Business tax relief for road vehicles and boats raised to €700 and €1,000 for clean vehicles

Article 6 of the 2005 Amending Finance Act amends Article 1647 C of the General Tax Code. From 2005 taxes, the business tax relief per vehicle rises to €700 for road vehicles and tractors of 16 tonnes or more, coaches and boats below 400 tonnes deadweight (or pushers below 300 kW), and to €1,000 for vehicles of 16 tonnes or more meeting EU environmental standards. Larger boats receive €2 per tonne deadweight or per kilowatt; other vehicles stay at €366. For 2005 the relief can be set against the business tax balance.