Schedules

Schedule 3U.K. Transitionals and savings

Part 5U.K. Industrial buildings allowances

Writing off qualifying expenditureU.K.

Writing off qualifying expenditure when building not an industrial buildingU.K.

72For the purposes of section 336 a building is not treated as having been an industrial building—

(a)under item 5(b) or (c) or 6 of Table A in section 274 (working foreign plantations or fishing) for any tax year before 1953-54, or

(b)under item 7 of Table B in section 274 (tunnel undertakings) for any tax year before 1952-53.

Crown or other person not within the charge to tax entitled to the relevant interestU.K.

73Section 339 does not apply by virtue of subsection (1)(b) if the interest was sold before 29th July 1988.