21. Scheme to facilitate removal and relocation of certain industrial facilities.
(1) The Principal Act is amended by inserting the following after Part 11C (inserted by the Finance Act 2008):
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Income Tax and Corporation Tax: Reliefs for the Removal and Relocation of Certain Industrial Facilities |
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Interpretation (Part 11D). |
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380Q.— (1) In this Part— |
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‘ dangerous substance ' has the meaning assigned to it by Regulation 3 of the European Communities (Control of Major Accident Hazards Involving Dangerous Substances) Regulations 2000 (S.I. No. 476 of 2000); |
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‘enhancement expenditure', in relation to establishment land, means the amount of any capital expenditure wholly and exclusively incurred on the land for the purpose of enhancing the value of the land, being expenditure reflected in the state or nature of the land at the time of the disposal but does not include expenditure for which relief may be claimed under this Part; |
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‘ establishment ', in relation to a person who carries on a relevant trade, means the whole area under that person's control where dangerous substances are present in one or more installations, including common or related infrastructure or activities; |
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‘ establishment land ', in relation to a relevant trade, means the area of land of the establishment of which the old installation is a unit; |
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‘ local authority ' means— |
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(a) in the case of a city, the city council, and |
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(b) in the case of a county, the county council, |