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GAZETTE
SEPTEMBER1985
Practice Notes
Standard Form of Building Contract
Members should note that the Irish Permanent Building
Society has decided that all Building Contracts for
private residences entered into subsequent to 30th Sept-
ember, 1985, must be in the form of the Standard Build-
ing Contract issued jointly by the Law Society and the
Construction Industry Federation. The Standard Building
Contract (1985 Edition) is available from the Society at
a cost of £10 per pack of 50.
Residential Property Tax
The following statement in relation to Residential
Property Tax has been issued by the Revenue Commis-
sioners.
The Commissioners have received a number of
enquiries following a recent judgement in the High
Court where a penalty of £1,000, together with costs,
was entered against a person who had failed to make a
return of his residential property.
Residential property tax is a self-assessment tax under
which certain persons are required to complete and
lodge with the Revenue Commissioners a return (Form
R.P.I) accompanied by payment of the tax due in
respect of their residential property.
Persons required to deliver a return in respect of the
current valuation date (5 April, 1985), are
(a) those who owned or occupied residential property,
the market value of which exceeded £66,491 on
5 April, 1985;
and
(b) those who have been requested by the Revenue
Commissioners to make a return.
Completed returns,
accompanied by payment of the
self-assessed tax due,
should have been lodged with
the Revenue Commissioners on or before 1 October, 1985.
The Revenue Commissioners have issued notices to a
number of taxpayers who have failed to complete and
lodge returns. A person required to do so who does not
lodge a return or fails to comply with a notice is liable to
a penalty of £1,000. Where a person fraudulently or
negligently makes an incorrect return the penalties are
£2,000 and the amount of the additional tax or, in the
case of fraud, twice the additional tax. It is the policy of
the Revenue Commissioners to pursue liability for
penalties.
DUBLIN CASTLE,
DUBLIN 2.
NOVEMBER, 1985.
NOVEMBER, 1985.
AGRICULTURAL LOSS
ASSESSMENT
We are in a unique position to offer the following:-
• Combination of qualified Accounts Assessors and
Agricultural Graduates.
• Largest computerised Farm Data Bank in Ireland with
Farm Enterprise Earnings Range.
• Countrywide network of offices.
To provide the following back-up services in Loss
Assessments related to Agricultural Earnings.
• Loss of income claims . CPO . Damages Assessments
• Expert Reports . Inspections and Opinions . Expert
Witness.
IFAC
Irish Farm Accounts Co-Operative Society Limited,
Head Office,
Irish Farm Centre,
Bluebell,
Dublin 12.
Phone: Peadar Murphy at (01) 501166 - 501022
Branch Offices:-
Athenry, Cahir, Cavan, Cork, Dungarvan, Donegal,
Enniscorthy, Kilkenny, Limerick, Nenagh, Portlaoise,
Roscommon, Tralee, Trim, Tullamore, Wicklow.
LAW SOCIETY TIES
Ties with either a maroon or navy blue
background bearing the insignia of the
Law Society are available from
Account Dept.,
Law Society,
Blackhall Place,
Dublin 7.
Cost: £5.95
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