Finance Act, 1988

Continuation of certain allowances.

50.—The provisions (inserted by the Corporation Tax Act, 1976 , and amended by section 20 of the Finance Act, 1985 ) of the Income Tax Act, 1967 , specified in the Table to this section shall have effect as if the references to the 1st day of April, 1988 (as provided for in section 20 of the Finance Act, 1985 ) were references to the 1st day of April, 1991.

TABLE

Subsection (2A) (a) of section 254 (industrial building allowance),

Paragraph (ii) of the proviso to subsection (1) and paragraph (ii) of the proviso to subsection (3) of section 264 (annual allowances),

Paragraph (iii) of the proviso to subsection (1) of section 265 (balancing allowances and balancing charges).