Finance (No. 2) Bill 2026: Financial Resolutions

I move the following Resolutions: THAT section 10 of the Finance (No. 2) Bill 2026, which relates to the measures contained in Schedule 3 of the Taxes Consolidation Act 1997 (No. 40 of 1997) providing a definition of the relevant capital sum be amended in the manner and to the extent specified in the Act giving effect to this Resolution. THAT section 531AA of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides for definitions for the purposes of Part 18C, which relates to Domicile Levy, be amended in the manner and to the extent specified in the Act giving effect to this Resolution by providing that a donation qualifying for tax relief under section 847AA Taxes Consolidation Act 1997 will not be deducted from an individual's "world wide income" for the purposes of Domicile Levy. THAT section 847A of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides for tax relief on donations by companies and individuals to "approved sports bodies" for funding certain projects be amended in the manner and to the extent specified in the Act giving effect to this Resolution to impose an upper limit on the tax relieved donations made by an individual in a year of assessment of €1 million or, where the donor is associated with the approved sports body, 10 per cent of the donor's total income. THAT section 847AA of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides a scheme of tax relief for donations to certain sports national governing bodies (NGBs), be amended in the manner and to the extent specified in the Act giving effect to this Resolution to impose an upper limit on the tax relieved donations made by an individual in a year of assessment of €1 million or, where the donor is associated with the NGB, 10 per cent of the donor's total income. THAT schedule 25B of the Taxes Consolidation Act 1997 (No. 39 of 1997), which contains a table outlining the specified tax reliefs available to certain individuals which are restricted under Chapter 2A of Part 15 of that Act (limitation on amount of certain reliefs used by certain high income individuals) be amended in the manner and to the extent specified in the Act giving effect to the Resolution to provide that donations made under section 847AA of that Act, for the purposes of the high income individuals' restriction, cannot be used to reduce an individual's taxable income. THAT section 667D of the Taxes Consolidation Act 1997 (No. 39 of 1997), which contains provisions in relation to succession farm partnerships, be amended in the manner and to the extent specified in the Act giving effect to this Resolution. THAT section 413 of the Taxes Consolidation Act 1997, which contains definitions and interpretation provisions relating to the group relief measures in Chapter 5 of Part 12, and section 752 of the Taxes Consolidation Act 1997, which contains provisions designed to prevent a tax avoidance scheme involving a dividend stripping device, be amended in the manner and to the extent specified in the Act giving effect to this Resolution. THAT the Taxes Consolidation Act 1997 (No. 39 of 1997) be amended by the insertion of a new Part 27A to provide for the establishment of individual investment accounts, to be operated and taxed in the manner and to the extent specified in the Act giving effect to this Resolution. THAT the Taxes Consolidation Act 1997 (No. 39 of 1997) be amended by the insertion of a new section 739DA to provide for the tax treatment of investors in investment undertakings whose units are held in a recognised clearing system in the manner and to the extent specified in the Act giving effect to this Resolution. THAT Part 35B of the Taxes Consolidation Act 1997, which provides Controlled Foreign Company rules to prevent the artificial diversion of profits from controlling companies to offshore entities in low or no tax jurisdictions and also provides for certain exemptions from the application of those rules, be amended in the manner and to the extent specified in the Act giving effect to this Resolution. THAT Chapter 5 of Part 29 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which deals with the taxation of companies engaged in knowledge development, be amended in the manner and to the extent specified in the Act giving effect to this Resolution. THAT section 247 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which contains provisions providing relief for companies for interest paid on certain loans, be amended in the manner and to the extent specified in the Act giving effect to this Resolution. THAT Schedule 1 of the Finance Act 2024 (No. 43 of 2024), which provides the rate of e liquid product tax, be amended in the manner and to the extent specified in the Act giving effect to this Resolution. THAT section 67B of the Finance Act 2002, which provides for the imposition of betting intermediary duty be amended in the manner and to the extent specified in the Act giving effect to this Resolution. THAT section 132 of the Finance Act 1992, which provides for definitions of categories of vehicles for the purposes of Vehicle Registration Tax (VRT), be amended in the manner and to the extent specified in the Act giving effect to this Resolution by providing that an increase of 1 per cent be added to the rates of VRT charged for Category A vehicles from rate band 3 to rate band 20. THAT section 84 of the Finance Act 2025 (No. 18 of 2025), which provides for an amendment to section 125A of the Stamp Duties Consolidation Act 1999 (No. 31 of 1999) is to be amended in the manner and to the extent specified in the Act giving effect to this Resolution. THAT section 125A of the Stamp Duties Consolidation Act 1999 (No. 31 of 1999), which provides for a stamp duty to be levied on health insurance contracts that are entered into or renewed between authorised insurers and their customers in each quarter, be amended in the manner and to the extent specified in the Act giving effect to this Resolution. THAT section 126AB of the Stamp Duties Consolidation Act 1999 (No. 31 of 1999) which contains provisions in relation to stamp duty levied on certain financial institutions be amended in the manner and to the extent specified in the Act giving effect to this Resolution. THAT the Taxes Consolidation Act 1997 (No. 39 of 1997) be amended by the insertion of a new Chapter 4A, Part 42, to be referred to as "Administration of permissible ceiling of general de minimis aid and agricultural de minimis aid", having the effect of restricting reliefs or entitlements in the manner and to the extent specified in the Act giving effect to this Resolution. THAT the provisions contained in Part 4A of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides for the implementation of Council Directive (EU) 2022/2523 of 15 December 2022 on ensuring a global minimum level of taxation for multinational enterprise groups and large scale domestic groups in the Union, be amended in the manner and to the extent specified in the Act giving effect to this Resolution. THAT the Taxes Consolidation Act 1997 (No. 39 of 1997) be amended by the insertion of a new Part 22C to provide for a new tax, to be referred to as "derelict property tax", to be charged, levied and paid in the manner and to the extent specified in the Act giving effect to this Resolution.