Finance Act, 1985
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Extension of application of relief for conversion of certain buildings. |
22.—(1) Section 24 of the Finance Act, 1981 , and section 30 of the Finance Act, 1983 , shall apply with any necessary modifications to expenditure incurred in the period commencing on the 1st day of April, 1985, and ending on the 31st day of March, 1987, on the conversion into a house of a building not previously in use as a dwelling as they apply to expenditure incurred on the conversion into two or more houses of a building which, prior to the conversion, had not been in use as a dwelling or had been in use as a single dwelling. | |
(2) For the purposes of section 24 of the Finance Act, 1981 , and section 30 of the Finance Act, 1983 , or, as the case may be, of those sections as applied by subsection (1), expenditure incurred on the conversion of a building shall be deemed to include expenditure incurred in the period commencing on the 1st day of April, 1985, and ending on the 31st day of March, 1987, in the course of the conversion, on either or both of the following, that is to say: | ||
(a) the carrying out of any works of construction, reconstruction, repair or renewal, and | ||
(b) the provision or improvement of water, sewerage or heating facilities, | ||
in relation to the building or any outoffice appurtenant thereto or usually enjoyed therewith, but shall not be deemed to include— | ||
(i) any expenditure in respect of which any person is otherwise entitled to a deduction, relief or allowance under any provision of the Tax Acts, or | ||
(ii) any expenditure attributable to any part (hereafter in this section referred to as a “non-residential unit”) of the building which, upon completion of the conversion, is not a house. | ||
(3) For the purposes of paragraph (ii) of subsection (2), where expenditure is attributable to a building in general (and not directly to any particular house or non-residential unit comprised in the building upon completion of the conversion) such an amount of that expenditure shall be deemed to be attributable to a non-residential unit as bears to the whole of that expenditure the same proportion as the total floor area of the non-residential unit bears to the total floor area of the building. | ||
(4) For the purposes of the application, by virtue of this section, of relief under section 23 of the Finance Act, 1981 , to any expenditure, that section shall have effect as if the following definition were substituted for the definition of “qualifying period”: | ||
“‘qualifying period’ means the period commencing on the 1st day of April, 1985, and ending on the 31st day of March, 1987;”. | ||
(5) For the purposes of this section, expenditure shall not be regarded as incurred by a person in so far as it has been or is to be met directly or indirectly by the State, by any board established by statute or by any public or local authority. |