What is the section 47 agreement?
Asked by: Kassandra Farrell | Last update: May 20, 2026Score: 4.6/5 (70 votes)
A "Section 47 agreement" refers to different legal instruments depending on the jurisdiction and context, most commonly an Irish planning agreement restricting land use (like occupancy) or, in the US, related to the Internal Revenue Code's historic tax credits (IRC Section 47) or complex Investment Company Act (ICA) rules, making it a varied term. In Ireland, it's a pact with a planning authority about land development or use, often for restricting private housing occupancy. In the US, it can be about tax credits for historic buildings or legal battles over investment fund contracts.
What is the purpose of section 47?
Purpose of Section 47 Enquiries
A Section 47 Enquiry is initiated to decide whether, and what type of, action is required to safeguard and promote the welfare of a child who is suspected of, or likely to be, suffering significant harm.
What is the difference between section 47 and 48?
The purpose of a s. 47 notice is to inform the leaseholder of the freeholder's identity by providing its name and address. A s. 48 notice has the sole purpose of stating an address in England & Wales where the leaseholder can serve notices on the freeholder.
What is Section 47 of the Planning and Development Act 2000?
—(1) A planning authority may enter into an agreement with any person interested in land in their area, for the purpose of restricting or regulating the development or use of the land, either permanently or during such period as may be specified by the agreement, and any such agreement may contain such incidental and ...
What is the Section 47 tax credit?
The rehabilitation credit–under Internal Revenue Code (IRC) Section 47–is also commonly referred to as the historic preservation or historic tax credit. The credit provides a tax incentive to rehabilitate historic buildings.
Understanding Section 47 of the Contract Act: Time and Place for Performance
What is Section 47 of the income tax Act?
Section 47 provides an essential facilitator for restructuring internal business transfer for corporate taxpayers. Exempting specified transactions from being charged with capital gains eases the unbroken reorganisation of corporate entities, possibly resulting in better business efficiency and strategic realignment.
How do I know if I qualify for an investment credit recapture?
Generally, if the asset has been used for at least five years, you're not required to recapture the credit; however, if it's within the five-year window, you'll need to use Form 4255.
What is the purpose of section 47 of CPC?
Section 47 of the Code of Civil Procedure (CPC) is all about the ticking clock and the importance of adhering to time limits when it comes to executing decrees. It lays down the law regarding the maximum period within which a decree can be enforced.
What is a section 47 offence?
Section 47 OAPA 1861 – maximum 5 years' imprisonment
This offence (section 47 OAPA 1861) is committed when a person intentionally or recklessly assaults another, thereby causing actual bodily harm (ABH). Harm need not be permanent but must be more than transient and trifling: R v Donovan [1934] 2 KB 498.
What is Section 47 of the Family Law Act 1996?
47 Arrest for breach of order.
it shall attach a power of arrest to one or more provisions of the order unless satisfied that in all the circumstances of the case the applicant or child will be adequately protected without such a power of arrest.
What is the 47 of the Landlord and Tenant Act 1987?
47 Landlord's name and address to be contained in demands for rent etc. E+W. (b)if that address is not in England and Wales, an address in England and Wales at which notices (including notices in proceedings) may be served on the landlord by the tenant.
What is a notice to a tenant of change of landlord?
The Section 3 Notice is a legal document that must be served by landlords to their tenants. It is required when there is a change in the landlord due to various reasons, such as the sale of the property, inheritance, or change in management.
What are the possible outcomes of a section 47?
How many outcomes are there of a section 47 Enquiry? There are five possible outcomes of a Section 47 Enquiry: No Further Action: If the enquiry determines that the child is not at significant risk of harm, no further action may be taken, and the case may be closed.
What responsibilities do parents have under Section 47?
Parents are integral to the Section 47 process and are kept informed of concerns and developments unless doing so would endanger the child. Parents' rights include the following: The right to be informed about the reasons for the enquiry. The right to receive support and advice from professionals.
What is Section 47 of social services?
The purpose of Section 47 enquiries is to establish whether a child is suffering or is likely to suffer significant harm and requires intervention to safeguard and promote their well-being. significant harm and promote their well-being. inform any subsequent care and support/protection plan.
What is Section 47 of the Criminal Procedure Act?
Private persons to assist in arrest when called upon. (1)Every male inhabitant of the Republic of an age not below sixteen and not exceeding sixty years shall, when called upon by any police official to do so, assist such police official— (a)in arresting any person; (b)in detaining any person so arrested.
Can parents get legal help during Section 47?
In most cases, parents and carers are encouraged to attend and are entitled to take someone for support or have a legal representative to accompany them too.
What is the crimes act section 47?
47 Using etc explosive substance or corrosive fluid etc
with intent in any such case to burn maim disfigure disable, or do grievous bodily harm to, any person, shall, whether bodily injury is effected or not, be liable to imprisonment for 25 years.
What is the Section 47 privilege?
In California, the litigation privilege is covered under Civil Code Section 47b. This common law doctrine grants protection from civil liability for certain communications and actions that are made in connection with or in preparation for legal proceedings.
What questions are determined by executing court section 47?
1. All questions arising between the parties to the suit in which the decree was passed, or their representatives, and relating to the execution, discharge or satisfaction of the decree, shall be determined by the Court executing the decree and not by a separate suit.
What are some landmark cases involving Section 47?
Abhishek Raja "Ram"
- Top 5 Landmark Case Laws on Section 47 Returns : Key Judicial Rulings and Their Implications.
- Suchak Marketing – ( Kolkata Bench )
- (2013) 42 GST 3: 35 taxmann 360.
- The court ruled that under Circular No. ...
- Aap And Co – ( Gujarat High Court )
- (2019) 108 taxmann 590.
What is the 5 year recapture rule?
The "5-year recapture rule" generally refers to tax provisions where you must pay back (recapture) all or part of a tax credit or deduction if you sell or change the use of a property or asset too soon, typically within five years of getting the benefit. Key areas include the Rehabilitation Credit (recaptured 100% in year 1, decreasing 20% yearly) and Roth IRA earnings (earnings withdrawn within 5 years of the first contribution are taxed). It can also relate to depreciation on business property, though depreciation recapture applies regardless of the 5-year mark, but is higher on early sales of 5-year assets.
How do people get $10,000 tax refunds?
Getting a $10,000 tax refund usually means you overpaid your taxes significantly during the year or qualify for large refundable credits like the Earned Income Tax Credit (EITC) for families or education credits, potentially combining multiple avenues like energy credits, dependent care, and maximizing deductions (like the capped SALT deduction) to get substantial money back, as a large refund signifies money you loaned the government interest-free.
How to avoid recapture tax?
You might be able to minimize the tax hit from depreciation recapture. Potential strategies include purchasing replacement property in a Section 1031 exchange, timing the sale of business property to when you're in a lower tax bracket, and investing in a Qualified Opportunity Fund.