Finance Act, 1977

Amendment of section 8 (suspension of shipping investment allowance) of Finance Act, 1973.

38.Section 8 (1) of the Finance Act, 1973 , is hereby amended by the substitution of “the 1st day of April, 1979” for “the 1st day of April, 1977” (inserted by the Finance Act, 1975 ), and the said section 8 (1), as so amended, is set out in the Table to this section.


8.—(1) Section 246 of the Income Tax Act, 1967 , shall not apply to any expenditure incurred on or after the 24th day of July, 1973, and before the 1st day of April, 1979, on the purchase of a new ship.