Finance Act, 1922

Part V.

Miscellaneous And General.

Temporary continuance of exemption from corporations profits tax of profits of public utility companies, and building societies.

42. The exemption from corporation profits tax given by the proviso to subsection (2) of section fifty-two of the Finance Act, 1920 , shall be continued from the thirty-first day of December, nineteen hundred and twenty-two, until the thirty-first day of December, nineteen hundred and twenty-five, and in section fifty-eight of the Finance Act, 1921 , for the words “the thirty-first day of December, ”nineteen hundred and twenty-two“ there shall be substituted the words ”the thirty -first day of December, “ nineteen hundred and twenty-five.”