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Amendment of section 16 (duty to keep records) of Principal Act.
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100.— Section 16 of the Principal Act is amended—
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(a) in subsection (1) by inserting “and entitlement to deductibility” after “tax”, and
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(b) by inserting the following after subsection (4):
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“(5) The requirement to keep records in accordance with this section shall apply to records relating to—
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(a) exercising and terminating a landlord’s option to tax,
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(b) a capital good record referred to in section 12E, and
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(c) a joint option for taxation.”.
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