Select view:

Taxes Consolidation Act, 1997 (Number 39 of 1997)

[1]>

PART 22B

Vacant Homes Tax

Chapter 1

Interpretation

653AN. Interpretation

(1) In this Part—

Act of 2003” means the Capital Acquisitions Tax Consolidation Act 2003;

Act of 2004” means the Residential Tenancies Act 2004;

Act of 2012” means the Finance (Local Property Tax) Act 2012;

chargeable period” means the 12-month period commencing on 1 November of each year, commencing with the year 2022;

chargeable person”, in relation to a residential property, means the person that is the liable person in relation to the residential property on the relevant date;

‘company’ includes any body corporate;

‘designated chargeable person’ shall be construed in accordance with section 653AS;

electronic means” has the meaning given to it by section 917EA;

liability date” has the same meaning as it has in the Act of 2012;

liable person”, in relation to a residential property, has the same meaning as it has in the Act of 2012, subject to the modification that, in reading Part 3 of that Act, a reference to a relevant residential property in that Part shall be read as a reference to a residential property;

local authority” means a local authority for the purposes of the Local Government Act 2001;

local property tax” has the same meaning as it has in the Act of 2012;

market rent” has the same meaning as it has in Part 3 of the Act of 2004;

market value”, in relation to a residential property, means the price which the unencumbered fee simple of the property might reasonably be expected to fetch on a sale in the open market were that property to be sold in such manner and subject to such conditions as might reasonably be calculated to obtain for the vendor the best price for the property and with the benefit of any easement necessary to afford the same access to the property as would have existed prior to that sale;

personal public service number” has the same meaning as it has in section 262 of the Social Welfare Consolidation Act 2005;

register” has the meaning given to it by section 653BL;

registered medical practitioner” means a medical practitioner who is registered in the register established under section 43 of the Medical Practitioners Act 2007;

registered professional” has the same meaning as it has in the Building Control Act 2007;

relevant date”, in relation to a chargeable period, means the first day immediately following the end of the chargeable period;

relevant person” has the same meaning as it has in Part 15 of the Act of 2012;

relevant tenancy” means a tenancy registered in accordance with Part 7 of the Act of 2004 made between a landlord and tenant who are not connected with each other within the meaning of section 10 of this Act and where the rent reserved is market rent;

residential property” has the same meaning as it has in the Act of 2012;

return” means a return which is required to be prepared and delivered to the Revenue Commissioners under section 653AQ;

return date”, in relation to a chargeable period, means the seventh day immediately following the end of the chargeable period;

‘sale’ includes the transfer, by a chargeable person in relation to a residential property, of the residential property to another person—

(a)in consequence of—

(i)the exercise of a power under any enactment to compulsorily acquire land, or

(ii)the giving of notice of intention to exercise such power,

or

(b)for no consideration or for consideration which is significantly less than the market value of the residential property at the time of its transfer;

self-assessment” means an assessment by a chargeable person, or by a person acting under the authority of a chargeable person, of the amount of vacant homes tax payable by the chargeable person in respect of a residential property for a chargeable period;

taxable inheritance” has the same meaning as it has in the Act of 2003;

vacant home” means a residential property in respect of which a charge to vacant homes tax arises under section 653AO;

vacant homes tax” has the meaning given to it by section 653AO;

valuation date” has the same meaning as it has in the Act of 2003;

valuation period” has the same meaning as it has in the Act of 2012.

<[1]

[1]

[+]

Inserted by FA22 s96(1). Comes into operation on and from the date of the passing of this Act.