(1) In this section "the company" means the company incorporated on the 30th day of October, 1991, as The Enterprise Trust Limited.
(2) This section applies to a gift of money which -
(a) on or after the 1st day of April, 1992, and before the 31st day of December, 1997, is made to the company and accepted by it,
(b) is to be applied by the company solely for the objects set out in its memorandum of association,
(c) would not, apart from subsection (3), be deductible in computing for the purposes of corporation tax the profits or gains of a trade or profession, and
(d) is not income to which the provisions of section 439 of the Income Tax Act, 1967, apply.
(3) Subject to subsection (2), where a company (hereafter in this subsection referred to as the ‘donor’) makes a gift to which this section applies and claims relief from tax by reference thereto, the net amount thereof shall, for the purposes of corporation tax, be treated as -
(a) a deductible trading expense of a trade ca