Vol. 465 No. 1
47 Miss Coughlan asked the Minister for Finance if share fishermen are entitled as partners to a share of capital allowances under section 79 of the Consolidation Act, 1967; and if he will make a statement on the matter. [9031/96]
I am assuming that the reference in the Deputy's question to section 79 of the Consolidation Act, 1967 is intended to mean section 72 of the Income Tax Act, 1967 which deals with capital allowances in partnership cases.
The entitlement to capital allowances would depend on the circumstances of the particular case. In general, the skipper/owner is the person who incurred the expense of acquisition of the vessel. In such circumstances the other fishermen in the venture would have no entitlement to any capital allowances arising. However, there may, in certain circumstances be an entitlement to capital allowances where, for example, the vessel was acquired by the partnership rather than by one member of it.
If there is any particular case about which the Deputy has a concern she should pass the relevant details on to the Revenue Commissioners at Dublin Castle where the matter will receive immediate attention.
