asked the Minister for Finance if he will consider introducing proposals for legislation to bring the law relating to income-tax payments into conformity with recent legislation enacted in Britain, which exempts charitable institutions from income-tax charges.
Ceisteanna—Questions. Oral Answers. - Income-tax Law.
The Deputy will appreciate that I cannot indicate in advance what proposals my Budget may or may not contain.
When the Minister is preparing his Budget will he bear in mind the fact that a lot of these charitable bequests were created many years ago—some of them nearly 100 years ago—and that it is necessary for them to improve their premises? For that purpose they have been forced to institute—prior to this they had made no charges—a small charge which is shown as a profit, the purpose of the profit being to improve their premises. If all that is going to be taken from them in income-tax it will mean that they will not have the money to improve their premises and so will have to close down.
I shall direct the attention of the Revenue Commissioners to the point which the Deputy has made. I am certain that in the advice which they give to me they will advert to it, and I shall certainly consider it.