1989 Ed.]
Inland Revenue
[CAP. 112
99
(c) for the purposes of a trade which consists of the manufacture of goods or materials or the subjection of goods or materials to any process; or
(d) for the purposes of a trade which consists in the storage-
(i) of goods or materials which are to be used in the manufacture of other goods or materials; or
(ii) of goods or materials which are to be subjected in the course of a trade to any process; or
(iii) of goods or materials on their arrival into Hong Kong; or
(Amended 7 of 1986 s. 12)
(e) for the purposes of the business of farming;
(f) for the purposes of scientific research in relation to any trade or business,
and, in particular, the said expression includes any building or structure or part of any building or structure used by a person carrying on a trade, undertaking or business specified in paragraphs (a) to (e) of this definition and provided by him for the welfare of workers employed in his trade, undertaking or business and in use for that purpose:
Provided that--
(i) where part of the whole of a building or structure is, and part thereof is not, an industrial building or structure, and the capital expenditure which has been incurred on the construction of the second mentioned part is not more than one-tenth of the total capital expenditure which has been incurred on the construction of the whole building or structure, the whole building or structure and every part thereof shall be treated as an industrial building or structure; and
(ii) subject to the provisions of paragraph (i) of this proviso but notwithstanding anything else contained in the foregoing provisions of this definition, the expression "industrial building or structure" shall not include any building or structure or part of any building or structure used as a dwelling house (other than as a dwelling house for the housing of manual workers), retail shop, showroom, hotel or office; (Replaced 35 of 1965 s. 22)
"relevant interest" means, in relation to any expenditure incurred on the construction of a building or structure the interest in that building or structure to which the person who incurred the expenditure was entitled when he incurred it; (Amended 49 of 1956 s. 28)
"residue of expenditure" means the amount of the capital expenditure incurred in the construction of a building or structure reduced by-
(a) the amount of any initial allowance made;
(b) any annual allowance made;
(c) any balancing allowance granted,
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