Written answers
Tuesday, 18 November 2008
Department of Finance
Tax Code
9:00 pm
Róisín Shortall (Dublin North West, Labour)
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Question 183: To ask the Minister for Finance the sources and types of income that are exempt from income tax. [41099/08]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed by the Revenue Commissioners that the Schedule set out as follows identifies those sections of the Taxes Consolidation Act 1997 (as amended) which provide for a full or partial exemption from income tax.
Due to the time constraints some minor legislative provisions may have been overlooked.
| Description of income | Section of the Taxes Consolidated Act 1997 | |
| 1. | Interest on Saving certificates | Section 42 |
| 2. | Interest on certain securities issued by Minister for Finance | Section 43 |
| 3. | Redemption of non-interest-bearing securities | Section 45 |
| 4. | Premiums on Investment Bonds (full or partial exemption on certain income) | Section 46 |
| 5. | Exemption of premiums on certain securities | Section 48 |
| 6. | Interest on certain securities exempted by Minister for Finance | Section 49 |
| 7. | Interest on securities issued outside the State by a local authority | Section 50 |
| 8. | Certain benefits in kind | Section 118, 118A, 120A, 121 (Pool cars), 121A |
| 9. | Income which is the subject of an approved salary sacrifice agreement | Section 118B |
| 10. | Certain benefits payable under the Social Welfare Acts | Section 126 |
| 11. | Age exemption and associated marginal relief (for persons aged over 65 years). | Section 188 |
| 12. | Payments in respect of Personal Injuries | Section 189 |
| 13. | Certain income from special trusts for permanently incapacitated individuals | Section 189A |
| 14. | Certain payments made by the Haemophilia HIV Trust | Section 190 |
| 15. | Payments received under the Hepatitis C [and HIV] Compensation Acts | Section 191 |
| 16. | Payments in respect of Thalidomide children | Section 192 |
| 17. | Certain payments made under Employment Law | Section 192A |
| 18. | Foster Care Payments | Section 192B |
| 19. | Income from scholarships | Section 193 |
| 20. | Child benefit payments | Section 194 |
| 21. | Early Childcare supplement payments | Section 194A |
| 22. | Certain earnings of writers, composers and artists (subject to certain limits) | Section 195 |
| 23. | Certain expenses payments to members of boards, councils and committees | Section 195A |
| 24. | Certain expense payments payable to members of the Judiciary | Section 196 |
| 25. | Certain foreign service allowances payable to certain employees of the State and certain agencies | Section 196A, 196B |
| 26. | Bonus or interest paid under national instalment savings schemes | Section 197 |
| 27. | Certain interest receipts | Section 198 |
| 28. | Interest on certain securities used in the payment of income tax | Section 199 |
| 29. | Certain foreign pensions | Section 200 |
| 30. | Certain payments made on termination of an office or employment (subject to certain limits) | Section 201 |
| 31. | Certain payments for agreed pay restructuring (prior to 1st January 2004) | Section 202 |
| 32. | Certain statutory redundancy payments | Section 203 |
| 33. | Certain military and other pensions, gratuities and allowances | Section 204 |
| 34. | Payments to Veterans of War of Independence | Section 205 |
| 35. | Income from investments under Social Welfare (Consolidation) Act | Section 206 |
| 36. | Rents of properties belonging to hospitals and other charities | Section 207, 209 |
| 37. | Lands owned and occupied, and trades carried on by charities | Section 208 |
| 38. | Income arising under "The Great Book of Ireland Trust" | Section 210 |
| 39. | Income payable to Friendly Societies | Section 211 |
| 40. | Certain payments made by Trade Unions to their members | Section 213 |
| 41. | Income arising to Local authorities, Vocational Education Committees, the Health Service Executive, and certain Agriculture Committees. | Section 214 |
| 42. | Certain profits of agricultural societies | Section 215 |
| 43. | Profits from lotteries | Section 216 |
| 44. | Income received under the Rent-a-room scheme (subject to a certain limit) | Section 216A |
| 45. | Payments under Scéim na bhFoghlaimeoirí gaeilge | Section 216B |
| 46. | Income form certain Childcare services (subject to a certain limit) | Section 216C |
| 47. | Certain income of Nítrigin Éireann Teoranta | Section 217 |
| 48. | Certain income of Housing Finance Agency plc. | Section 218 |
| 49. | Income arising to a body designated under the Irish Takeover Panel Act | Section 219 |
| 50. | Income of Investor Compensation Company Ltd | Section 219B |
| 51. | Profits of certain bodies corporate (e.g. National Lottery; Pensions Board) | Section 220 |
| 52. | Certain payments to National Co-operative Farm Relief Services Ltd and certain payments made to its members | Section 221 |
| 53. | Certain dividends from a non-resident subsidiary | Section 222 |
| 54. | Small Enterprise grants | Section 223 |
| 55. | Certain employment grants to medium and large industrial undertakings | Section 224 |
| 56. | Certain employments grants and recruitment subsidies | Section 225, 226 |
| 57. | Certain income arising to specified non-commercial state-sponsored bodies | Section 227 |
| 58. | Income arising to designated bodies under the Securitisation (Proceeds of Certain Mortgages)Act, 1995 | Section 228 |
| 59. | Certain income of harbour authorities and port companies | Section 229 |
| 60. | Profits arising to National Treasury Management Agency | Section 230 |
| 61. | Profits arising to the National Pensions Reserve Fund Commission | Section 230A |
| 62. | Profits arising to the National Development Finance Agency | Section 230AB |
| 63. | Profits or gains from Stallion Fees (up to 31 July 2008) | Section 231 |
| 64. | Profits from occupation of certain woodlands | Section 232 |
| 65. | Stud greyhound service fees (up to 31 July 2008) | Section 233 |
| 66. | Certain income derived from patent royalties | Section 234 |
| 67. | Income arising to bodies established for promotion of athletic or amateur games or sports | Section 235 |
| 68. | Exemption from a benefit in kind charge in respect of the loan of certain art objects | Section 236 |
| 69. | interest and dividends on special term accounts (full or partial exemption on certain income) | Section 261A |
| 70. | Dividends on special term share accounts (full or partial exemption on certain income) | Section 267C |
| 71. | Exemption in respect of certain benefits received by employees under approved employee share schemes | Section 510, 519A, 519C, 519D |
| 72. | Income from leasing of farm land (full or partial exemption on certain income) | Section 664 |
| 73. | Exemption in respect of certain retirement benefits to certain employees | Section 778 |
Exemption from income tax is also provided for in respect of certain diplomatic personnel, officials of the United Nations and certain other international organisations, as well as for the earnings of persons working in the service of the European Community. The relevant legislation is included in:
The Diplomatic Relations and Immunities Act 1967;
The European Communities Act 1972;
Article 12 of the Protocol on Privileges and Immunities annexed to the Treaty of Rome.
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