|
|
|
Amendment of section 560 of Principal Act (wasting assets)
|
| |
47. (1) Section 560 of the Principal Act is amended in subsection (1) —
|
|
| |
(a) in the definition of “wasting asset”—
|
|
| |
(i) in paragraph (c) by inserting “(other than plant that is a work of art)” after “plant”, and
|
|
| |
(ii) in paragraph (d) by substituting “Commissioners;” for “Commissioners.”,
|
|
| |
and
|
|
| |
(b) by inserting the following definition after the definition of “wasting asset”:
|
|
| |
“‘work of art’ includes a picture, print, book, manuscript, sculpture, piece of jewellery, furniture or similar object;”.
|
|
| |
(2) This section applies to disposals made on or after the date of the passing of this Act.
|
