Finance Act, 1965

Exports relief.

6.—(1) In this section “the Act” means the Finance (Miscellaneous Provisions) Act, 1956 .

(2) In subparagraph (i) of paragraph (b) of subsection (2) of section 56 of the Finance Act, 1958 (as substituted in subsection (1) of section 28 of the Finance Act, 1960 ) “1980-81” shall be substituted for “1975-76”.

(3) Where, apart from the provisions of this section, a company is entitled to claim relief under Part III of the Act, by virtue of subsection (1) of section 29 of the Finance Act, 1960 , in respect of the year 1974-75 or any earlier year of assessment, the company may, in lieu of such relief, claim relief under subsection (1) or subsection (3) of section 12 of the Act as if that year of assessment were a year of claim within the meaning of section 10 of the Act.

(4) Where a company has obtained relief under Part III of the Act by virtue of subsection (3) of this section and is subsequently entitled to relief under subsection (1) of section 29 of the Finance Act, 1960 , the last-mentioned relief shall be granted as if the last year of assessment in respect of which relief is due by virtue of subsection (3) of this section was the company's last year of claim within the meaning of section 10 of the Act:

Provided that no relief shall be given in respect of any year of assessment after the fourteenth year of assessment after the first year of claim or in respect of any year of assessment after the year 1979-80.