asked the Minister for Finance if he will arrange a complete review of the tax position of a person (details supplied) in County Westmeath.
Written Answers. - Income Tax.
105.
I have been advised by the Revenue Commissioners that the taxpayer's husband died in March 1986. The tax position of the deceased husband requires to be brought up to date as respects all years from 1977-78 to 1985-86 and, in this connection, inquiries were directed to the agents acting in the case on 17 April 1986 and to the taxpayer on 24 November 1986. On the latter date the taxpayer was advised that, if she required assistance in completing the required return of income forms, the inspector would be willing to provide it. There has been no response from the taxpayer to the inspector's offer.
In view of the exceptional circumstances of the case, the inspector will now communicate with the taxpayer in order to determine the most suitable means to be adopted to assist her in providing the information required to enable a review of her tax position to be completed.
106.
asked the Minister for Finance if he will exempt Gaeltacht co-operatives from paying income tax on State grants received by them from the Exchequer, particularly where shareholding members seek no interest on shares purchased by them in the co-operatives, as is the case of a co-operative (details supplied).
Most grants received by companies, including co-operatives, from State sources relate to capital expenditure and so are not included in the computation of income for tax purposes. Where, however, a grant is of a current rather than capital nature, it is taxable as a receipt subject to the usual rules as regards deduction of expenses etc.
I understand that certain State grants paid to the particular co-operative to which the Deputy refers are current in nature. There is, therefore, no legislative provision under which they can be excluded from the computation of income for tax purposes.