|
|
Capital allowances for buildings and structures in registered caravan and camping sites.
|
28.— Chapter 1 of Part 9 of the Principal Act is amended—
|
|
| |
(a) in section 268, by inserting the following after subsection (2C):
|
|
| |
“(2D) For the purposes of this Part, a building or structure which is comprised in, and is in use as part of, premises which are registered in the register of caravan sites and camping sites kept under the Tourist Traffic Acts 1939 to 2003 shall, as respects capital expenditure incurred on or after 1 January 2008 on its construction (within the meaning of section 270), be deemed to be a building or structure in use for the purposes of the trade of hotel-keeping.”,
|
|
| |
(b) in section 272—
|
|
| |
(i) in subsection (3)—
|
|
| |
(I) in paragraph (c), by substituting “paragraph (d), (da) or (db)” for “paragraph (d) or (da)”, and
|
|
| |
(II) by inserting the following after paragraph (da):
|
|
| |
“(db) in relation to a building or structure which is to be regarded as an industrial building or structure within the meaning of section 268(1)(d) by reason of being comprised in, and in use as part of, premises which are registered in the register of caravan sites and camping sites kept under the Tourist Traffic Acts 1939 to 2003, 4 per cent of the capital expenditure on the construction (within the meaning of section 270) of the building or structure which is incurred on or after 1 January 2008,”,
|
|
| |
and
|
|
| |
(ii) in subsection (4)—
|
|
| |
(I) in paragraph (c), by substituting “paragraph (d), (da) or (db)” for “paragraph (d) or (da)”, and
|
|
| |
(II) by inserting the following after paragraph (da):
|
|
| |
“(db) in relation to a building or structure which is to be regarded as an industrial building or structure within the meaning of section 268(1)(d) by reason of being comprised in, and in use as part of, premises which are registered in the register of caravan sites and camping sites kept under the Tourist Traffic Acts 1939 to 2003—
|
|
| |
(i) 25 years beginning with the time when the building or structure was first used, or
|
|
| |
(ii) where capital expenditure on the refurbishment of the building or structure is incurred, 25 years beginning with the time when the building or structure was first used subsequent to the incurring of that expenditure,
|
|
| |
in the case where the capital expenditure on the construction (within the meaning of section 270) of the building or structure is incurred on or after 1 January 2008,”,
|
|
| |
and
|
|
| |
(c) in section 274(1)—
|
|
| |
(i) in paragraph (b)(iii), by substituting “subparagraph (iv), (iva) or (ivb)” for “subparagraph (iv) or (iva)”, and
|
|
| |
(ii) by inserting the following after subparagraph (iva):
|
|
| |
“(ivb) in relation to a building or structure which is to be regarded as an industrial building or structure within the meaning of section 268(1)(d) by reason of being comprised in, and in use as part of, premises which are registered in the register of caravan sites and camping sites kept under the Tourist Traffic Acts 1939 to 2003—
|
|
| |
(i) 25 years after the building or structure was first used, or
|
|
| |
(ii) where capital expenditure on the refurbishment of the building or structure is incurred, 25 years after the building or structure was first used subsequent to the incurring of that expenditure,
|
|
| |
in the case where the capital expenditure on the construction (within the meaning of section 270) of the building or structure is incurred on or after 1 January 2008,”.
|
