1. Irish Tax Law
  2. Legislation (IE)
  3. Acts
  4. 1992
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  1. Finance Act, 1992 (No. 9)
  2. Part I Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-88)
  3. Chapter II Income Tax, Corporation Tax and Capital Gains Tax (ss. 16-39)
  4. 20. Amendment of section 28 (farming: provision relating to relief in respect of increase in stock values) of Finance Act, 1980.
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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 6 April 1997 - onwards
  Version 2 of 2    

20. Amendment of section 28 (farming: provision relating to relief in respect of increase in stock values) of Finance Act, 1980.

Repealed from 6 April 1997

As respects disposals made on or after the 6th day of April, 1992, section 28 of the Finance Act, 1980, is hereby amended in paragraph (b) of subsection (3) -

(a) by the substitution in subparagraph (ii) of the following clause for clause (II) (inserted by the Finance Act, 1991):

"(II) the value of the said trading stock at the beginning of the first succeeding accounting period, or, where the farmer so elects, at the beginning of either the first and second, or the first and second and third succeeding accounting periods,",

and

(b) by the substitution of the following paragraph for paragraph (A) (inserted by the Finance Act, 1990) of the proviso:

"(A) no deduction shall be allowed by virtue of section 12 of the Finance Act, 1976, for any accounting period or periods for which a farmer has elected under the provisions of this subsection,".

Comparing proposed amendment...
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