S.L. 123.158 Art. 3Deductions.

(1) Where a qualifying person provides a work placement or an apprenticeship in the year preceding the year of assessment, a deduction equivalent to €600 for each work placement and €1,200 for each apprenticeship shall be allowed against the said person’s income charged to tax for such year of assessment: Provided that the deduction shall only be allowed where the work placement or apprenticeship, as the case may be, is of at least 6 months continuous duration:

Provided further that, to the extent that the deduction cannot be wholly set off against the income of the qualifying person for the year during which the expenditure was incurred, it shall be carried forward and set off against the income of subsequent years in succession:

Provided also that, where the qualifying person is an individual, to the extent that the deduction cannot be wholly set off against the income of the individual or of his spouse, where applicable, for the aforesaid year, it shall be carried forward and set off against the income for subsequent years in succession.

(2) The deduction shall only be allowed where the qualifying person does not benefit from any deduction, tax credit or any other form of assistance in relation to the said expenditure by the Government or any Government entity.