Taxes Consolidation Act, 1997 (Number 39 of 1997)
[1]>
485D Application (Chapter 2A).
This Chapter shall apply to an individual for a tax year where—
(a) the individual’s adjusted income for the tax year is equal to or greater than [4]>the threshold amount<[4][4]>the income threshold amount<[4], and
(b) the aggregate of [2]>[3]>the specified reliefs used by the individual in the tax year<[2]<[3][2]>[3]>the specified reliefs used by the individual in respect of the tax year<[2]<[3] is equal to or greater than [5]>the threshold amount<[5][5]>the relief threshold amount<[5],
but this Chapter, other than section 485F, shall not apply for the tax year where [6]>one-half of the individual’s adjusted income<[6][6]>20 per cent of the individual’s adjusted income<[6] for the tax year is equal to or greater than the aggregate of the specified reliefs used by the individual in respect of the tax year.
<[1]
[1]
Inserted by FA06 s17(1). Applies for the year of assessment 2007 and subsequent years of assessment.
[2]
Substituted by FA07 s18(1)(b). Applies for the year of assessment 2007 and subsequent years of assessment.
[3]
Substituted by FA07 s18(1)(b). Applies for the year of assessment 2007 and subsequent years of assessment.
[4]
Substituted by FA10 s23(1)(c)(i). Applies as respects the year of assessment 2010 and subsequent years of assessment.
[5]
Substituted by FA10 s23(1)(c)(ii). Applies as respects the year of assessment 2010 and subsequent years of assessment.