Finance Act, 1998
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Amendment of section 3 (supply of goods) of Principal Act. |
105.— Section 3 of the Principal Act is hereby amended in subsection (1) by the substitution of the following paragraph for paragraph (f)— | |
“(f) the appropriation of goods by a taxable person for any purpose other than the purpose of his business or the disposal of goods free of charge by a taxable person where— | ||
(i) tax chargeable in relation to those goods— | ||
(I) upon their purchase, intra-Community acquisition or importation by the taxable person, or | ||
(II) upon their development, construction, assembly, manufacture, production, extraction or application under paragraph (e), | ||
as the case may be, was wholly or partially deductible under section 12, or | ||
(ii) the ownership of those goods was transferred to the taxable person in the course of a transfer of a business or part thereof and that transfer of ownership was deemed not to be a supply of goods in accordance with subsection (5)(b), and”. |