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SCHEDULES.

SCHEDULE 14Adaptation of System of Capital Allowances.

PART IIIndustrial Buildings : Dredging.

Industrial buildings.

8In section 271 of the Income Tax Act 1952 (which defines an industrial building or structure) there shall be added at the end as a new subsection (6):—

(6)For purposes of this Chapter references to use as an industrial building or structure do not apply, in the case of a building or structure outside the United Kingdom, to use for the purposes of a trade at a time when the profits or gains of the trade are not assessable in accordance with the rules applicable to Case I of Schedule D.