Results 1-19 of 19 for solar speaker:Michael Noonan

Written Answers — Department of Finance: Tax Reliefs Availability (2 May 2017)

Michael Noonan: ...that a beneficiary's agricultural property must comprise at least 80% by gross market value of the beneficiary's total property at a particular date. Revenue takes the view that land on which solar panels are installed is not agricultural property for the purpose of establishing whether or not a beneficiary satisfies this '80%' test. Thus, depending on the amount of an individual's land...

Written Answers — Department of Finance: Tax Code (13 Apr 2017)

Michael Noonan: Where a person is generating electricity from solar panels and sells that electricity into the national grid the income from such activity would, in general, be considered a business activity and accordingly the income would be assessed as trading income chargeable under Case I of Schedule D.  In cases where the generation of electricity is primarily for own use, and only surplus...

Written Answers — Department of Finance: Renewable Energy Projects (4 Apr 2017)

Michael Noonan: ...investments that are consistent with its mandate and are aligned with national decarbonisation and energy security objectives and with national energy policy. ISIF's pipeline includes opportunities in the areas of onshore wind, solar, biomass, energy storage, renewable heat, sustainable transport and energy efficiency.

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Michael Noonan: Deputy McGrath’s amendment raises the issue of the tax treatment of the installation of solar panels on farmland. I will speak first to the detail of the proposed amendment and then to the wider issue. Deputy McGrath proposes changing the definition of “farm land” in section 664 of the Taxes Consolidation Act 1997. While his amendment as drafted refers to reliefs from...

Written Answers — Department of Finance: Tax Code (11 Oct 2016)

Michael Noonan: ...means that a beneficiary's agricultural property must comprise at least 80% by gross market value of the beneficiary's total property at a particular date. Revenue take the view that land on which solar panels are installed is not agricultural property for the purpose of establishing whether or not a beneficiary satisfies this '80%' test. Thus, depending on the amount of an individual's...

Written Answers — Department of Finance: Tax Reliefs Eligibility (16 Sep 2016)

Michael Noonan: .... This means that a beneficiary's agricultural property must comprise at least 80% by gross market value of the beneficiary's total property at a particular date. Revenue takes the view that land on which solar panels are installed is not agricultural property for the purpose of establishing whether or not a beneficiary satisfies this '80%' test. Thus, depending on the amount of an...

Written Answers — Department of Finance: Tax Code (21 Jul 2016)

Michael Noonan: ...beneficiary's agricultural property must comprise at least 80% by gross market value of the beneficiary's total property at a particular date. Revenue take the view that land on which a wind turbine or solar panels are installed is not agricultural property. Thus, depending on the amount of an individual's land that is actually occupied by wind turbines or solar panels, the use of...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (20 Jul 2016)

Michael Noonan: ...and energy security objectives and with the Government's broader energy policy. The current investment pipeline for the Fund currently includes possible opportunities in the areas of biomass, wind, waste management and solar. The ISIF commits to operating to high international standards, investing in line with both the Principles for Responsible Investment (PRI), which focus on the...

Written Answers — Department of Finance: Tax Code (21 Jun 2016)

Michael Noonan: ...'s agricultural property must comprise at least 80% by gross market value of the beneficiary's total property at a particular date. The Revenue Commissioners take the view that land on which solar panels are installed is not agricultural property for the purpose of establishing whether or not a beneficiary satisfies this '80%' test. Thus, depending on the amount of an individual's land...

Written Answers — Department of Finance: Tax Exemptions (2 Jun 2016)

Michael Noonan: ...land must be used by the lessee for the purpose of a trade of farming on the land. It is considered that land which is leased for the production of renewable energy (such as the installation of solar panels on the land) does not qualify as farm land for the purpose of section 664 relief. In addition, the installation of renewable energy equipment and the activities associated with the...

Written Answers — Department of Finance: Tax Exemptions (24 May 2016)

Michael Noonan: ..., a separate tax exemption is available in respect of profits or gains arising from the occupation of woodlands which are managed on a commercial basis. In relation to land leased to a company for solar energy generation, in general, such a company would not be considered to be carrying on a trade of farming and therefore would not be a qualifying lessee for the purpose...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (24 May 2016)

Michael Noonan: ...and energy security objectives and with the Government's broader energy policy. The investment pipeline for the Fund currently includes possible opportunities in the areas of biomass, wind, waste management and solar. The Fund's current investment holdings in fossil fuel companies are among the legacy global investments inherited from its predecessor fund, the National...

Written Answers — Department of Finance: Tax Code (24 May 2016)

Michael Noonan: ...80% by gross market value of the beneficiary's total property at a particular date. The Revenue Commissioners take the view that land that is used for the production of renewable energy (such as solar panels) is not agricultural property for the purpose of establishing whether or not a beneficiary satisfies this '80%' test. Thus, depending on the particular proportions of both agricultural...

Written Answers — Department of Finance: Tax Reliefs Abolition (30 Jun 2015)

Michael Noonan: ...of qualifying expenditure is incurred in 2015 the move to relief by way of a 32% Corporation Tax credit will yield a saving to the exchequer of €17m. Section 486B: Section 486B provided for a scheme of tax relief for corporate investments in certain renewable energy projects in the solar, wind, hydro or biomass technology categories. The relief was given in the form of a deduction...

Written Answers — Department of Finance: Tax Reliefs Availability (9 Oct 2013)

Michael Noonan: ...'s profits. To qualify for the relief the energy project must be approved by the Minister for Communications, Energy and Natural Resources and be in one of the following categories of technology: solar, wind, hydro and biomass. The value of the investment on which relief can be given is capped at the lesser of 50% of all capital expenditure, excluding expenditure on lands and net of...

Written Answers — Department of Finance: VAT Rates Application (24 Sep 2013)

Michael Noonan: ...I would draw to the Deputy’s attention that catheters used for use solely or principally with urinary drainage kits or colostomy/ostomy devices apply at the zero rate of VAT. In addition, while solar panels apply at the 23% standard rate, Irish and EU law provide that where the installation of a solar panel accounts for at least one third of the cost of the supply, then the 13.5%...

Written Answers — Department of Finance: Tax Code (21 May 2013)

Michael Noonan: ...;s profits. To qualify for the relief the energy project must be approved by the Minister for Communications, Energy and Natural Resources and be in one of the following categories of technology: - Solar - Wind - Hydro - Biomass The value of the investment on which relief can be given is capped at the lesser of: - 50% of all capital expenditure, excluding expenditure on lands and...

Written Answers — Department of Finance: Job Initiatives (19 Feb 2013)

Michael Noonan: ...projects from 31 December 2011 to 31 December 2014. The purpose of the scheme is to encourage investment in renewable energy projects and to facilitate the growth of electricity generation capacity using these sources. It applies to the following categories of technology: Solar, Wind, Hydro (including ocean, wave or tidal energy), and Biomass. Energy-efficient equipment Finance Bill...

Written Answers — Tax Code: Tax Code (15 Jun 2011)

Michael Noonan: ...have applied at a reduced VAT rate since the introduction of VAT in 1973. The supply of certain environmental products, such as insulation materials, wind turbine equipment, wood pellet boilers and solar panels, are chargeable at the standard VAT rate of 21%. However, the reduced VAT rate of 13.5% may be applied to such products where they are provided under a single supply and install...