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21 1953



Income Tax.

Income tax and sur tax for the year 1953-54.

1. —(1) Income tax shall be charged for the year beginning on the 6th day of April, 1953, at the rate of seven shillings and six pence in the pound.

(2) Sur-tax for the year beginning on the 6th day of April, 1953, shall be charged in respect of the income of any individual the total of which from all sources exceeds one thousand five hundred pounds and shall be so charged at the same rates as those at which it is charged for the year beginning on the 6th day of April, 1952.

(3) The several statutory and other provisions which were in force on the 5th day of April, 1953, in relation to income tax and sur-tax shall, subject to the provisions of this Act, have effect in relation to the income tax and sur-tax to be charged as aforesaid for the year beginning on the 6th day of April, 1953.

Amendment of section 32 of Income Tax Act, 1918.

2. —Where, with any insurance company or friendly society, being a company or society which is registered in the State and managed and controlled therein, any person, after the 21st day of May, 1953—

(a) makes an insurance on his life or the life of his wife, or

(b) contracts for any deferred annuity on his own life or the life of his wife,

the amount of any relief to which he is entitled under section 32 of the Income Tax Act, 1918, as amended by subsequent enactments, shall as regards that insurance or contract be ascertained as if, in clause (A) of paragraph (i) of subsection (1) and in clause (A) of subparagraph (i) of paragraph (e) of subsection (3) of the said section, the words “two-thirds of the standard rate of tax” were substituted for the words “half the standard rate of tax.”

Relief in certain cases.

3. —(1) Where as regards, any person to whom the provisions of section 2 of the Finance Act, 1941 (No. 14 of 1941), formerly applied—

(a) such person has income arising in a country outside the State and outside Great Britain and Northern Ireland in respect of which relief was formerly granted by virtue of those provisions, and

(b) the Revenue Commissioners are satisfied in relation to that income that the total tax, that is to say, Irish tax (including sur-tax) in respect of the income together with the corresponding tax of the said country, is in excess of what the said corresponding tax would have been if it had been computed on the basis that such person had been taxable as a person solely resident in the said country in respect of income arising from sources therein,

the Revenue Commissioners may grant a measure of relief not exceeding the amount of the excess.

(2) This section shall be deemed to have come into force on and shall take effect as on and from the 6th day of April, 1952.