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Dáil Éireann debate -
Tuesday, 5 Jul 1955

Vol. 152 No. 1

Ceisteanna—Questions. Oral Answers. - Relief Under Finance Act, 1932.

Mr. Lemass

asked the Minister for Finance if he will state the cost to the Exchequer in 1954-55 of the relief given in Section 7 of the Finance Act, 1932.

Records of the amounts of income-tax and surtax relief granted under Section 7 of the Finance Act, 1932, as amended by Section 7 of the Finance Act, 1935, were kept for years up to 1952-53. Records are not now kept of the cost of this relief but the figure for 1954-55 is estimated at about £7,500.

Mr. Lemass

asked the Minister for Finance if he will state the number of individuals who have claimed, and proved to the satisfaction of the Special Commissioners, that they are entitled to the beneficial ownership of stocks, shares and securities, to which Section 7 of the Finance Act, 1932 applies, and the aggregate nominal value of the stocks, shares and securities in respect of which such claims have been proved.

Particulars are not recorded of the individual claims made for relief under the provisions of Section 7 of the Finance Act, 1932, and it is not possible therefore to supply the information requested by the Deputy.

Mr. Lemass

asked the Minister for Finance if he will state the aggregate nominal value of the stocks, shares, and securities, in respect of which the Minister for Finance has certified that Section 7 of the Finance Act, 1932, applies.

The aggregate nominal value of the stocks, shares, and securities in respect of which the Minister for Finance has issued certificates under Section 7 of the Finance Act, 1932, is £7,189,056.

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