I move: "That the Dáil agree with the Committee in Financial Resolution No. 2." This is the Resolution which makes new buildings assessable for income tax from the date they are occupied. Hitherto it was impossible to make this assessment until after the buildings had been rated.
Financial Resolutions—Report Stage. - Financial Resolution No. 2—Income Tax.
It was a pity I did not know about this Resolution in time, because I have made an allowance for income tax to people and have not got the benefit of it myself. I am sorry the Minister did not come along with his Resolution earlier and anticipate me. Am I to understand from the Minister that it is from the date of the occupation that the income tax becomes assessable, or is it from the beginning of the year of occupation?
The position is made quite clear in the Resolution. If the Deputy will refer to the Resolution he will find that the last sub-sentence reads:—
Subject to any relief that may be necessary in respect of that part (if any) of the said year during which such house or building was not occupied.
It will be from the date of actual occupation.
Question put and agreed to.