(1) Section 664 of the Principal Act is amended -
(a) in subsection (1)(a) in the definition of "the specified amount" -
(i) in subparagraph (ii)(V)(B) by deleting "or" where it last occurs, and
(ii) by substituting the following for subparagraph (ii)(VI):
"(VI) in the period beginning on 1 January 2004 and ending on 31 December 2005 -
(A) €10,000, in a case where the qualifying lease or qualifying leases is or are for a definite term of 7 years or more, and
(B) €7,500, in any other case,
or
(VII) on or after 1 January 2006 -
(A) €15,000, in a case where the qualifying lease or qualifying leases is or are for a definite term of 7 years or more, and
(B) €12,000, in any other case,",
(b) in subsection (1)(b) by substituting the following for subparagraph (iv):
"(iv) from a qualifying lease or qualifying leases made in the period beginning on 1 January 2004, and ending on 31 December 2005, and from a qualifying lease made before 1 January 2004, the specified amount shall not excee
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