Capital Allowances (Jetty)
10/11/1998
Query
Whether a jetty on the Shannon used for charter cruisers is an industrial building or structure.
Decision
Section 268(2) of the Taxes Consolidation Act provides that a dock includes a jetty at which vessels can ship or unship passengers, not being a jetty primarily used for recreation. The occupants of bareboat charters may be regarded as passengers and boarding these vessels comes within the test to “ship or unship”. The jetty itself is not used primarily for recreation it is used to gain access to the boats. It therefore comes within the meaning of industrial building or structure.
Income Tax
Section 268(2), Taxes Consolidation Act, 1997
Origin: Office of the Chief Inspector of Taxes
File ref:it983050