Taxes Consolidation Act 1997 section 192E

Exemption in respect of water conservation grant

Section 192E exempts the water conservation grant from income tax, USC and PRSI.

  • A payment made under section 5 of the Water Services Act 2014 (the water conservation grant) is fully exempt from income tax.
  • The grant is not reckoned in computing income for the purposes of the Income Tax Acts.
  • As a consequence of the income tax exemption, the grant is also exempt from USC and PRSI.
  • This section was introduced by Finance Act 2015.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.

Become a member