s 13 Amendment of Schedule 3
Schedule 3 to the principal Act is amended— (a) by inserting after paragraph 16 the following paragraph: “16A. Subject to this Schedule, where a person has incurred qualifying building expenditure on the construction of a building to which paragraph 67B applies and at the end of the basis period for a year of assessment the building was on lease to the Government, there shall be made to him in relation to the income from that lease for that year an allowance equal to threefiftieths or such other fraction as may be prescribed of that expenditure.”; (b) in subparagraph 65(3), by substituting for the word “A” the words “Subject to paragraph 67B , a”; and (c) by inserting after paragraph 67A the following paragraph: “67B. (1) A building constructed by a person pursuant to an agreement entered into between that person and the Government on a build-lease-transfer basis shall, subject to the approval of the Minister, be treated as an industrial building for the purposes of this Schedule. (2) Where subparagraph (1) applies— (a) the balance of residual expenditure under paragraph 68 of this Schedule shall be reduced by the amount of any compensation received; and (b) the disposal value of the asset shall be taken to be zero when the agreement expires or is terminated.”.