| Links from Section 677 | ||
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| Act | Linked to | Context |
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Taxes Consolidation Act, 1997 |
(1) Where a person carrying on the trade of working a qualifying mine incurs on or after the 6th day of April, 1974, and before 1 January 2011, exploration expenditure in relation to which section 673 applies, there shall, in addition to any mine development allowance made in respect of such expenditure, be made to the person in taxing the trade for the chargeable period for which such mine development allowance is made an allowance (which shall be known as an “exploration investment allowance”) equal to 20 per cent of such expenditure, and section 670(6) shall apply to an exploration investment allowance as it applies to a mine development allowance. |
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Taxes Consolidation Act, 1997 |
(1) Where a person carrying on the trade of working a qualifying mine incurs on or after the 6th day of April, 1974, and before 1 January 2011, exploration expenditure in relation to which section 673 applies, there shall, in addition to any mine development allowance made in respect of such expenditure, be made to the person in taxing the trade for the chargeable period for which such mine development allowance is made an allowance (which shall be known as an “exploration investment allowance”) equal to 20 per cent of such expenditure, and section 670(6) shall apply to an exploration investment allowance as it applies to a mine development allowance. |
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Taxes Consolidation Act, 1997 |
(b) Paragraph (a) shall not apply in respect of expenditure deemed under section 675 to have been incurred by a body corporate other than the body corporate which incurred the expenditure. |
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| Links to Section 677 (from within TaxSource Total) | ||
| Act | Linked from | Context |
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Taxes Consolidation Act, 1997 |
(b) that person or any person connected with that person uses for the purposes of such person’s trade assets which belong to the company and in respect of which there is made to the company any of the allowances specified in Chapter 2 of Part 9 or section 670, 673, 674, 677, 680 or 765, |
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Taxes Consolidation Act, 1997 |
(4) Section 677 shall not apply to expenditure in respect of which an allowance is made by virtue of this section. |
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Taxes Consolidation Act, 1997 |
the company shall be deemed for the purposes of sections 673, 674(3), 677 and 678 and the other provisions of the Tax Acts, apart from section 672, subsections (1), (2) and (4) of section 674 and sections 675, 676, 680, 681, 682 and 683— |
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Taxes Consolidation Act, 1997 |
so that all allowances or charges to be made for an accounting period by virtue of this subsection and section 673, 677 or 678 shall be given effect by treating the amount of any allowance as a trading expense of that trade in the period and by treating the amount on which any such charge is to be made as a trading receipt of that trade in the period. |
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