the beginning of the section to the words “Finance Act, 1920, and.”
Sections 13 and 29; section 53 from the beginning of the section to the words “Finance Act, 1920, and.”
11 & 12 Geo. V. c. 47.
11 & 12 Geo. V. c. 47.
Safeguarding of Industries Act, 1921.
Safeguarding of Industries Act, 1921.
The whole Act.
The whole Act.
12 & 13 Geo. V. c. 17.
12 & 13 Geo. V. c. 17.
Finance Act, 1922.
Finance Act, 1922.
Sub-section (2) of section 18 and the proviso to sub-section (3) of section 18.
Sub-section (2) of section 18 and the proviso to sub-section (3) of section 18.
No. 21 of 1923.
No. 21 of 1923.
Finance Act, 1923.
Finance Act, 1923.
Sections 16 and 18.
Sections 16 and 18.