Finance Act, 1989
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Amendment of section 25 (increase of writing-down allowances for certain industrial buildings) of Finance Act, 1978. |
16.— Section 25 of the Finance Act, 1978 , is hereby amended by the addition after subsection (2) of the following subsection: | |
“(3) Where for any chargeable period an allowance under section 264 of the Income Tax Act, 1967 , in respect of qualifying expenditure is increased under this section, no allowance under Chapter II of Part XV of the said Act shall be made in respect of that qualifying expenditure for that or any subsequent chargeable period.”. |