s 44 Investment allowance
44.—(1) The investment allowance granted under section 43 must be a specified percentage, not exceeding 100% of the amount (which may be subject to a specified maximum) of the fixed capital expenditure incurred on each item specified by the Minister under subsection (2) on an approved project if the fixed capital expenditure is incurred —(a) within such period as the Minister may determine (called in this Part the qualifying period), being a period commencing from the investment day and —(i) not exceeding 5 years; or (ii) not exceeding 8 years where the specified item is acquired under a hire‑purchase agreement made on or after 15 February 2007; and (b) in the case of a project under section 43(1)(g), within such period (hereinafter called the qualifying period), not exceeding 10 years, commencing from the investment day as the Minister may determine.[33/2010] (2) The Minister —(a) must specify the items of the fixed capital expenditure for the purposes of subsection (1); and (b) may specify the maximum amount of the investment allowance granted for the approved project. (3) Where any question arises as to whether a particular item qualifies as one of the items under subsection (2)(a), it is to be determined by the Minister whose decision is final. (4) In subsection (1), “specified” means specified by the Minister.[68