CUID III.

CAIN PHROIFIT CHORPARAIDE.

45. —(1) Maidir le gach tréimhse chuntasaíochta do thosnuigh roimh an 1adh lá d'Eanair, 1925, agus do chríochnuigh an lá san no dá éis, déanfar an províso a ghabhann le fo-alt (1) d'alt 52 den Finance Act, 1920, do léiriú, agus beidh éifeacht aige, fé is dá ndintí an mhír seo a leanas do chur ann in ionad na míre (a) atá sa phrovíso san anois, sé sin le rá:—

“(a) in the case of every accounting period beginning before and ending on or after the 1st day of January, 1925, the profits arising in the accounting period shall be apportioned between the part of the period which is before that date and the part of the period which is after the 31st day of December, 1924, in proportion to the respective lengths of those parts, and no tax shall be charged on so much of the profits apportioned to the first-mentioned part of the period as bears to five hundred pounds the same proportion as such firstmentioned part of the period bears to twelve months, and no tax shall be charged on so much of the profits apportioned to the second-mentioned part of the period as bears to one thousand pounds the same proportion as such second-mentioned part of the period bears to twelve months.”

(2) Maidir le gach tréimhse chuntasaíochta do thosnuigh agus do chríochnuigh tar éis an 31adh lá de Mhí na Nodlag, 1924, déanfar mír (a) den phrovíso a ghabhann le fo-alt (1) d'alt 52 den Finance Act, 1920, do léiriú, agus beidh éifeacht aige, fé is dá gcuirtí na focail “one thousand pounds” inti in ionad na bhfocal “five hundred pounds” i ngach áit sa mhír sin ina bhfuil na focail deiridh sin a luadhadh.