Clause 21

by inserting, immediately after the words “this section” in the 1st line of subsection (5), the words “but subject to subsection (6A)”; and

by inserting, immediately after subsection (6), the following subsection:“(6A) Unless otherwise provided in this Act or the Economic Expansion Incentives (Relief from Income Tax) Act (Cap. 86), where, in the basis period for any year of assessment, the trade, profession or business, for which purpose the machinery or plant is provided, 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.”.