34. Amendment of section 486C (relief from tax for certain start-up companies) of Principal Act.
(1) Section 486C of the Principal Act is amended -
(a) in subsection (2)(a) by substituting "at any time" for "in at any time",
(b) by substituting the following for subsection (3):
"(3) Where a company carries on a qualifying trade in an accounting period falling partly within the relevant period in relation to that qualifying trade, then, for the purposes of this section, the income from the qualifying trade for that accounting period shall be the amount of the income of the qualifying trade for that part of the accounting period and that part of the accounting period shall be treated as a separate accounting period.",
(c) in subsection (4)(a) by deleting "wholly or partly",
(d) in subsection (4)(b) by deleting "wholly or partly",
(e) in subsection (4)(c) by substituting "For the purposes of this subsection and subsection (4A)" for "For the purposes of this subsection",
(f) in subsection (4)(d) by substituting "For the purposes of this subsection and subsection (4A)" for "For the purposes of this subsection",