Schedule 1 to the Principal Act is amended -

(a) in paragraph 3 of Part 1A -

(i) by the insertion of the following step after step C:

"CA. Where the person is entitled to the proceeds of sale deductible amount, deduct proceeds of sale deductible amount from the amount produced by step C.",

and

(ii) by the substitution of the following step for step D:

"D. Deduct general assets deductible amount from the amount produced by step C or, if step CA applies, from the amount produced by step CA, to produce annual assessed cash assets.",

(b) in paragraph 4 of Part 1A -

(i) by the insertion of the following step after step C:

"CA. Where the person is entitled to the proceeds of sale deductible amount and the proceeds of sale deductible amount has not been fully used in connection with the cash assets assessment then apply the unused balance by deducting the unused amount from the total net value of relevant assets produced by step C.",

and