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Amendment of section 88 (deduction for gifts to Enterprise Trust Ltd.) of Principal Act.
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75.—Section 88 of the Principal Act is hereby amended—
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(a) by the substitution for subsection (1) of the following subsection:
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“(1) In this section,‘the company’ means the company incorporated on the 30th day of October, 1991, as The Enterprise Trust Limited or such successor body of The Enterprise Trust Limited as may be approved for the purposes of this section by the Minister for Finance.”,
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(b) in subsection (2)(a), by the substitution for “31st day of December, 1999” of “31st day of December, 2002”,
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(c) in subsection (3)(b), by the substitution for subparagraph (iii) of the following subparagraph:
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“(ii) in respect of a gift made at any time in the year ending on the 31st day of December in the year 1999, 2000, 2001 or 2002, if at that time the aggregate of the net amounts of all gifts to which this section applies made to the company within that year exceeds £5,000,000.”,
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and
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(d) in subsection (6), by the substitution for “the amounts specified in subparagraphs (i) and (ii)” of “the amount specified in subparagraph (i)”.
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