Manual amendments – CAT, Stamp duty and Customs

Aug 31, 2020
Revenue amended Part 19 of the Capital Acquisitions Tax Manual and the Tax and Duty Manual Outward Processing. Revenue confirmed that the Tax and Duty Manual Schedule of Customs Duties is no longer relevant. The stamp duty manuals on Relief for leases of farmland and the Transfer of land to young trained farmers have also been amended to reflect an increase to the EU state aid limit on the relief for leases of farmland and the inclusion of an additional approved course.

Capital acquisitions tax

Part 19 of the Capital Acquisitions Tax Manual, which deals with a variety of unconnected issues, has been amended to:

  • Delete references to unpublished Appeal Commissioner decisions pre-dating the establishment in March 2016 of the current Tax Appeals Commission (paragraph 19.1, 19.12 and previously 19.13 – deleted).
  • Delete a referenced to a Finance Act 2014 amendment extending the exemption from discretionary trust tax to charities outside the State and Northern Ireland (paragraph 19.6).
  • Delete an outdated referenced to the abolished Certificates of Discharge (paragraph 19.16).

Customs

Revenue amended the Tax and Duty Manual Outward Processing. The amendments are:

  • The term SAD has been replaced with Import Declaration in line with the UUC
  • Section 5 of the manual includes updated procedure codes
  • Section 6.2 of the manual includes an updated paragraph on triangulation to reflect the new INF system.

Revenue confirmed the Tax and Duty Manual Schedule of Customs Duties is no longer relevant, and the manual will be archived. More up to date information is available in other Revenue customs publications.

Stamp duty

Section 81D SDCA 1999 provides for relief from stamp duty for certain leases of farmland executed on or after 1 July 2018. The relief, which seeks to encourage more productive use of farmland, constitutes an EU state aid and must comply with EU state aid rules.

The EU state aid limit of €20,000 now applies to the relief. This amount has increased from the previous limit of €15,000. The Tax and Duty Manual on Relief for leases of farmland has been amended to reflect the increased EU state aid limit. This manual and the manual for Transfer of land to young trained farmers (Section 81AA SDCA 1999) have also been amended to include the Bachelor of Science in Agricultural Science awarded by Tralee Institute of Technology in the list of approved courses.