Finance Act, 1992
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Amendment of Chapter VII (Urban Renewal: Temple Bar and other areas) of Part I of Finance Act, 1991. |
34.—Chapter VII of Part I of the Finance Act, 1991 , is hereby amended— | |
(a) in subsection (1) (a) of section 56— | ||
(i) by the insertion in the definition of “qualifying period” in subparagraph (ii) of the following proviso to that definition: | ||
“Provided that where relevant expenditure is incurred on any qualifying premises the foundation for which was laid in its entirety on or before the 31st day of May, 1993, the first-mentioned reference to the 31st day of May, 1993, in this definition shall be construed as a reference to the 31st day of May, 1994.”, | ||
and | ||
(ii) by the insertion in the definition of “qualifying period” in subparagraph (iv) of the following proviso to that definition: | ||
“Provided that— | ||
(I) subject to paragraph (II), where relevant expenditure is incurred on any qualifying premises the foundation for which was laid in its entirety on or before the 28th day of January, 1992, the reference to the 31st day of March, 1992, shall be construed as a reference to the 31st day of July, 1992, and | ||
(II) paragraph (I) shall not apply to expenditure to which the provisions of section 23 of the Finance Act, 1981 , are applied by virtue of the provisions of— | ||
(A) section 24 of that Act, or | ||
(B) section 21 or 22 of the Finance Act, 1985 ;”; | ||
(b) in section 57, by the substitution of “the 31st day of May, 1994” for “the 31st day of May, 1993” in subsection (1) (b) (ii) and in the definition of “qualifying period” in subsection (3) (a) (ii); and | ||
(c) in section 58, by the substitution of “the 31st day of May, 1994” for “the 31st day of May, 1993” in both subsections (1) (b) (ii) and (3) (b) (i) and in the definition of “qualifying period” in subsection (3) (b) (ii). |