(1) Section 664 of the Principal Act is amended -
(a) in subsection (1) (a) -
(i) in paragraph (i) of the definition of "qualifying lessor" by substituting "40 years" for "55 years",
(ii) in the definition of "the specified amount" by substituting -
(I) in paragraph (ii) (IV) (B) "in any other case," for "in any other case, or", and
(II) the following for paragraph (ii) (V):
"(V) in the period beginning on 23 January 1996, and ending on 31 December 2003 -
(A) €7,618.43, in a case where the qualifying lease or qualifying leases is or are for a definite term of 7 years or more, and
(B) €5,078.95, in any other case,
or
(VI) on or after 1 January 2004 -
(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,",
and
(b) in subsection (1) (b) by substituting the following for subparagraph (iii):
"(iii) from a qualifying lease or qualifying leases made in the period beginning on 23 Jan
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