114Relief for pre-trading expenditure
(1)In section 401(1) of the Taxes Act 1988 (which gives relief for expenditure incurred by a person within three years before he begins to carry on a trade, profession or vocation), for the word “three” there shall be substituted the word “five”.
(2)This section shall have effect where the time when the person begins to carry on the trade, profession or vocation falls after the end of March 1989.