Finance Act, 1988
Amendment of section 23 (deduction for certain expenditure on construction of rented residential accommodation) of Finance Act, 1981. |
27.—(1) As respects expenditure to which this section applies, section 23 of the Finance Act, 1981 , shall apply as if— | |
(a) in subsection (1) (a) for the definition of “qualifying period” there were substituted the following definition— | ||
“‘qualifying period’ means the period commencing on the 27th day of January, 1988, and ending on the 31st day of March, 1991;”, and | ||
(b) in the definition of “qualifying premises” in the said subsection (1) (a) “90 square metres” were substituted for “75 square metres”. | ||
(2) This section applies to expenditure incurred in the period commencing on the 27th day of January, 1988, and ending on the 31st day of March, 1991, on the construction of a qualifying premises. | ||
(3) This section shall be construed together with section 23 of the Finance Act, 1981 . |