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Amendment of section 1 (interpretation) of Principal Act.
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96.—Section 1 of the Principal Act is hereby amended in subsection (1)—
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(a) by the insertion after the definition of “Appeal Commissioners” of the following definition:
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“‘assignment’, in relation to an interest in immovable goods, means the assignment by a person of that interest in those goods or of any part of those goods to another person:
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Provided that where that other person at the time of the assignment retains the reversion on that interest in those goods, that assignment shall be a surrender;”,
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(b) by the insertion after the meaning assigned to “supply” of the following definition:
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“‘surrender’, in relation to an interest in immovable goods, means the surrender by a person (hereafter referred to in this definition as ‘the lessee’) of an interest in those goods or any part of those goods to the person (hereafter referred to in this definition as ‘the lessor’) who at the time of the surrender retains the reversion on the interest in those goods and also includes the abandonment of that interest by the lessee and the failure of the lessee to exercise any option of the type referred to in subsection (1)(b) of section 4 in relation to that interest and surrender of an interest also includes the recovery by the lessor of that interest in those goods by ejectment or forfeiture prior to the date that that interest would, but for its surrender, have expired;”,
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and
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(c) by the insertion after the definition of “taxable services” of the following definition:
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“‘telecommunications services’ means services relating to the transmission, emission or reception of signals, writing, images and sounds or information of any nature by wire, radio, optical or other electromagnetic systems, including the transfer or assignment of the right to use capacity for such transmission, emission or reception;”.
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