Revenue has updated its guidance on the High-Income Individual’s Restriction to reflect amendments to section 485C TCA1997 introduced by Finance Act 2024.
The amendments delete section 485C (1B) TCA 1997 and relevant references in Schedule 25B of the Act which were required to reflect the removal of obsolete provisions in the section dealing with the restriction on the use of capital allowances for certain leased assets. Examples throughout the guide have also been updated to the calendar year 2024, with the 2024 credit values and rate bands now applied.
LOADING...