Finance Act, 1995

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Amendment of Chapter VII (Urban Renewal: Temple Bar and Other Areas) of Part I of Finance Act, 1991.

34.—(1) Chapter VII (as amended by section 37 of the Finance Act, 1994 ) of Part I of the Finance Act, 1991 , is hereby amended—

(a) in section 54 (3)—

(i) in paragraph (b), by the substitution of “31st day of July, 1994” and “5th day of April, 1998” for “31st day of May, 1991” and “5th day of April, 1996” respectively, and

(ii) in paragraph (c), by the substitution of “5th day of April, 1998” for “5th day of April, 1996”,

(b) in section 55—

(i) in subsection (1) (a), by the substitution of “5th day of April, 1998” for “5th day of April, 1996” in paragraph (i) of the definition of “qualifying building”,

(ii) in subsection (1) (b), by the deletion of clause (II) of subparagraph (ii), and

(iii) in subsection (2) (b), by the deletion of clause (III) of subparagraph (ii),

(c) in section 56—

(i) in subsection (1) (a), by the substitution of “5th day of April, 1998” for “5th day of April, 1996” in the definition of “qualifying period” in subparagraph (iii), and

(ii) in subsection (1) (b)—

(I) by the substitution of “125 square metres” for “90 square metres”, and

(II) by the deletion of the proviso to that subsection,

(d) in section 57 (2), by the substitution of “5th day of April, 1998” for “5th day of April, 1996” in the definition of “qualifying period” in paragraph (b), and

(e) in section 58 (2), by the substitution of “5th day of April, 1998” for “5th day of April, 1996” in both paragraph (a) and the definition of “qualifying period” in paragraph (c).

(2) Subparagraph (ii) and (iii) of paragraph (b), and paragraph (c) (ii), of subsection (1) shall apply and have effect as respects expenditure incurred on or after the 12th day of April, 1995.