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Dáil Éireann debate -
Tuesday, 30 Apr 1963

Vol. 202 No. 4

Ceisteanna—Questions. Oral Answers. - Conacre Lettings: Income Tax Yield.

8.

asked the Minister for Finance what is the estimate of the income tax yield in 1963-64 under Schedule D on the letting of lands from conacre; whether this tax will be assessed on conacre lettings made and completed prior to 5th April, 1963; and whether it will be treated as a separate assessment, or included with other Schedule D assessments, if any, made on the basis of profits of the preceding year.

The answer to the first part of the question is £10,000. As regards the other parts of the question, details are still under consideration and the proposed legislation will be embodied in the forthcoming Finance Bill which will be circulated to Deputies in due course.

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