SCHEDULES
SCHEDULE 3Taxation provisions
Part IICapital allowances
Industrial buildings and structures
15
The Secretary of State may, for the purposes of section 3 of the [1990 c. 1.] Capital Allowances Act 1990 (writing-down allowances in respect of expenditure on industrial buildings and structures) by order make provision specifying—
a
the amount to be taken for the purposes of subsection (3) of that section as the residue, on the date on which a transfer scheme comes into force, of any expenditure in relation to which any property vested in a successor company in accordance with that transfer scheme is a relevant interest for the purposes of that section, and
b
the part of the period mentioned in subsection (3) of that section which is to be treated, in relation to any such property, as unexpired on that date.