Clause 13

by inserting, immediately after the words “capital expenditure incurred” in subsection (4), the words “before 1st January 2006”;

by deleting the words “that expenditure” in subsection (4) and substituting the words “the total capital expenditure incurred by that person on the construction of that building or structure”;

by inserting, immediately after the words “this Act” in the 2nd line of subsection (5), the words “and before 1st January 2006”;

by deleting the words “any expenditure” in the 3rd line of subsection (5) and substituting the words “any capital expenditure incurred before that date on the construction of that building or structure”;

by deleting the word “No” in subsection (6) and substituting the words “In the case referred to in subsection (4), no”;

by inserting, immediately after subsection (6), the following subsections:“(6A) Where any person is, at the end of the basis period for any year of assessment, entitled to an interest in a building or structure which is an industrial building or structure, and that interest is the relevant interest in relation to —

any capital expenditure incurred by him on or after 1st January 2006 on the construction of that building or structure; or

a sale or purchase agreement entered into for that building or structure on or after that date, whether or not the building or structure was previously used as an industrial building or structure,an annual allowance determined under subsection (6B) shall be made to him for that year of assessment.(6B) The annual allowance under subsection (6A) shall be equal to —

in the case referred to in subsection (6A)(a), 3% of the total capital expenditure incurred by the person on the construction of the building or structure; or

in the case referred to in subsection (6A)(b), 3% of the capital expenditure incurred by the person on the purchase of the building or structure.”;

by deleting the words “and (5)” in subsections (7), (8)(b) and (9)(b) and substituting in each case the words “, (5) and (6B)”;

by inserting, immediately after the words “capital expenditure” in subsection (12), the words “before 1st January 2006”; and

by inserting, immediately after subsection (12), the following subsection:“(12A) For the purposes of subsection (1), where a person has incurred capital expenditure on or after 1st January 2006 on the purchase of an industrial building or structure which has not previously been used by any person, he shall be deemed to have incurred expenditure on the construction of that industrial building or structure equal to the capital expenditure incurred by him on the purchase of that industrial building or structure if —

the person claiming the initial allowance by virtue of this subsection purchased the industrial building or structure from the person who constructed that building or structure; and

no initial allowance has been granted under subsection (1) in respect of that industrial building or structure to the person who constructed that building or structure.”.