Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source

I move amendment No. 82:

In page 125, before section 68, to insert the following new section:68.—Section 59 of the Principal Act is amended —

(a) in subsection (1), in paragraph (d) of the definition of “qualifying activities”, by substituting “paragraph 6(1), 7(1)” for “paragraph 6, 7”,
and
(b) in subsection (2), by substituting the following for paragraph (j):

“(j) the tax chargeable during the period, being tax for which the accountable person is liable by virtue of section 16(1), 94(6) (a) or (7) or 95(8)(c) to (e), in respect of a supply to that person of immovable goods,”.”.

Section 68 of the Bill, as initiated, amends section 59 of the Value-Added Tax Consolidation Act 2010 which relates to deductibility. Paragraph(a) of the amendment replicates the current text of section 68 of the Finance Bill and is included for technical reasons to allow for a further amendment to section 59 of the Value-Added Tax Consolidation Act 2010. Paragraph (b) further amends section 59 of the Value-Added Tax Consolidation Act 2010 in order to correct an anomaly to provide for deductibility relating to certain property transactions. Acceptance of the amendment involves the deletion of section 68.