Clause 15

by inserting, immediately after the words “subsection (5)” in subsection (6), the words “but subject to subsection (7)”; and

by inserting, immediately after subsection (6), the following subsection:“(7) Unless otherwise provided in this Act or the Economic Expansion Incentives (Relief from Income Tax) Act, where, in the basis period for any year of assessment, the trade, for which purpose the industrial building is used, produces income that is exempt from tax as well as income chargeable with tax, and any balancing allowance or balancing charge arises to be made —

the balancing allowance shall be made against each income for that year of assessment in such proportion as appears reasonable to the Comptroller in the circumstances; and

such proportion of the balancing charge shall be exempt from tax as appears reasonable to the Comptroller in the circumstances.”.