(1) In this section "the principal sections" has the same meaning as it has in section 5 of the Finance Act, 1993, that is to say, sections 76(1) and 496 of, and paragraph 1(2) of Part III of Schedule 6 to, the Income Tax Act, 1967.
(2) As respects the year of assessment 1994-95 and subsequent years of assessment, section 5 of the Finance Act, 1993, is hereby amended -
(a) by the substitution in subsection (4) of "year of assessment 1994-95" for "year of assessment 1993-94" and of "five years" for "three years", and
(b) by the addition of the following proviso to subsection (5):
(a) this subsection shall not apply or have effect for the first five years of assessment for which relief falls to be given under the principal sections in respect of one or more than one qualifying loan (within the meaning of section 21 of the Finance Act, 1982), and
(b) for the purposes of calculating the additional relief, if any, which but for the enactment of paragraph (a) would not