Taxes Consolidation Act 1997 Schedule 26 Part 2

Approval of a body for education in the arts

Schedule 26 Part 2 defines what constitutes an approved body and an approved subject for the purposes of tax relief on donations to bodies providing education in the arts.

• An approved body is one approved by the Minister for Finance that either provides a third-level course or is permanently established solely to advance one or more approved subjects on a national or regional basis.
• Approved subjects include architecture, art and design, music and musical composition, theatre arts, film arts, and any other subject the Minister for Finance may approve.
• A body established to advance approved subjects must contribute to that advancement on a national or regional basis and must be prohibited by its constitution from distributing assets or profits to its members.
• The Minister for Finance may withdraw approval from a body by written notice, with the withdrawal taking effect from the day after the notice is published in Iris Oifigiúil.