Taxation Laws Amendment Act (No. 3) 1992 (98 of 1992)

Part 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 11   Amendments relating to development allowance

63   Property to which Subdivision applies

Section 82AA of the Principal Act is amended:

(a) by omitting from paragraph (1)(b) "1 January 1976" and substituting "27 February 1992";
          

(b) by omitting subsections (2), (3) and (4) and substituting the following subsection:
          

"(2) Sub-subparagraphs (1)(a)(ii)(A) and (C) do not applyif the taxpayer leases the property, or grants rights touse the property, in the taxpayer's capacity as an eligible entertainment/tourism operator.".