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Amendment of section 285D of Principal Act (acceleration of wear and tear allowances for farm safety equipment)
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23. Section 285D of the Principal Act is amended—
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(a) in subsection (1) by the insertion of the following definition after the definition of “SME”:
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“ ‘tax reference number’ has the same meaning as it has in section 891B(1);”,
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(b) in subsection (3)—
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(i) in paragraph (b), by the substitution of “applicant;” for “applicant; and”, and
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(ii) by the insertion of the following paragraph after paragraph (b):
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“(ba) the tax reference number of the applicant;”,
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(c) in subsection (6)—
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(i) in paragraph (c), by the substitution of “issued;” for “issued; and”, and
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(ii) by the insertion of the following paragraph after paragraph (c):
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“(ca) the tax reference number of the applicant;”,
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(d) in subsection (7), by the substitution of “qualifying certificates issued under subsection (4) and all qualifying certificates deemed to be cancelled under subsection (13A)” for “qualifying certificates issued”,
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(e) by the insertion of the following subsection after subsection (13):
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“(13A) Where two or more certificates stand issued under subsection (4) to a person in respect of an item of qualifying equipment then—
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(a) only the certificate issued in respect of the first application made by the person under subsection (2) in respect of the item of qualifying equipment shall be treated as a qualifying certificate for the purposes of subsection (14), and
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(b) any other certificate standing issued under subsection (4) to that person in respect of that item of qualifying equipment is deemed to be cancelled in so far as it relates to that item of qualifying equipment and shall not be treated as a qualifying certificate for the purposes of subsection (14).”,
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(f) in subsection (14), by the substitution of “Subject to subsections (13A), (15) and (16)” for “Subject to subsections (15) and (16)”, and
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(g) in subsection (17), by the substitution of “relief granted under this section” for “relief granted”.
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