During his Budget 2024 speech on 10 October 2023, Minister Michael McGrath TD noted that the land-leasing income tax relief would be amended to provide that the land will need to be owned for seven years before the exemption can apply. The Finance Bill, which was released the following week, did not include any details of this amendment. However, the Committee Stage amendments inserted a new s33 in Finance (No. 2) Act 2023, which made the legislative amendments to s664 TCA 1997.
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