Earlier expenditure

Capital expenditure incurred after the 31st day of December, 1946, in expanding an enterprise established before that date shall, subject to the provisions of these Rules, qualify for the deductions for which provision is made herein. SCHEDULE Income and Business Tax 11 (Rules 2 & 3) PART I Agriculture Cattle-raising and dairy-farming Fisheries Forestry Industrial undertakings PART II Mining PART III Residential or recreational facilities for travellers or tourists. A housing scheme approved as such by the Minister. An industry or undertaking approved by the Minister as being (a) to the benefit of Belize or (b) for the welfare of the public or a particular section thereof.