Finance Act, 1984
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Application of section 23 (deduction for certain expenditure on construction of rented residential accommodation) of Finance Act, 1981. |
37.—As respects any claim made after the passing of this Act under subsection (2) of section 23 of the Finance Act, 1981 , in relation to expenditure incurred on the construction of a qualifying premises, the definition in subsection (1) (a) of that section of “qualifying premises” shall have effect as if the following paragraph were substituted for paragraph (iii): | |
“(iii) in respect of which, if it is not a new house (within the meaning of section 4 of the Housing (Miscellaneous Provisions) Act, 1979 ) provided for sale, there is in force a certificate of reasonable cost the amount specified in which in respect of the cost of construction of the house to which the certificate relates is not less than the expenditure actually incurred on such construction, and”. |