Finance Act 1965

25 In relation to the following enactments, that is to say.—

(a) section 25 of the [1953 c. 34.] Finance Act 1953 (postponement of capital allowances to secure double taxation relief);

(b) section 16 of the [1954 c. 44.] Finance Act 1954 and Schedule 2 to that Act (investment allowances);

(c) section 16 of the [1956 c. 54.] Finance Act 1956 (expenditure on cutting, tunnelling etc.);

(d) section 42(2) of the [1962 c. 46.] Transport Act 1962 (adjustment of Railways Board's capital allowances in connection with the Board's suspended debt);

paragraph 2 of this Schedule shall apply as if those enactments were included in Part X of the [1952 c. 10.] Income Tax Act 1952 ; and in section 25(1) of the Finance Act 1953 for the words " income tax " there shall be substituted the word " tax ".