Taxes Consolidation Act 1997 section 225

Employment grants

Section 225 exempts certain employment grants made by IDA Ireland and SFADCo from income tax and corporation tax.

  • The section applies to employment grants made under specific industrial development and Shannon Free Airport legislation.
  • Qualifying grants include those made under sections 3 or 4 of the Shannon Free Airport Development Company Limited (Amendment) Act, 1970.
  • Grants made under section 25 of the Industrial Development Act, 1986 or section 12 of the Industrial Development Act, 1993 also qualify.
  • Any grant covered by this section is completely disregarded for the purposes of the Tax Acts, meaning it is exempt from both income tax and corporation tax.

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