Dies ist eine HTML Version eines Anhanges der Informationsfreiheitsanfrage 'Ireland National Asset Management Agency Deferred Mortgage Initiative'.



Ref. Ares(2013)697534 - 15/04/2013
Ref. Ares(2014)69823 - 14/01/2014
 
 
 
 
Section 22  Finance Bill (No. 2) 2008 
 
Amendment of 
section 268 
(meaning of 
‘‘industrial building 
or structure’’) of 
Principal Act. 
 
 
22.—(1) Section 268 of the Principal Act is amended— 
 
(a) in subsection (12)(c) by inserting ‘‘, or part thereof,’’ after 
‘‘potential capital allowances involved’’, and 
 
(b) by inserting the following after subsection (12): 
 
‘‘(12A) (a) Where the National Tourism Development Authority 
gives a certificate in writing to the person who has incurred the 
capital  expenditure on the construction or refurbishment of the 
building or structure stating that the approval referred to in 
subsection (12)(c) has been received, the building or structure 
shall, for the purposes of this Part, be treated as an industrial 
building or structure from the date on which it was first used for 
the purposes of the trade of hotel-keeping, and tax shall be 
discharged or repaid accordingly in giving effect to the 
allowances to be made under this Part. 
 
(b) Where the Commission of the European Communities has 
approved an amount— 
 
(i) which is lower than the amount of capital expenditure actually 
incurred on the construction or refurbishment of the building or 
structure, then, for the purposes of this Part, that lower 
amount shall be substituted for the 5 amount actually incurred, or 
 
(ii) which is lower than the amount of the net price paid within 
the meaning of section 279, that section shall apply as if the 
reference to the net price 10 paid in subsection (2)(b) were a 
reference to the lower amount so approved.’’.