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3 2003

Finance Act 2003


Residential Property Tax

Amendment of section 100 (market value exemption limit) of Finance Act 1983.

154. —(1) Section 100 of the Finance Act 1983 is amended in subsection (1), in the definition of “general exemption limit”, by substituting “€1,000,000” for “€382,000” (inserted by the Finance Act 2001 ) and “2003” for “2000” (inserted by the Finance Act 2000 ).

(2) This section has effect in relation to any valuation date (within the meaning of section 95(1) of the Finance Act 1983 ) occurring on or after 5 April 2003.

Time limits.

155. —Part VI of the Finance Act 1983 is amended by inserting the following section after section 107:

“107A.—(1) The provisions of section 159A and 159B of the Stamp Duties Consolidation Act 1999 (inserted by the Finance Act 2003) shall, with any necessary modifications for the purpose of so corresponding, apply to the provisions of this Part in relation to amounts to be repaid, and the interest to be paid in respect of such amounts under section 107.

(2) This section shall come into effect on such day or days as the Minister for Finance may by order or orders either generally or with reference to any particular purpose or provision, appoint, and different days may be so appointed for different purposes or different provisions.”.