(1)In section 401(1) of the Taxes Act 1988 (which gives relief forexpenditure incurred by a person within three years before he begins to carryon a trade, profession or vocation), for the word “three” there shall besubstituted the word “five”.
(2)This section shall have effect where the time when the person begins tocarry on the trade, profession or vocation falls after the end of March 1989.