Finance Act, 2002

Amendment of section 600A (replacement of qualifying premises) of Principal Act.

60.—Section 600A of the Principal Act is amended in subsection (1)—

(a) in the definition of “qualifying premises” by substituting the following for paragraph (a):

“(a) in which there is one or more residential units,”,

and

(b) in the definition of “replacement premises” by substituting the following for paragraph (b):

“(b) in which the number of residential units is—

(i) not less than 3, and

(ii) not less than the number of residential units in the qualifying premises,”.