s 19 Hotel building deemed to be industrial building
(1) Where a company has incurred capital expenditure on a hotel building of the approved standard in Malaysia or incurred capital expenditure in extending or modernizing an existing hotel building to the approved standard in Malaysia, and a hotel business is carried on in that building by a pioneer company, such hotel building or such extended or modernized part thereof, as the case may be shall notwithstanding subparagraph 65(3) of Schedule 3 to the principal Act be deemed to be an industrial building for the purpose of that Schedule: Provided that where the defined authority is not satisfied that the hotel building, including any extended or modernized part thereof, is maintained to the approved standard in a basis period for a year of assessment, that building or the extended or modernized part thereof shall cease to be an industrial building for that year of assessment and subsequent years of assessment. (2) Where subsection (1) applies, in ascertaining the residual expenditure under paragraph 68 of that Schedule in relation to any asset at any date after the commencement of the basis period for the year of assessment 1987 regard shall be had to any annual allowance in relation to that asset for any year of assessment as if that asset had been an industrial building.