| Links from Section 485F | ||
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| Act | Linked to | Context |
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Taxes Consolidation Act, 1997 |
(1) Where in any tax year section 485E applies to an individual, the excess relief shall be carried forward to the next tax year and, subject to sections 485E and 485G(2)(a)(iii), the individual shall, in computing the amount of his or her taxable income before the application of section 485E in that next tax year, be entitled to a deduction from his or her total income of an amount equal to the amount of the excess relief. |
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Taxes Consolidation Act, 1997 |
(1) Where in any tax year section 485E applies to an individual, the excess relief shall be carried forward to the next tax year and, subject to sections 485E and 485G(2)(a)(iii), the individual shall, in computing the amount of his or her taxable income before the application of section 485E in that next tax year, be entitled to a deduction from his or her total income of an amount equal to the amount of the excess relief. |
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Taxes Consolidation Act, 1997 |
(1) Where in any tax year section 485E applies to an individual, the excess relief shall be carried forward to the next tax year and, subject to sections 485E and 485G(2)(a)(iii), the individual shall, in computing the amount of his or her taxable income before the application of section 485E in that next tax year, be entitled to a deduction from his or her total income of an amount equal to the amount of the excess relief. |
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Taxes Consolidation Act, 1997 |
(2) If and so far as an amount equal to the excess relief once carried forward to a tax year under subsection (1) is not deducted or is not fully deducted from the individual’s total income for that year, the amount or the balance of the amount not deducted under subsection (1) shall be carried forward again to the next following tax year and, subject to section 485E, the individual shall, in that next following tax year, in computing the amount of his or her taxable income before the application of section 485E in that next following year, be entitled to a deduction from his or her total income of an amount equal to the amount so carried forward and so on for each succeeding tax year until the full amount of the excess relief has been deducted from the individual’s total income for the tax years concerned. |
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Taxes Consolidation Act, 1997 |
(2) If and so far as an amount equal to the excess relief once carried forward to a tax year under subsection (1) is not deducted or is not fully deducted from the individual’s total income for that year, the amount or the balance of the amount not deducted under subsection (1) shall be carried forward again to the next following tax year and, subject to section 485E, the individual shall, in that next following tax year, in computing the amount of his or her taxable income before the application of section 485E in that next following year, be entitled to a deduction from his or her total income of an amount equal to the amount so carried forward and so on for each succeeding tax year until the full amount of the excess relief has been deducted from the individual’s total income for the tax years concerned. |
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Taxes Consolidation Act, 1997 |
(1) Where in any tax year section 485E applies to an individual, the excess relief shall be carried forward to the next tax year and, subject to sections 485E and 485G(2)(a)(iii), the individual shall, in computing the amount of his or her taxable income before the application of section 485E in that next tax year, be entitled to a deduction from his or her total income of an amount equal to the amount of the excess relief. |
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| Links to Section 485F (from within TaxSource Total) | ||
| Act | Linked from | Context |
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Taxes Consolidation Act, 1997 |
Section 485F (carry-forward of excess relief). |
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Taxes Consolidation Act, 1997 |
The total amount deducted from the individual’s total income for the tax year under section 485F in respect of all amounts of excess relief carried forward by the individual to that year under that section. |
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Taxes Consolidation Act, 1997 |
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Taxes Consolidation Act, 1997 |
(a) this Chapter, other than section 485F, does not apply to the individual for the tax year, and |
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Taxes Consolidation Act, 1997 |
“excess relief”, in relation to a tax year and an individual, means the amount by which the individual’s taxable income for the tax year determined in accordance with section 485E exceeds the amount that the individual’s taxable income for the tax year would have been had this Chapter, other than section 485F, not applied to that individual for that year; |
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Taxes Consolidation Act, 1997 |
but this Chapter, other than section 485F, shall not apply for the tax year where
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Taxes Consolidation Act, 1997 |
T is the amount of the individual’s taxable income for the tax year determined on the basis that this Chapter, other than
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Taxes Consolidation Act, 1997 |
(a) the individual’s taxable income for the year determined as if this Chapter, other than section 485F, did not apply to the individual for that year, |
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Taxes Consolidation Act, 1997 |
(i) that calculation shall be carried out as if this Chapter, other than section 485F, does not apply, and |
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Taxes Consolidation Act, 1997 |
(ii)(I) in the case of a relief or deduction, effect shall be given to such relief or deduction before the application of this Chapter but after the application of section 485F, or |
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Taxes Consolidation Act, 1997 |
(5) Where in any year of assessment section 485E applies to an individual, then for the purposes of section 485F the excess relief for the year shall be reduced by an amount equal to the amount of the relevant excess relief. |
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