Paragraph 11

In section 30(1) of the Taxes Act 1988 (expenditure on sea walls)—

(a)

for “for the purposes of sections 25, 28 and 31" substitute “ for the purpose of computing the profits of any Schedule A business carried on in relation to those premises ”; and

(b)

for “in respect of dilapidation attributable to the year" substitute “ as an expense of the business for that year ”.

Notes on Part I

Commencement

I1: Sch. 5 Pts. I-III in force and has effect as mentioned in s. 38.