Taxes Consolidation Act 1997 section 339

Interpretation (Chapter 3)

Section 339 is the interpretation section for Part 10 Chapter 3 dealing with tax reliefs in designated urban areas and enterprise areas, defining the key terms used throughout the chapter and setting out the qualifying periods during which expenditure must be incurred in order to attract relief.

• Defines designated area, designated street and enterprise area by reference to ministerial orders made under section 340 and to Schedule 7.
• The general qualifying period runs from 1 August 1994 to 31 July 1997, with section 344 (multi-storey car parks) having its own separate period.
• Enterprise areas described in Schedule 7 (Cherry Orchard/Gallenstown, Finglas and Rosslare Harbour) have a separate qualifying period from 1 July 1997 to 30 June 2000.
• The qualifying period may be extended in certain cases where the relevant local authority certifies that prescribed proportions of project cost had been incurred by specified dates.