Finance Act, 1990

Designated areas for urban renewal relief: extension of certain time limits.

30.—(1) For the purposes of the definition of “qualifying period” in each of the provisions of the Finance Act, 1986 , specified in the Table to this subsection, the reference to the 31st day of May, 1991 (as provided for by section 26 of the Finance Act, 1988 ) shall have effect as if it were a reference to the 31st day of May, 1993.

TABLE

Subsection (1) of section 42 (allowance in relation to construction of certain commercial premises).

Subsection (1) (a) of section 44 (allowance to owner-occupiers in respect of certain premises).

Subsection (1) (a) of section 45 (double rent allowance as a deduction in computing trading income).

(2) For the purposes of the definition of “qualifying period” in section 4 of the Finance Act, 1989 , the reference to the 31st day of May, 1991, shall have effect as if it were a reference to the 31st day of May, 1993.