Dáil debates

Tuesday, 7 December 2010

Financial Resolution No. 23: Income Tax - Artists' Exemption

 

With immediate effect, where any individual becomes entitled to capital allowances in respect of a building or structure for use in a trade, those allowances may only be set against the income of that trade. The allowances can no longer be used against income from another trade or against any other form of income. This restriction will apply to allowances arising in any particular year as well as those carried forward from a previous year.

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