Finance Bill 2017: Committee Stage Amendments

Nov 06, 2017

The proposed Committee Stage amendments to Finance Bill 2017 were published earlier today. 

The main amendments proposed include:

  • Amendments to the Key Employee Engagement Programme (KEEP) definition of a qualifying company
  • Technical change to the conditions for pre-letting expenditure deduction
  • A new section inserted into the Finance Bill (section 14) to amend the condition for a qualifying lease for the purpose of farm land leasing income
  • Technical adjustments to the provisions dealing with the tax treatment of profits or gains of a company and a change in accounting standards, most notable are changes to the meaning of ‘relevant period’, ‘relevant amount’ and ‘material error’.
  • Technical amendments to the Finance Bill provisions dealing with stamp duty reliefs in the case of mergers and divisions. 
  • A new section is inserted into the Finance Bill (section 26) to deal with certain disposals such as goodwill by an individual connected with a company and the availability of CGT reliefs; Revised Entrepreneur Relief, Transfer of Business Relief and Retirement Relief. 

You can read the full list of proposed Committee Stage amendments by the Minister on the Oireachtas website.