60. Amendment of section 659 (farming: allowance for capital expenditure on the construction of farm buildings, etc. for control of pollution) of Principal Act.
Section 659 of the Principal Act is amended -
(a) in paragraph (c) of subsection (1) by the substitution of "6 April 2003" for "the 6th day of April, 2000,", and
(i) by the substitution of the following for subsection (2):
(a) Subject to the provisions of Article 6 of Council Regulation (EEC) No. 2328/91 of 15 July 1991 [O.J. No. L218, 6.8.1991, p.1], on improving the efficiency of agricultural structures, as amended, and subject to subsections (3) and (3A), where a person to whom this section applies -
(i) has delivered to the Department of Agriculture, Food and Rural Development a farm nutrient management plan referred to in subsection (1) (b), and
(ii) incurs capital expenditure to which subsection (1) applies,
there shall be made to such person during the writing-down periods, specified in paragraph (b), writing-down allowances (in this section referred to as 'farm pollution control allowances') in respect of that expenditure and such allowances shall be made in taxing the trade.
(b) The writing-down periods referred to in paragraph (a) shall be -
(i) 8 years beginning with the chargeable period related to the capital expenditure, where that expenditure is incurred before 6 April 2000; or