24.	Interpretation (Chapter I of Part V).
25.	Annual allowances (industrial buildings or structures).
26.	Balancing allowances and balancing charges (industrial buildings or structures).
27.	Writing off of expenditure and meaning of “residue of expenditure”.
28.	Manner of making allowances and charges (industrial buildings or structures).
29.	Meaning of “the relevant interest”.
30.	Special provisions in regard to leases.
31.	Temporary disuse of industrial buildings and structures.
32.	Amendment of repairs allowance.

Chapter II

Machinery and Plant

33.	Interpretation (Chapter II of Part V).
34.	Balancing allowances and balancing charges (machinery and plant).
35.	Option in case of replacement of machinery or plant.
36.	Construction of references to amount still unallowed.
37.	Application to partnerships.
38.	Machinery or plant used partly for non-trading purposes.
39.	Calculation of balancing allowances and balancing charge in certain cases.
40.	Option in case of succession under will or intestacy.
41.	Wear and tear allowance to be deemed to have been made in certain cases.
42.	Subsidies towards wear and tear.
43.	Application to lessors.
44.	Manner of making allowances and charges (machinery and plant).
45.	Application to professions, etc., and exception as respects lands.

Chapter III

Patents

Chapter IV

Allowances for Expenditure on Dredging

57.	Allowances for expenditure on dredging.

Chapter V

Miscellaneous and General

58.	Manner of granting allowances and charging tax in certain cases.
59.	Manner of granting, and effect of, allowances made by way of discharge or repayment of tax.
60.	Meaning of “basis period”.
61.	Apportionment of consideration and exchanges and surrenders of leasehold interests.
62.	Special provisions as to certain sales.
63.	Effect, in certain cases of successions to trades, etc.
64.	Procedure on apportionments etc.
65.	Property used for purposes of “exempted trading operations”.
66.	Interpretation of certain reference to expenditure, etc.
67.	Other provisions as to interpretation.
68.	Consequential amendments.
69.	Allowances and charges in relation to corporation profits tax.

Part VI

AMENDMENT OF FINANCE (MISCELLANEOUS PROVISIONS) ACT, 1956, AND TRAINING OF LOCAL STAFF BEFORE COMMENCEMENT OF TRADING: INCOME TAX, SUR-TAX AND CORPORATION PROFITS TAX

70.	Interpretation (Part VI).
71.	Amendment of Part III of the Act (repairs to ships, greeting cards).
72.	Amendment of Part III of the Act (adjustment of certain amounts).
73.	Amendment of Part IV of the Act.
74.	Training of local staff before commencement of trading.

Part VII

STAMP DUTIES

75.	Stamp duty on policies of insurance.
76.	Amendment of section 19 (1) (b) of Finance Act, 1952.

Part VIII

MISCELLANEOUS AND GENERAL

77.	Capital Services Redemption Account.
78.	Amendment of section 31 (3) of Finance Act, 1940.
79.	Amendment of section 2 of Finance (Profits of Certain Mines) (Temporary Relief from Taxation) Act, 1956.
80.	Repeals.
81.	Care and management of taxes and duties.
82.	Short title, construction and commencement.

FIRST SCHEDULE

PURCHASE AND SALE OF SECURITIES: APPROPRIATE AMOUNT IN RESPECT OF THE INTEREST

SECOND SCHEDULE

AGREEMENT BETWEEN THE GOVERNMENT OF IRELAND AND THE GOVERNMENT OF THE UNITED KINGDOM WITH RESPECT TO CERTAIN EXEMPTIONS FROM TAX

THIRD SCHEDULE

DUTIES ON TOBACCO

FOURTH SCHEDULE

ENACTMENTS REPEALED

Acts Referred to
Finance Act, 1952	1952, No. 14
Finance Act, 1958	1958, No. 25
Finance Act, 1928	1928, No. 11
Finance Act, 1920	1920, c. 18
Finance Act, 1954	1954, No. 22
Finance Act, 1935	1935, No. 28
Finance Act, 1957	1957, No. 20
Finance Act, 1926	1926, No. 35
Finance Act, 1948	1948, No. 12
Finance Act, 1932	1932, No. 20
Finance Act, 1934	1934. No. 31
Finance Act, 1943	1943, No. 16
Finance Act, 1956	1956, No. 22
Finance (Customs Duties) (No. 4) Act, 1931	1931, No. 43
Finance (Miscellaneous Provisions) Act, 1935	1935, No. 7
Finance Act, 1929	1929, No. 32
Finance Act, 1919	1919, c. 32
Finance Act, 1946	1946, No. 15
Finance (Profits of Certain Mines) (Temporary Relief from Taxation) Act, 1956	1956, No. 8
Finance (Miscellaneous Provisions) Act, 1956	1956, No. 47
Industrial and Commercial Property (Protection) Act, 1927	1927, No. 16
Finance Act, 1937	1937, No. 18
Finance (Miscellaneous Provisions) Act, 1958	1958 No. 28
Marine Insurance Act, 1906	1906, c. 41
Merchant Shipping Act, 1894	1894, c. 60
Finance Act, 1940	1940, No. 14
Stamp Act, 1891	1891, c 39

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Number 18 of 1959.

FINANCE ACT, 1959.

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. [27th July, 1959.]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—

Finance Act, 1959 Permanent Page URL

Finance Act, 1959

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