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Amendment of section 482 (relief for expenditure on significant buildings and gardens) of Principal Act.
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49.—With effect from the passing of this Act, section 482 of the Principal Act is amended—
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(a) in subsection (1)(a), by the substitution of “1957;” for “1957.” in the definition of “tourist accommodation facility” and the insertion of the following after that definition:
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“ ‘weekend day’ means a Saturday or a Sunday.”,
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(b) in subsection (5)(b), by the substitution of the following for subparagraph (ii):
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“(ii) subject to temporary closure necessary for the purposes of the repair, maintenance or restoration of the building, access is so afforded for a period of not less than 60 days in any year, and—
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(I) such period shall include, as respects determinations made by the Revenue Commissioners in accordance with paragraph (a)(ii)—
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(A) before the passing of the Finance Act, 2000, not less than 40 days, and
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(B) on or after the passing of the Finance Act, 2000, not less than 40 days, of which not less than 10 are weekend days,
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during the period commencing on 1 May and ending on 30 September, and
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(II) in respect of each such period, on each day concerned access is afforded in a reasonable manner and at reasonable times for a period, or periods in the aggregate, of not less than 4 hours, and”,
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and
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(c) by the substitution of the following for subsection (8):
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“(8) Notwithstanding that the Revenue Commissioners have before the passing of the Finance Act, 2000, made a determination in accordance with subsection (5)(a)(ii) that a building is a building to which reasonable access is afforded to the public, relief under subsection (2), in relation to qualifying expenditure incurred in a chargeable period beginning on or after 1 January 1995, in respect of the building shall not be given unless the person who owns or occupies the building satisfies the Revenue Commissioners on or before 1 January in the chargeable period that it is a building to which reasonable access is afforded to the public having regard to—
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(a) in a case where the qualifying expenditure is incurred in a chargeable period beginning before 1 October 2000, subsection (5)(b)(ii) (I)(A), and
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(b) in a case where the qualifying expenditure is incurred in a chargeable period beginning on or after 1 October 2000, subsection (5)(b)(ii) (I)(B).”.
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