Clause 20

by inserting, immediately after the word “structure” in the 5th line of subsection (1), the words “or after it has ceased to be one”; and

by inserting, immediately after subsection (1A), the following subsection:“(1B) No balancing allowance shall be made to any person —

on the sale of the relevant interest in the building or structure unless the person proves to the satisfaction of the Comptroller that the value of the building or structure to the person is less than the capital expenditure incurred in the construction of the building or structure reduced by the amount of any initial and annual allowances made (including an amount of 3% of the capital expenditure for each year in which no initial or annual allowance was made); and

where the relevant interest in the building or structure is not sold but the building or structure is or would be redeveloped for any use other than as an industrial building or structure.”.