Finance Act, 1991

Application of section 22 (extension of application of relief for conversion of certain buildings) of Finance Act, 1985.

58.—(1) This section applies to—

(a) expenditure incurred on refurbishment (being refurbishment within the meaning of paragraph (a) of section 55 (2)) in the course of conversion into a house of a building in the Temple Bar Area not previously in use as a dwelling;

(b) expenditure within the meaning of section 22 of the Finance Act, 1985 , incurred—

(i) in the designated area known as the Custom House Docks Area (as provided for by section 41 of the Finance Act, 1986 ) in the period commencing on the 30th day of January, 1991, and ending on the last day of the specified period (being the specified period within the meaning of the said section 41),

(ii) in any other designated area (as so provided and subject to section 27 of the Finance Act, 1987 ) in the period commencing on the 30th day of January, 1991, and ending on the 31st day of May, 1993, and

(iii) in any other area in the period commencing on the 1st day of April, 1991, and ending on the 31st day of March, 1992.

(2) As respects expenditure to which subsection (1) (a) applies, section 22 of the Finance Act, 1985 , shall be deemed to have effect, subject to any necessary modifications—

(a) in subsections (1) and (2) of the said section 22, as if for “commencing on the 27th day of January, 1988, and ending on the 31st day of March, 1991,” (as provided for by section 29 of the Finance Act, 1988 ) there were substituted “commencing on the 6th day of April, 1991, and ending on the 5th day of April, 1996,”,

(b) as if subsection (2) of the said section 22 were deleted,

(c) in subsection (4) of the said section 22, as if for the definition of “qualifying period” (as so provided for) there were substituted the following definition:

“‘qualifying period’ means the period commencing on the 6th day of April, 1991, and ending on the 5th day of April, 1996;”,

(d) as if the proviso to section 29 (2) and section 30 of the Finance Act, 1983 , were deleted, and

(e) as if the said expenditure were expenditure within the meaning of subsection (1) of section 24 of the Finance Act, 1981 .

(3) (a) As respects expenditure to which subsection (1) (b) (i) applies, section 22 of the Finance Act, 1985 , shall have effect—

(i) in subsections (1) and (2) of the said section 22, as if for “commencing on the 27th day of January, 1988, and ending on the 31st day of March, 1991,” (as provided for by section 29 of the Finance Act, 1988 ) there were substituted “commencing on the 30th day of January, 1991, and ending on the last day of the specified period (being the specified period within the meaning of section 41 of the Finance Act, 1986 ),”,

(ii) in subsection (4) of the said section 22, as if for the definition of “qualifying period” (as so provided for) there were substituted the following definition:

“‘qualifying period’ means the period commencing on the 30th day of January, 1991, and ending on the last day of the specified period (being the specified period within the meaning of section 41 of the Finance Act, 1986 );”,

and

(iii) as if the proviso to section 29 (2) and section 30 of the Finance Act, 1983 , were deleted;

(b) as respects expenditure to which subsection (1) (b) (ii) applies, section 22 of the Finance Act, 1985 , shall have effect—

(i) in subsections (1) and (2) of the said section 22, as if for “commencing on the 27th day of January, 1988, and ending on the 31st day of March, 1991,” (as provided for by section 29 of the Finance Act, 1988 ) there were substituted “commencing on the 30th day of January, 1991, and ending on the 31st day of May, 1993,”,

(ii) in subsection (4) of the said section 22, as if for the definition of “qualifying period” (as so provided for) there were substituted the following definition:

“‘qualifying period’ means the period commencing on the 30th day of January, 1991, and ending on the 31st day of May, 1993;”,

and

(iii) as if the proviso to section 29 (2) and section 30 of the Finance Act, 1983 , were deleted;

(c) as respects expenditure to which subsection (1) (b) (iii) applies, section 22 of the Finance Act, 1985 , shall have effect—

(i) in subsections (1) and (2) of the said section 22 , and section 30 (2) of the Finance Act, 1983 , as if for “commencing on the 27th day of January, 1988, and ending on the 31st day of March, 1991,” (as provided for by section 29 of the Finance Act, 1988 ) there were substituted “commencing on the 1st day of April, 1991, and ending on the 31st day of March, 1992,”,

(ii) in subsection (4) of the said section 22, as if for the definition of “qualifying period” (as so provided for) there were substituted the following definition:

“‘qualifying period’ means the period commencing on the 1st day of April, 1991, and ending on the 31st day of March, 1992;”,

and

(iii) as if the proviso to section 29 (2) of the Finance Act, 1983 , were deleted.