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Finance Act, 1985

Amendment of Chapter VIII (stock relief) of Part I of Finance Act, 1984.

18.—Chapter VIII of Part I of the Finance Act, 1984 , is hereby amended—

(a) in subsection (3) of section 49, by the substitution of “1985” for “1984”, and

(b) in the definition of “relevant year” in section 51, by the insertion after “1984-85” of “or 1985-86”,

and the said subsection and the said definition, as so amended, are set out in the Table to this section.

TABLE

(3) A company shall not be entitled to a deduction under this section for any accounting period which ends before the 6th day of April, 1983, or after the 5th day of April, 1985.

“relevant year” means the year 1984-85 or 1985-86;