Finance Act, 1958
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Amendment of Finance (Miscellaneous Provisions) Act, 1956. |
56.—(1) In this section “the Act” means the Finance (Miscellaneous Provisions) Act, 1956 (No. 47 of 1956). | |
(2) Subject to subsection (3) of this section, section 10 of the Act is hereby amended as follows: | ||
(a) in the definition of “year of claim”, “ten” shall, except in relation to subsection (6) of section 12 of the Act, be substituted for “five”, | ||
(b) a year of assessment (in this paragraph referred to as the said year) commencing on or after the 6th day of April, 1960, and not later than the 6th day of April, 1969, may, except in relation to subsection (6) of section 12 of the Act, be a first year of claim in a case in which none of the three consecutive years of assessment of which the first is the year commencing on the 6th day of April, 1957, is or can be the first year of claim for the purpose of making and proving a claim for the said year under section 12 of the Act, | ||
(c) in the definition of “accounting period”, “1966” shall, except in relation to subsection (10) of section 13 of the Act, be substituted for “1961”, | ||
(d) the definition of “goods” shall include— | ||
(i) fish produced within the State on a fish farm, and | ||
(ii) cultivated mushrooms, cultivated within the State, | ||
and, in a case in which books are printed within the State otherwise than by their publisher and they or some of them are exported by their publisher (not being a case to which the proviso to the said definition applies), the books shall be regarded for the purposes of the said definition as having been manufactured within the State by their publisher. | ||
(3) Relief from income tax shall not be given by virtue of subsection (2) of this section in respect of any year of assessment after the year of assessment commencing on the 6th day of April, 1969. | ||
(4) The amendment specified in paragraph (d) of subsection (2) of this section shall have effect as from the passing of the Act, and relief from tax in relation to the period between such passing and the passing of this Act may be given accordingly either by repayment or otherwise as the Revenue Commissioners consider proper. | ||
(5) Subsection (2) of section 15 of the Act is hereby amended, with effect as from the passing of the Act, by the substitution of “body corporate” for “company”. | ||
(6) Section 16 of the Act is hereby amended, with effect as from the 6th day of April, 1958, by the insertion after subsection (5) of the following subsection: | ||
“(5a) Section 4 of the Finance Act, 1937 (No. 18 of 1937), shall apply in relation to an industrial building allowance as it applies in relation to deductions allowable in respect of wear and tear of machinery or plant.” |