Finance Act, 1997
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Amendment of section 134 (deduction for increase in stock values) of Finance Act, 1996 . |
18.— Section 134 of the Finance Act, 1996 , is hereby amended in subsection (3)— | |
(a) by the substitution in paragraph (a) of “1999” for “1997”, | ||
and | ||
(b) by the substitution in paragraph (b) of “1998-99” for “1996-97”, | ||
and the said paragraphs (a) and (b), as so amended, are set out in the Table to this section. | ||
TABLE | ||
(a) A deduction shall not be allowed under the provisions of this section in computing a company's trading income for any accounting period which ends on or after the 6th day of April, 1999. | ||
(b) Any deduction allowed by virtue of this section in computing the profits or gains of the trade of farming for an accounting period of a person other than a company shall not have effect for any purpose of the Income Tax Acts for any year of assessment later than the year 1998-99. |