Article 2 Writing-down allowances - industrial buildings and structures

The amount specified in column (2) of Schedule 1 to this Order shall be taken, for the purposes of subsection (3) of section 3 of the 1990 Act (writing-down allowances in respect of expenditure on industrial buildings and structures), as the residue on the Transfer Date of expenditure in relation to which the property vested in the Company in accordance with the Transfer Scheme and described in column (1) of Schedule 1 to this Order is the relevant interest for the purposes of that section.

The period specified in column (3) of Schedule 1 to this Order shall be treated, for the purposes of subsection (3) of section 3 of the 1990 Act, and in relation to the property vested and described as mentioned in paragraph (1), as the part of the period of 25 years which is unexpired on the Transfer Date.