Finance Act 2003

Amendment of section 7 (waiver of exemption) of Principal Act.

117.—Section 7 of the Principal Act is amended by inserting the following after paragraph (a) of subsection (3)—

“(aa) the amount of tax deducted by him in accordance with section 12, prior to the commencement of the letting of the immovable goods to which the waiver relates, in respect of or in relation to his acquisition of his interest in, or his development of, those immovable goods,”.