Finance Act, 1991
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Continuation of certain allowances, etc. |
22.—(1) The provisions (inserted by the Corporation Tax Act, 1976 , and amended by section 50 of the Finance Act, 1988 ) 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, 1991 (as provided for in section 50 of the Finance Act, 1988 ) were references to the 1st day of April, 1996: | |
Provided that subsection (2A) (a) of section 254 of the Income Tax Act, 1967 , shall have such effect for the purposes only of section 51 (as amended by section 80 of the Finance Act, 1990 ) of the Finance Act, 1988 , section 81 of the Finance Act, 1990 , and Chapter VII of the Finance Act, 1991. | ||
(2) (a) Subsection (3) of section 42 of the Finance Act, 1986 , is hereby repealed. | ||
(b) This subsection shall be deemed to have come into effect on the 1st day of June, 1989. | ||
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). |