Finance Act, 1999
Amendment of Chapter 8 (qualifying rural areas) of Part 10 of Principal Act. |
47.—(1) Chapter 8 of Part 10 of the Principal Act is hereby amended— | |||
(a) in section 372L— | ||||
(i) in the definition of “qualifying period” (inserted by the Finance (No. 2) Act, 1998 ), by the substitution of the following for paragraph (b): | ||||
“(b) for the purposes of sections 372P, 372Q, 372R and (in so far as it relates to those sections) section 372S, the period commencing on the 1st day of June, 1998, and ending on the 31st day of December, 2001, and | ||||
(c) for the purposes of section 372RA and (in so far as it relates to that section) section 372S, the period commencing on the 6th day of April, 1999, and ending on the 31st day of December, 2001;”, and | ||||
(ii) in the definition of “refurbishment”, by the substitution of “sections 372R and 372RA” for “section 372R”, | ||||
(b) in section 372M(1), by the substitution of “paragraph (a) or (b) of section 268(1)” for “section 268(1)(a)”, | ||||
(c) in section 372(1)— | ||||
(i) in the definition of “qualifying lease”, by the substitution of “3 months” for “12 months”, and | ||||
(ii) in the definition of “qualifying premises”, by the substitution of “140 square metres” for “125 square metres”, | ||||
(d) in section 372Q(1)— | ||||
(i) in the definition of “qualifying lease”, by the substitution of “3 months” for “12 months”, and | ||||
(ii) in the definition of “qualifying premises”, by the substitution of “150 square metres” for “125 square metres”, | ||||
(e) in section 372R(1)— | ||||
(i) in the definition of “qualifying lease”, by the substitution of “3 months” for “12 months”, and | ||||
(ii) in the definition of “qualifying premises”, by the substitution of “150 square metres” for “125 square metres”, | ||||
(f) by the insertion of the following section after section 372R: | ||||
| ||||
and | ||||
(g) (i) in section 372S(1)— | ||||
(I) by the substitution of “In sections 372P to 372RA” for “In sections 372P to 372R”, and | ||||
(II) in the definition of “certificate of reasonable cost”, by the substitution of “372Q, 372R or 372RA” for “372Q or 372R”, | ||||
(ii) in section 372S(4)(a), by the insertion after “section 372P” of “or, in so far as it applies to expenditure other than expenditure on refurbishment, section 372RA”, | ||||
(iii) in section 372S(4)(b), by the insertion after “section 372Q or 372R” of “or, in so far as it applies to expenditure on refurbishment, section 372RA”, | ||||
(iv) by the substitution of the following for subsection (5): | ||||
“(5) A house shall not be a qualifying premises— | ||||
(a) for the purposes of section 372P, 372Q, 372R or 372RA, unless persons authorised in writing by the Minister for the Environment and Local Government for the purposes of those sections are premitted to inspect the house at all reasonable times on production, if so requested by a person affected, of their authorisations, and | ||||
(b) for the purposes of sections 372P, 372Q or 372R, unless, throughout the period of any qualifying lease related to that premises, the house is used as the sole or main residence of the lessee in relation to that qualifying lease.”, | ||||
(v) in section 372S(6)— | ||||
(I) by the substitution of “sections 372P to 372RA” for “sections 372P to 372R”, and | ||||
(II) by the substitution of “refurbishment of, or, as the case may be, construction or refurbishment of,” for “or refurbishment of,”, | ||||
(vi) in section 372S(7)(a)— | ||||
(I) by the substitution of “, 372R(2) or 372RA(2)” for “or 372R(2)”, and | ||||
(II) by the substitution of “refurbishment of, or, as the case may be, construction or refurbishment of,” for “or refurbishment of,” in both places where it occurs, | ||||
(vii) in section 372S(7)(b), by the substitution of “refurbishment of, or, as the case may be, construction or refurbishment of,” for “or refurbishment of,” in both places where it occurs, | ||||
(viii) in section 372S(8), by the insertion of the following paragraph after paragraph (b): | ||||
“(c) For the purposes of section 372RA other than the purposes mentioned in subsection (7)(a), expenditure incurred on the construction or refurbishment of a qualifying premises shall be deemed to have been incurred on the earliest date after the expenditure was actually incurred on which the premises is in use as a dwelling.”, and | ||||
(ix) in section 372S(11), by the substitution of “, 372R or 372RA” for “or 372R”. | ||||
(2) The Principal Act is hereby amended— | ||||
(a) in section 458 by the insertion in Part 1 of the Table to that section after “Section 371” of “Section 372I Section 372RA”, | ||||
and | ||||
(b) by the substitution in section 1024(2)(a)(i) of “364, 371, 372I and 372RA” for “364 and 371”. |