PRSI/Health Contribution & Residential Development Land

A comprehensive article on Residential Development Land was published in Tax Briefing Issue 40 - June 2000.

A number of queries have been received in relation to the chargeability of PRSI and the Health Contribution on profits or gains chargeable to income tax under the provisions of Section 644A TCA 1997 at the special rate of 20%.

Considering the context in which Section 644A TCA 1997 was enacted and the separation of the source from “total income” for tax purposes, Revenue will not charge PRSI or the Health Contribution on profits or gains chargeable under the provisions of Section 644A TCA 1997.