Tom Parlon (Laois-Offaly, Progressive Democrats)

The amendment inserts a new definition in subsection 1 to provide that, for the purposes of benefit-in-kind charges, premises includes lands. The taxable value of lands will be calculated in the same manner as premises, that is, on the rent that it might reasonably be expect to attain on letting from year to year. At present, the taxable value of lands is calculated at 5% of its market value. For the purposes of benefit in kind, the employee would not be given ownership of the land, only the use of it.