Finance Act, 1945

PART IV.

Corporation Profits Tax.

Temporary amendment of section 47 of the Finance Act, 1932.

6.—(1) In respect of every accounting period or part of an accounting period beginning on or after the 1st day of January, 1945, and ending on or before the 31st day of December, 1946, paragraph (b) of subsection (1) of section 47 of the Finance Act, 1932 (No. 20 of 1932), shall be construed and have effect and be deemed always to have had effect as if the word “tramway” were deleted therefrom, and section 17 of the Finance Act, 1944 (No. 18 of 1944), shall be construed and have effect accordingly.

(2) In this section the expression “accounting period” has the same meaning as it has in the enactments relating to corporation profits tax.