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Amendment of section 3 (supply of goods) of Principal Act.
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182.—Section 3 of the Principal Act is amended in subsection (5)—
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(a) in subparagraph (iii) of paragraph (b) by the insertion after “person” of “even if that business or that part thereof had ceased trading”, and
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(b) by the insertion of the following after paragraph (c) (inserted by the Act of 1999):
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“(d) The disposal of goods by an insurer who has taken possession of them from the owner of those goods, in this subsection referred to as the “insured”, in connection with the settlement of a claim under a policy of insurance, being goods—
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(a) in relation to the acquisition of which the insured had borne tax, and
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(b) which are of such a kind or were used in such circumstances that no part of the tax borne was deductible by the insured,
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shall be deemed for the purposes of this Act not to be a supply of goods.”.
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