Section 64: Expenditure incurred on deep ocean water air
This section is inserted by Finance Act 2017, section 26.
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
64. Expenditure incurred on deep ocean water air
conditioning
(1) Where, in an income year, a company incurs
expenditure on deep ocean water air conditioning, it may
deduct, from its gross income, twice the amount of such
expenditure incurred in that income year.
210 Acts 2017
(2) The deduction under subsection (1) shall be
allowed for 5 consecutive income years starting as from the
year in which the expenditure is incurred.