34. Amendment of Schedule 3

Schedule 3 to the principal Act is amended—

(a)

by inserting after paragraph 38 the following paragraph:

“38a. (1) Paragraphs 39 and 40 shall apply where a company disposes of an asset in respect of industrial building to a unit trust in relation to which an initial or annual allowance has been made or would have been made, if claimed, to the company.

(2)

For the purpose of this paragraph, “unit trust” has the same meaning assigned to it under section 61a.”; and

(b)

in paragraph 40 by inserting after the word “38,” the word “38a,”.

Finance 41

Report

Read on from s 35

Part II

Saving and Transitional Provisions

Read on from Part II

Chapter III

Amendments to the Stamp Act 1949

Read on from Chapter III

Chapter IV

Amendments to the Petroleum (Income Tax) Act 1967

Read on from Chapter IV

Chapter V

Amendments to the Labuan Offshore Business Activity Tax Act 1990

Read on from Chapter V