Finance Act, 1941

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Number 14 of 1941.

FINANCE ACT, 1941.

ARRANGEMENT OF SECTIONS

Income Tax.

Section
1.	Income tax and sur-tax for the year 1941-42.
2.	Extension of relief under section 2 of the Finance Act, 1933.
3.	Relief in respect of foreign income tax in certain cases.

PART II.

Excess Sur-Tax.

4.	Definitions in this Part of this Act.
5.	Imposition of excess sur-tax.
6.	Trades and businesses to which this Part of this Act applies.
7.	Computation of standard profits.
8.	Computation of standard total income.
9.	Relief from excess sur-tax in certain cases.
10.	Provision for losses in certain cases.
11.	Computation of profits.

PART III.

Customs and Excise.

23.	Relief from excise duty in respect of trailer drawn by mechanically propelled vehicle where trailer used for conveying petrol substitute or apparatus for making petrol substitute.
24.	Relief from excise duty on mechanically propelled vehicle canteens.
25.	Repayment in certain cases of fees on licences on petrol pumps.
26.	Increase of penalty in case of failure to pay dog duty.

PART IV.

Death Duties.

27.	Definitions in respect of this Part of this Act.
28.	Alteration of rates of estate duty.
29.	Effect of increase of rates on certain sales and mortgages.
30.	Disposition or determination of life interests etc.
31.	Purchases of annuities, etc., from relatives.
32.	Gifts by way of creation of burdens or release of right.
33.	Construction of references to an interest limited to cease on a death.

PART V.

Corporation Profits Tax.

34.	Definitions in this Part of this Act.
35.	Amendments of enactments relating to corporation profits tax.
36.	Provisions in respect of certain accounting periods.
37.	Excess corporation profits tax.
38.	Definition of standard profits.
39.	Definition of the substituted standard.
40.	Relief in respect of losses in certain cases.
41.	Calculation of profits in certain cases.
42.	Provisions in respect of a company which succeeded to an unincorporated business.
43.	Provisions in respect of deductions for the remuneration of directors.
44.	Continuance of certain exemptions.
45.	Power to assess tax notwithstanding previous assessment.
46.	Construction of this Part of this Act.

PART VI.

Stamp Duties.

47.	Exemption from stamp duty of certain documents relating to legal tender or consolidated bank notes.
48.	Stamp duty on certain receipts, etc., under the Local Registration of Title (Ireland) Act, 1891.

PART VII.

Miscellaneous And General.

49.	The foreign exchange account.
50.	Reduction of certain sums payable to the Irish Land Commission.
51.	Transfer of money from the Road Fund to the Exchequer.
52.	Repeals.
53.	Care and management of taxes and duties.
54.	Short title, construction, and commencement.

FIRST SCHEDULE.

Duties on Tobacco.

SECOND SCHEDULE.

Duties on Matches.

THIRD SCHEDULE.

Scale of Rates of Estate Duty.

FOURTH SCHEDULE.

Enactments Repealed.

Acts Referred to
Finance Act, 1933	No. 15 of 1933
Finance Act, 1928	No. 11 of 1928
Finance Act, 1929	No. 32 of 1929
Finance Act, 1932	No. 20 of 1932
Finance (No. 2) Act, 1939	No. 33 of 1939
Finance Act, 1934	No. 31 of 1934
Finance Act, 1935	No. 28 of 1935
Finance Act, 1939	No. 18 of 1939
Finance (Customs Duties) (No. 4) Act, 1931	No. 43 of 1931
Finance (Miscellaneous Provisions) Act, 1935	No. 7 of 1935
Finance Act, 1926	No. 35 of 1926
Finance Act, 1936	No. 31 of 1936
Local Government Act, 1925	No. 5 of 1925
Finance Act, 1927	No. 18 of 1927
Finance Act, 1931	No. 31 of 1931
Finance Act, 1925	No. 28 of 1925
Finance Act, 1938	No. 25 of 1938
Currency Act, 1927	No. 32 of 1927
Emergency Powers Act, 1939	No. 28 of 1939
Land Law (Commission) Act, 1923	No. 27 of 1923

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Number 14 of 1941.

FINANCE ACT, 1941.

AN ACT TO CHARGE AND IMPOSE CERTAIN DUTIES OF CUSTOMS AND INLAND REVENUE (INCLUDING EXCISE), TO AMEND THE LAW RELATING TO CUSTOMS AND INLAND REVENUE (INCLUDING EXCISE) AND TO MAKE FURTHER PROVISIONS IN CONNECTION WITH FINANCE. [24th July, 1941.]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—

Finance Act, 1941 Permanent Page URL

Finance Act, 1941

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