Finance Act 2025

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Number 18 of 2025

FINANCE ACT 2025

CONTENTS

PART 1

Universal Social Charge, Income Tax, Corporation Tax and Capital Gains Tax

Chapter 1

Interpretation

Section

1. Definition (Part 1)

Chapter 2

Universal Social Charge

2. Amendment of section 531AN of Principal Act (rate of charge)

Chapter 3

Income Tax

3. Amendment of section 473B of Principal Act (rent tax credit)

4. Amendment of section 473C of Principal Act (mortgage interest tax relief)

5. Amendment of section 477C of Principal Act (Help to Buy)

6. Amendment of section 204B of Principal Act (exemption in respect of compensation for certain living donors)

7. Amendment of section 208B of Principal Act (charities - miscellaneous)

8. Amendment of section 235 of Principal Act (bodies established for promotion of athletic or amateur games or sports)

9. Amendment of section 847A of Principal Act (donations to certain sports bodies)

10. Amendment of section 531AM of Principal Act (charge to universal social charge)

11. Amendment of section 847AA of Principal Act (deduction for donations to National Governing Bodies)

12. Amendment of section 216D of Principal Act (certain profits of micro-generation of electricity)

13. Amendment of section 216F of Principal Act (exemption of certain profits arising from production, maintenance and repair of certain musical instruments)

14. Annual returns by qualifying fund managers

15. Repeal of section 14 of Finance Act 2024

16. Automatic enrolment retirement savings system

17. Repeal of section 15 of Finance Act 2024

18. Automatic enrolment retirement savings system (amendments consequential on insertion of Chapter 2E in Part 30)

19. Amendment of section 128F of Principal Act (key employee engagement programme)

20. Amendment of Schedule 13 to Principal Act (accountable persons for purposes of Chapter 1 of Part 18)

21. Amendment of section 530A of Principal Act (principal to whom relevant contracts tax applies)

22. Amendment of section 823A of Principal Act (deduction for income earned in certain foreign states)

23. Amendment of section 825C of Principal Act (special assignee relief programme)

24. Amendment of section 121 of Principal Act (benefit of use of car)

25. Amendment of section 121A of Principal Act (benefit of use of van)

Chapter 4

Income Tax, Corporation Tax and Capital Gains Tax

26. Amendment of section 285A of Principal Act (acceleration of wear and tear allowances for certain energy-efficient equipment)

27. Amendment of section 285C of Principal Act (acceleration of wear and tear allowances for gas vehicles and refuelling equipment)

28. Amendment of section 285D of Principal Act (acceleration of wear and tear allowances for farm safety equipment)

29. Amendment of section 658A of Principal Act (farming: accelerated allowances for capital expenditure on slurry storage)

30. Living City Initiative

31. Amendment of section 97B of Principal Act (deduction for retrofitting expenditure)

32. Estimate of tax due

33. Exemption of certain profits or gains arising from cost rental properties

34. Amendment of Schedule 4 to Principal Act (Exemption of Specified Non-Commercial State Sponsored Bodies from Certain Tax Provisions)

35. Amendment of Chapter 2 of Part 29 of Principal Act (scientific and certain other research)

36. Taxation of certain foreign body corporates

37. Life assurance policies and investment funds

38. Amendment of section 731 of Principal Act (chargeable gains accruing to unit trusts)

39. Exemption from dividend withholding tax for certain investment limited partnerships

40. Amendment to section 835AVB of Principal Act (collective investment scheme)

41. Amendments relating to group payments

Chapter 5

Corporation Tax

42. Enhanced deduction for eligible construction expenditure

43. Amendment of section 291A of Principal Act (intangible assets)

44. Amendment of section 400 of Principal Act (company reconstructions without change of ownership)

45. Amendment of section 481 of Principal Act (relief for investment in films)

46. Amendment of section 481A of Principal Act (relief for investment in digital games)

47. Amendment of section 831B of Principal Act (participation exemption for certain foreign distributions)

48. Amendment of section 835AY of Principal Act (interpretation (Part 35D))

49. Amendment of section 840A of Principal Act (interest on loans to defray money applied for certain purposes)

50. Amendment of section 891H of Principal Act (country-by-country reporting)

Chapter 6

Capital Gains Tax

51. Amendment of section 597AA of Principal Act (revised entrepreneur relief)

52. Amendment of section 604B of Principal Act (relief for farm restructuring)

PART 2

Excise

53. Amendment of Chapter 1 of Part 2 of Finance Act 1999 (Mineral Oil Tax)

54. Amendment of section 71 of Finance Act 2010 (reliefs from natural gas carbon tax)

55. Amendment of section 82 of Finance Act 2010 (reliefs from solid fuel carbon tax)

56. Amendment of Schedule 2 to Finance Act 2005 (rates of tobacco products tax)

57. Amendment of section 64 of Finance Act 2002 (interpretation)

58. Time when duty becomes due

59. Amendment of section 70 of Finance Act 2002 (returns)

60. Amendment of section 71 of Finance Act 2002 (payment of duty with bet)

61. Amendment of section 77 of Finance Act 2002 (regulations for payment of duty on bets)

62. De-registration of bookmaking premises

63. Repeal of Chapter III of Part II of Finance Act 1992 (Amusement Machine Licence Duty)

64. Amendment of section 68A of Finance Act 2002

65. Amendment of section 135 of Finance Act 1992 (temporary exemption from registration)

66. Amendment of section 135C of Finance Act 1992 (remission or repayment in respect of vehicle registration tax, etc.)

PART 3

Value-Added Tax

67. Definition (Part 3)

68. Persons not accountable persons unless they so elect

69. Amendment of section 46 of Principal Act (reduced rate for electricity and gas)

70. Amendment of section 46 of, and Schedule 3 to, Principal Act (reduced rate for housing as part of a social policy)

71. Amendment of section 46 of Principal Act (reduced rate for food and drink for human consumption and hairdressing services)

