Paragraph 24 of schedule 2.It is essentially for the production of buildings and installation of machinery therein. For it to be deducted , the taxpayer must own both building and machinery. The major emphasis of this deduction is to encourage industrialization in two major fronts.
(1) Allow deductions at a higher rate if construction of industrial building and machinery is done out of Nairobi and Mombasa then in the year 1999 the deduction would be at 16% of the cost of building and machinery.
1990-75 %.The rates for Mombasa and Nairobi are higher than other towns.