Chapter III of Part I of the Finance Act, 1995, is hereby amended by the insertion of the following section after section 49:
"49A. Restriction of capital allowances on holiday cottages, holiday apartments, etc.
(1) This section applies to -
(a) a building or structure to which section 47 applies by virtue of the building or structure being a holiday cottage of the type referred to in the proviso to section 255 (1) of the Income Tax Act, 1967, and
(b) a building or structure which is a qualifying premises within the meaning of section 48 by virtue of the building or structure being -
(i) a holiday apartment registered under Part III of the Tourist Traffic Act, 1939, or
(ii) other self-catering accommodation in a list published under section 9 of the Tourist Traffic Act, 1957.
(a) Subject to subsection (5), a building or structure to which this section applies shall not be a qualifying premises for the purposes of section 49, unless the person to whom an allowance under Chapt