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Amendment of “goods” in Part III of the Act.
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27.—(1) (a) In section 10 of the Act the definition of “goods” shall include goods manufactured within the State which do not come within the definition already contained in the said section 10 and which are exported by the person who in relation to the relevant basis period or the relevant accounting period is the company claiming relief under Part III of the Act, where the selling by such person of the goods so exported is selling by wholesale.
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(b) “Selling by wholesale” in the foregoing paragraph means selling goods of any class to a person who carries on a business of selling goods of that class or who uses goods of that class for the purposes of a trade or undertaking carried on by him.
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(2) In a case in which section 12 of the Act applies and the export out of the State in the relevant basis period consisted of or included goods with respect to which subsection (1) of this section provides for the inclusion thereof in the definition of “goods”, Part III of the Act shall have effect subject to the insertion, in subsections (2) and (4) and in paragraph (b) of subsection (6) of the said section 12, of “and of merchandise (whether exported or not) other than such goods” after “goods (whether exported or not)” wherever the latter words occur.
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(3) In a case in which section 13 of the Act applies and the export out of the State in the relevant accounting period consisted of or included goods with respect to which subsection (1) of this section provides for the inclusion thereof in the definition of “goods”, Part III of the Act shall have effect subject to the insertion, in subsections (2) and (4) and in paragraph (c) of subsection (10) of the said section 13, of “and of merchandise (whether exported or not) other than such goods” after “goods (whether exported or not)” wherever the latter words occur.
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(4) This section shall have effect—
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(a) in relation to income tax, for any year of assessment beginning on or after the 6th day of April, 1960, and
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(b) in relation to corporation profits tax, for any accounting period or part of an accounting period subsequent to the 5th day of April, 1960,
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and, in the case of corporation profits tax, the Revenue Commissioners may, for the purposes of this section, in relation to any such part of an accounting period, make such apportionments as may be appropriate.
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