Taxes Consolidation Act 1997 section 460

Rate of tax at which repayments are to be made

Section 460 sets out the rules governing the rate at which repayments of income tax are made where a person is entitled to allowances, deductions or reliefs.

• Repayments of income tax arising from allowances, deductions or reliefs are made at the standard rate or the higher rate, as appropriate.
• Where a person has no taxable income for a year of assessment, the full amount of tax paid — whether by deduction at source or otherwise — is repayable.
• The amount repaid cannot exceed the difference between the tax actually paid and the tax that would have been properly payable under the Income Tax Acts.
• Repayments of DIRT are restricted to specific categories: charities (section 266) and individuals aged 65 or over or who are incapacitated (section 267).

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