Finance Act, 1984

Cesser of certain provisions of Finance Act, 1983.

64.—(1) Save as respects a trade of farming, the Tax Acts shall have effect, and shall be deemed always to have had effect, as if subsections (3) and (4) of section 26 of the Finance Act, 1983 , had not been enacted.

(2) Where, by virtue of either subsection (3) (b) or (4) (b) of the said section 26, any amount was, notwithstanding subsection (1) of this section, treated as a trading receipt for the purpose of any assessment to tax, there shall be made such assessments, additional assessments, reductions of assessments or repayments of tax as may in any case be required in order to give effect to the said subsection (1).