Finance Act, 1979

Amendment of section 25 (increase of writing-down allowances for certain industrial buildings) of Finance Act, 1978.

25.Section 25 of the Finance Act, 1978 , is hereby amended by the substitution in subsection (1) of “the person” for “a person” and of “the allowance” for “an allowance” and the said subsection (1), as so amended, is set out in the Table to this section.


(1) In this section “qualifying expenditure” means capital expenditure incurred, on or after the 2nd day of February, 1978, by the person to whom the allowance under section 264 (inserted by the Corporation Tax Act, 1976 ) of the Income Tax Act, 1967 , falls to be made on the construction of a building or structure which is to be an industrial building or structure occupied by the said person for a purpose specified in paragraph (a), (b) or (d) of section 255 (1) of the said Act :