The Unlucky 13 Highlights of Finance Bill 2013

The 2013 Finance Bill has just been unveiled. It gives effect to the changes announced in Minister Noonan’s Budget last December, along with a raft of technical and other measures.

Here are 13 of the key new measures outlined in the Bill:

Finance Act 2013

  1. Adoptive Benefit and Health and Safety Benefit payments will become taxable with effect from 1 July 2013. This is in line with the similar measure for maternity benefit payments, which was announced in the Budget.
    Adoptive Benefit is paid to an adopting mother or a single male who adopts a child, for the first 24 weeks following the placement of the adopted child.
    Health and Safety Benefit is paid to pregnant or breastfeeding employees who are granted leave on health & safety grounds.
  2. The Budget announced a maximum lifetime limit of €200,000 for tax-free employment termination or ex-gratia payments. This new limit will also apply to ex-gratia compensation payments made on account of death or disability.   However, this won’t impact on the tax-free status of statutory termination or compensation awards.
  3. The existing Foreign Service Relief is being abolished entirely for ex-gratia payments made on retirement or removal from office. This is apparently “to ensure that Ireland does not become a retirement tax haven”.
  4. Changes are to be made to benefits-in-kind tax legislation to ensure that public sector workers pay BIK on the same basis as their private sector counterparts.
  5. The legislation on Employee Benefit Trusts is being tightened to prevent employees from receiving tax-free loans from a trust provided or funded by their employer.
  6. The thresholds for tax relief on third-level fees are being increased along with the rises in the Student Contribution.
  7. There is good and bad news in relation to tax relief on donations of heritage properties.  The tax relief scheme is being extended to include donations of buildings, outbuildings, yards or land alongside a heritage property, and lands required for provision of access to,  and visitor parking facilities at, a heritage property.   On the other hand, the tax credit for heritage property donations is being slashed from 80% to 50% of market value.
  8. The Revenue Job Assist scheme is being abolished and will be replaced, at a later stage, by a new measure to encourage employers to hire long-term unemployed workers.
  9. Losses on foreign rentals can no longer be offset against other Case III income, eg government bond interest. However foreign rental losses will continue to be offset against foreign rental profits.
  10. There are a number of technical adjustments to the CGT relief on farm & business asset disposals by individuals aged 66 or over. This relief applies to up to €3m in qualifying assets, from 1 January 2014 onwards. The €3m limit is now a lifetime limit for all disposals from 2014 onwards.
  11. The Bill empowers Revenue to inspect a property to determine its value for CGT purposes.  This will apply to shares, antiques and other types of property.
  12. The “young trained farmers” Stamp Duty relief on agricultural land transfers will apply for a further three years to 31 December 2015.
  13. A number of additional conditions are being added to the  special 100% rate of stock relief for young trained farmers.

The Finance Bill itself, its Explanatory Memorandum, and List of Items are all now online.


  1. Wοw, this piece of writing is pleaѕant, my younger sister is anzlуzing theѕe kinds of things, therefore I am going tο inform her.

  2. Τhank you for some othег informative website. The place else
    could I geet that type of info written iin such a peгfect approach?
    I’ve a challenge that I am just noω working οn, and I
    have been at thе glance out for such infoгmation.

  3. Hi there! I know this is kinda off topic but I was wondering which blog platform
    are you using for this site? I’m getting sick and tired off WordPress because I’ve had issues with hackers and
    I’m looking at alternatives for another platform. I would be fantastic if you could
    point me in the direction of a good platform.

  4. I’m truly enjoying the design and layout of your blog.
    It’s a very easy on the eyes which makes itt much more
    enjoyable for me to come here and visit more often. Did you hire out a developer to create your theme?

    Fanyastic work!

  5. Kombucha tea is available commercially but can also be made at home.
    Better believe that picture perfect folks are usually full of crap and being single isn’t all it’s cracked
    up to be. He’s slight of build and has such a sweet face with bright eyes and a shy smile that I immediately
    love him.

  6. t know of any but give this a try and it could be you.

    When choosing your DPS pet, it is important to find out what skills and abilities it has along with its DPS
    score. You can do it by wearing items with agility, or with critical strike rating on them.

  7. Основно бързо финансиране са се превърнали стръмно цени .

    Вие внесено плащат а годишно сума скорост който може да бъде многобройни
    стотици процента . Например може да
    компенсира 20 лева такса до получи 100.00 лева за няколко месец .
    Клиентът федерацията на България има някои хубави атрактивни изчисления проверка бърза заеми към алтернативи .

