|
|
Amendment of section 41 (payment of tax and interest on tax) of Principal Act.
|
118.—(1) Section 41 of the Principal Act is amended in subsection (2A)—
|
|
| |
(a) by substituting in paragraph (b) “subsection (3) or (4) of section 55” for “section 55(4)”,
|
|
| |
(b) by substituting in paragraph (d) “to apply,” for “to apply.”, and
|
|
| |
(c) by inserting the following after paragraph (d):
|
|
| |
“(e) to the extent to which subsection (5) or (6) of section 59C applies, for the duration of the period from the valuation date to the date the exemption ceases to apply.”.
|
|
| |
(2) (a) Paragraph (a) of subsection (1) applies where the event which causes the exemption to cease to be applicable occurs on or after 11 February 1999.
|
|
| |
(b) Paragraph (c) of subsection (1) applies where the event which causes the exemption to cease to be applicable occurs on or after 1 December 1999.
|
