Finance Bill, 1981: Financial Resolutions.

I move:

That provision be made in the Act giving effect to this Resolution, in relation to any case where an application for separate assessments to income tax has been made by a husband or a wife, for apportioning between the spouses the benefit flowing from the relief granted by sections 1 and 2 of the Finance Act, 1980, in certain cases where the spouses' total combined income exceeds amounts specified in those sections.

Question put and agreed to.

I move:

That section 17 (2) of the Finance Act, 1970 (No. 14 of 1970), be amended, as respects payments made on or after the date of the passing of the Act giving effect to this Resolution, by the substitution for paragraph (b) of —

`(b) a person carrying on a business which includes the erection of buildings or the manufacture, treatment or extraction of materials for use, whether used or not, in construction operations, or

(bb) a person who is connected with a company carrying on such a business as is mentioned in paragraph (b) (a person being regarded for the purpose of this paragraph as being so connected if he would be regarded for the purposes of section 16 of the Finance (Miscellaneous Provisions) Act, 1968, as being so connected), or'.

Question put and agreed to.

I move:

That section 6 of the Corporation Tax Act, 1976 (No. 7 of 1976), be amended so as to secure that the second instalment of corporation tax charged under the said section as respects accounting periods ending on or after the 6th day of April, 1980, shall be paid within the time provided for in the Act giving effect to this Resolution.

Question put and agreed to.

I move:

That provision be made in the Act giving effect to this Resolution for restricting the exemption which was granted by section 34 of the Finance Act, 1973, in respect of income from certain patents, to income from patents in relation to which the work leading to the devising of the invention which is the subject of the patent was carried out in the State.

Question put and agreed to.

I move:

That section 152 of the Corporation Tax Act, 1976 (No. 7 of 1976), be amended, as respects any assessment to income tax which is made on or after the date of the passing of the Act giving effect to this Resolution, by the addition of the following subsection:

`(4) Section 551 (1) of the Income Tax Act, 1967, shall not apply where, by virtue of section 98 (4), there is any discharge or repayment of tax assessed under section 151.'.

Question put and agreed to.

I move;

That provision be made in the Act giving effect to this Resolution for extending, as on and from the 1st day of June, 1981, the scope of the duty of excise on table waters so as to include syrups or other liquors intended to be consumed only in a diluted form.

Question put and agreed to.

I move:

That provision be made for amending, in the manner and to the extent specified in the Act giving effect to this Resolution, the conditions subject to which relief from stamp duty is granted in the case of a conveyance of property from an original seller to a subpurchaser.

Question put and agreed to.

I move:

That section 41 of the Finance Act, 1970 (No. 14 of 1970), be amended, with respect to bills of exchange and promissory notes drawn on or after the date of the passing of the Act giving effect to this Resolution, by the substitution of `3p' for `one new penny' in subsection (1) and for `one penny in new currency' in subsection (3).

Question put and agreed to.

I move:

That provision be made, in the manner and to the extent specified in the Act giving effect to this Resolution, for the restriction in any year of assessment of relief from income tax for loan interest in that year—

(a) the person paying the interest receives a subsidy in respect of that year from the Minister for the Environment under a scheme providing for the payment of a special mortgage subsidy to first-time owner-occupiers of certain houses the subject of mortgages, and

(b) the aggregate amount of the said subsidy and the relief to the person under section 496 of the Income Tax Act, 1967 (No. 6 of 1967), from income tax relating to that year in respect of interest payments under the mortgage concerned would, apart from this Resolution, exceed the aggregate of the loan repayments and interest payments under the said mortgage relating to that year.

Question put and agreed to.