As respects the year of assessment 2009 and subsequent years of assessment, section 244 of the Principal Act is amended -
(a) in subsection (2), by substituting the following for paragraph (a):
"(a) In this subsection 'appropriate percentage', in relation to a year of assessment, means -
(i) where relievable interest is determined by reference to paragraph (i) or (ii) of the definition of 'relievable interest', 15 per cent for that year,
(ii) where relievable interest is determined by reference to paragraph (iii) or (iv) of the definition of 'relievable interest':
(I) 25 per cent for the first and second years of assessment for which there is an entitlement to relief under this section,
(II) 22.5 per cent for the third, fourth and fifth years of assessment for which there is an entitlement to relief under this section, and
(III) a percentage equal to the standard rate of tax for the sixth and seventh years of assessment for which there is an entitlement to relief under this section.",
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