72. Amendment of sections 60 and 120 of, and paragraph 11 of Schedule 3 to, Principal Act

73. Amendment of section 86 of Principal Act (special provisions for tax invoiced by flat-rate farmers)

74. Amendment of section 96 of Principal Act (waiver of exemption under old rules)

75. Amendments consequential on amendment of section 96 of Principal Act

76. Amendment of section 115 of Principal Act (penalties generally)

77. Amendment of paragraph 6(2) of Schedule 1 to Principal Act (financial services)

PART 4

Stamp Duties

78. Definition (Part 4)

79. Amendment of section 83D of Principal Act (repayment of stamp duty where land used for residential development)

80. Miscellaneous amendments to Principal Act

81. Land: special provisions

82. Amendment of Part 7 of Principal Act (Exemptions and Reliefs from Stamp Duty)

83. Amendment of section 126AB of Principal Act (further levy on certain financial institutions)

84. Levy on authorised insurers

85. Amendment of section 81AA of Principal Act (transfers to young trained farmers)

86. Amendment of section 81C of Principal Act (further farm consolidation relief)

PART 5

Capital Acquisitions Tax

87. Definition (Part 5)

88. Amendment of section 41 of Principal Act (when interest in assurance policy becomes interest in possession)

89. Amendment of Chapter 2 of Part 10 of Principal Act (business relief)

90. Assessment of executors and administrators

PART 6

Miscellaneous

91. Definition (Part 6)

92. Implementation of Part I of OECD (2023) International Standards for Automatic Exchange of Information in Tax Matters: Crypto-Asset Reporting Framework

93. Amendment of section 811C of Principal Act (transactions to avoid liability to tax)

94. Amendment of section 891F of Principal Act (returns of certain information by financial institutions)

95. Amendment of Part 4A of Principal Act (Implementation of Council Directive (EU) 2022/2523 of 15 December 2022 on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union)

96. Amendment of section 638A of Principal Act (company mergers and divisions)

97. Amendment of section 851A of Principal Act (confidentiality of taxpayer information)

98. Amendment of section 869 of Principal Act (delivery, service and evidence of notices and forms)

99. Amendment of section 959AA of Principal Act (chargeable persons: time limit on assessment made or amended by Revenue officer)

100. Amendment of section 959AP of Principal Act (payment of preliminary tax by direct debit)

101. Amendment of section 959AU of Principal Act (date for payment of tax: amended assessments)

102. Amendment of section 959I of Principal Act (obligation to make a return)

103. Residential zoned land tax

104. Technical amendments to de minimis aid provisions

105. Miscellaneous technical amendments in relation to tax

106. Care and management of taxes and duties

107. Short title, construction and commencement

SCHEDULE

Miscellaneous Technical Amendments in Relation to Tax

Acts Referred to

Affordable Housing Act 2021 (No. 25)

Automatic Enrolment Retirement Savings System Act 2024 (No. 20)

Betting Act 1931 (No. 27)

Capital Acquisitions Tax Consolidation Act 2003 (No. 1)

Companies Act 2014 (No. 38)

Finance Act 1992 (No. 9)

Finance Act 1999 (No. 2)

Finance Act 2002 (No. 5)

Finance Act 2005 (No. 5)

Finance Act 2008 (No. 3)

Finance Act 2010 (No. 5)

Finance Act 2024 (No. 43)

Gambling Regulation Act 2024 (No. 35)

Greyhound Industry Act 1958 (No. 12)

Housing (Miscellaneous Provisions) Act, 1979 (No. 27)

Housing Act 1966 (No. 21)

Human Tissue (Transplantation, Post-Mortem, Anatomical Examination and Public Display) Act 2024 (No. 5)

Investment Limited Partnerships Act 1994 (No. 24)

Irish Horseracing Industry Act 1994 (No. 18)

Local Government Rates and Other Matters Act 2019 (No. 24)

Planning and Development Act 2000 (No. 30)

Planning and Development Act 2024 (No. 34)

Stamp Duties Consolidation Act 1999 (No. 31)

Taxes Consolidation Act 1997 (No. 39)

Valuation Act 2001 (No. 13)

Value-Added Tax Consolidation Act 2010 (No. 31)

Number 18 of 2025

FINANCE ACT 2025

An Act to provide for the imposition, repeal, remission, alteration and regulation of taxation, of stamp duties and of duties relating to excise and otherwise to make further provision in connection with finance; and to provide for related matters.

[23rd December, 2025]

Be it enacted by the Oireachtas as follows: