S.I. No. 455/2014 - Taxes Consolidation Act 1997 (Section 667C) (Commencement) Order 2014.

1. This Order may be cited as the Taxes Consolidation Act 1997 (Section 667C) (Commencement) Order 2014.

2. The 1st day of January 2012 is appointed as the day on which section 667C (inserted by the

Finance Act 2012

(No. 9 of 2012)) of the

Taxes Consolidation Act 1997

(No. 39 of 1997) comes into operation.

GIVEN under my Official Seal,

7 October 2014.

MICHAEL NOONAN,

Minister for Finance.

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

This Order commences Section (

d

) of

section 20

of the

Finance Act 2012

and thereby provides for the 50% rate of stock relief for farmers in registered farm partnerships provided for under section 667C of the

Taxes Consolidation Act 1997

.

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of

14

th October

, 2014.

I, MICHAEL NOONAN, Minister for Finance, in exercise of the powers conferred on me by subsection (5) of section 667C (inserted by the

Finance Act 2012

(No. 9 of 2012)) of the

Taxes Consolidation Act 1997

(No. 39 of 1997) hereby order as follows