Finance Act, 1999

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Capital allowances for private convalescent homes.

48.—Part 9 (as amended by the Finance Act, 1998 ) of the Principal Act is hereby amended—

(a) in section 268—

(i) in subsection (1)—

(I) in paragraph (g), by the substitution of “section 4 of that Act,” for “section 4 of that Act, or”,

(II) in paragraph (h), by the substitution of “paragraph (f) relates, or” for “paragraph (f) relates,” and

(III) by the insertion after paragraph (h) of the following paragraph:

“(i) for the purposes of a trade which consists of the operation or management of a convalescent home for the provision of medical and nursing care for persons recovering from treatment in a hospital, being a hospital that provides treatment for acutely ill patients, and in respect of which convalescent home the health board, in whose functional area the convalescent home is situated, gives a certificate in writing to the person operating or managing the convalescent home stating that it is satisfied that the convalescent home meets the requirements and standards set out in the guidelines in relation to the operation and management of convalescent homes issued by the Minister for Health and Children with the consent of the Minister for Finance,”,

and

(ii) in subsection (9)—

(I) in paragraph (d), by the deletion of “and”,

(II) in paragraph (e), by the substitution of the following for subparagraph (ii):

“(ii) by any other person on or after the date of the passing of the Finance Act, 1998 ,

and”,

and

(III) by the insertion after paragraph (e) of the following paragraph:

“(f) by reference to paragraph (i), as respects capital expenditure incurred on or after the 2nd day of December, 1998.”,

(b) in section 272—

(i) in subsection (3), by the substitution of the following for paragraph (f):

“(f) in relation to a building or structure which is to be regarded as an industrial building or structure within the meaning of paragraph (g) or (i) of section 268(1), 15 per cent of the expenditure referred to in subsection (2)(c), and”,

and

(ii) in subsection (4), by the substitution of the following for paragraph (f):

“(f) in relation to a building or structure which is to be regarded as an industrial building or structure within the meaning of paragraph (g) or (i) of section 268(1), 7 years beginning with the time when the building or structure was first used, and”,

and

(c) in section 274(1)(b), by the substitution of the following for subparagraph (ii):

“(ii) in relation to a building or structure which is to be regarded as an industrial building or structure within the meaning of paragraph (c), (e), (g) or (i) of section 268(1), 10 years after the building or structure was first used,”.