C1Part I Industrial Buildings and Structures
Chapter II Writing-down Allowances, Balancing Allowances and Balancing Charges
6 Buildings and structures (including hotels) in enterprise zones.
1
This Chapter and Chapter III—
a
shall apply with the modifications specified below in relation to capital expenditure on the construction of an industrial building or structure; and
b
shall, as so modified, apply also in relation to capital expenditure on the construction of a qualifying hotel or of a commercial building or structure as if it were an industrial building or structure,
in any case where the expenditure is incurred, or is incurred under a contract entered into, at a time when the site of the industrial building or structure, the qualifying hotel or the commercial building or structure is in an enterprise zone, being a time not more than 10 years after the site was first included in the zone.
2
Section 3(2) shall have effect with the substitution for the references to one-twentyfifth of references to one-quarter.
3
Section 7 shall not apply to expenditure to which this Chapter applies by virtue of this section.
4
For the purposes of sections 3(1)(b), 4(1) F34A(1), 8(3), (4) and (7) and 15(1) and (2) a building or structure of any description (including a qualifying hotel) in relation to which this Chapter has effect in accordance with subsection (1) above shall be regarded as continuing to be, or to be used as, a building or structure of that description notwithstanding that it has become a building or structure of another such description.
F14A
This section shall have effect subject to section 17A.
F25
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Pt. 1 modified (3.5.1994) by Finance Act 1994 (c. 9), Sch. 24 para. 22(2)