Singapore legislation
Clause 6
Clause 6
Amendment of section 16
Section 16 of the principal Act is amended by inserting, immediately after subsection (3A), the following subsection: —“(3B) For the purposes of application to any industrial building or structure occupied for the purposes of a hotel on the island of Sentosa and approved by the Minister under subsection (1) of section 18 —
the reference to twenty-five per cent in subsection (1) shall be read as a reference to twenty per cent;
the reference to three per cent in subsections (2) and (3) and in the sixteenth line of subsection (5) of section 18 shall be read as a reference to two per cent; and
the reference to capital expenditure in subsections (1) and (2) shall not include any capital expenditure incurred before 1st January, 1982.”.