    докаже, че бихте прекарат Процент с бърз финансов заем ,
    но погасяване на върха на Проценти
    е абсолютно не необичайно

  8. I know this if off topic but I’m looking into starting my own blog and
    was wondering what all is needed to get set up? I’m
    assuming having a blog like yours would cost a pretty penny?
    I’m not very internet smart so I’m not 100% certain.
    Any recommendations or advice would be greatly appreciated.

  9. whoah this weblog is wonderful i love reading your articles.
    Stay up the great work! You recognize, many persons are hunting around
    for this info, you could help them greatly.

  10. New Balance France New Balance 1000 QxnbQ Mettere i criminali di
    deviare dal muro. Mostra l’ultima metà usa i soldi per pagare il debito..
    New Balance Original New Balance Backpack SsMVl Se ti senti un tiro sul tendine di Achille, impostare la band.

    Dolore tendine di Achille è alcun motivo per scarpe da ballo!
    Per il primo paio di scarpe, hai ballato a loro in primo luogo ha più senso aspettare di
    istituire lacci. New Balance 574 Red New Balance 574 Red JjVqh Molti di voi
    sono al di fuori IL, ma controllare il sito web e fare clic sull’icona
    ingranaggio pulito. Forse si può trovare un posto nella vostra
    zona che offre lo stesso sistema di pulizia.. New Balance
    Enfants New Balance 940 XdUYQ Membri 5 Viso plastica vinile e gomma accessori dipartimento di design presso il Fashion Institute of Technology (FIT) HandbagsWritten, imparare a tappeti per auto, tende da doccia e altri
    articoli per il riciclaggio borse domestici gomma elegante.
    Emulare illustrazioni a colori e semplice guida passo passo alla moda preferita
    Gummiund microfibra come Kate Spade, Kenneth Cole, Prada e Coach..

    New Balance 574 Homme New Balance 574 Green QQhvs I tasti sono bloccati tra il
    corpo e il paraurti labbro, ma chissà dove la strada sarà il prossimo urto è
    stato buttato li perdere. Grazie a lui, si recuperano le chiavi per la prossima uscita, e
    quindi erano in grado di evitare di bloccare il mio appartamento è un peccato.

    New Balance 420 Femme New Balance 574 On Feet Goiqf Se Breakfast più in albergo,
    abbiamo preso il taxi Rocky circa 9:00 siamo andati al mercato di Anjuna.
    Ho tirato fuori dal mercato ed è stato subito
    inondato con i bambini e gli anziani chiedendo soldi.

    New Balance Running Shoes New Balance 420 Soldes irQUB 1 Film di
    luglio è stato lanciato a Showroom Cinema a Sheffield ad
    un pubblico di oltre 90 persone. Il film segue la storia di due dei nostri
    partecipanti allo studio di casi, Nicola e Lizzie,
    e altri Sheffield e posiziona il consumo di corrente e indossare scarpe alla luce delle conoscenze mediche, dibattiti di genere e prospettive storiche..
    New Balance Pas Cher Homme New Balance 1000 htVCY Una mossa che è sicuro
    di moda a grattarsi la testa Stallone Sylvester Stallone, Rocky e Rambo ritorna annunciato l’intenzione di sviluppare
    un marchio di stile di vita ispirato. Si verificherà la prima
    collezione per essere rilasciato nel 2012, e in conformità con i jeans,
    capispalla, camicie, biancheria intima e orologi.

  11. Admiring the dedication youu puut into yyour websiite annd iin depth inforkation you provide.
    It’s nice tto come across a bloog evvery once iin a whilpe
    tht isn’t the same old rehashed material.
    Excellent read! I’ve bookmarked yoyr sit and I’m adeing
    your RSS fees too myy Goofle account.

  12. Woah! I’m really enjoying the template/theme
    of this blog. It’s simple, yet effective.
    A lot of times it’s very hard to get that “perfect balance” between superb usability and visual appeal.
    I must say you have done a amazing job with this.
    In addition, the blog loads extremely quick for me on Safari.
    Outstanding Blog!

  13. Today, entire college programs are done online and students are now
    able to earn degreeds with minimal class room time. But there are also many programs available online for
    cheap or for free. Cardio pulmonary resuscitation (CPR) is only a part
    of ACLS.

  14. That is very attention-grabbing, You’re a very professional
    blogger. I have joined your rss feed and sit up for in the hunt for more of your fantastic post.
    Additionally, I’ve shared your website in my social networks

  15. I’m curious to find out what blog platform you have been utilizing?
    I’m having some small security issues with my latest website and I’d
    like to find something more secure. Do you have any suggestions?

Comments are closed.