Finance Act, 2000

Amendment of section 333 (double rent allowance in respect of rent paid for certain business premises) of Principal Act.

37.—Section 333 of the Principal Act is amended by the substitution in subsection (1)(a) of the following for the definition of “qualifying lease”:

“qualifying lease’ means, subject to subsection (4), a lease in respect of a qualifying premises granted in the qualifying period, or granted in any subsequent period ending on or before 31 December 1999, on bona fide commercial terms by a lessor to a lessee not connected with the lessor, or with any other person entitled to a rent in respect of the qualifying premises, whether under that lease or any other lease;”.