On 26/05/2013,
you requested for the version in force on 26/05/2013
incorporating all amendments published on or before 26/05/2013.
The closest version currently available is that of 31/12/2009.
16. Section 14Q of the principal Act is amended by inserting, immediately after subsection (3), the following subsections:
“(3A) Notwithstanding subsection (3), for the purposes of subsection (1) and subject to subsections (7), (8) and (9), where the renovation or refurbishment expenditure is incurred during the basis period relating to the year of assessment 2010 or 2011, a deduction is allowed for the year of assessment 2010 or 2011, as the case may be, for the full amount of the renovation or refurbishment expenditure so incurred, unless a person elects for the deduction to be allowed in accordance with subsection (3).
(3B) An election made by a person under subsection (3A) shall be irrevocable.”.