TTM03720 - Qualifying companies and ships: Temporary change of use - examples
Example 1
 In 2008, a cruise ship is moored in the River Mersey and used as a floating hotel for a week during the Open golf championships. »Ê¹ÚÌåÓýapp ship is a qualifying ship for the remainder of the 12-month accounting period ended 31 December 2014.
»Ê¹ÚÌåÓýapp ship will be a qualifying for the whole of the accounting period, because the non-qualifying use did not exceed 30 days.
Example 2
A cross channel ferry is used as a river ferry for 10 days in the 6-month accounting period ended 31 December 2013. It was a qualifying ship throughout the remainder of the accounting period.
»Ê¹ÚÌåÓýapp period of use as a river ferry is less than the limit as proportionately reduced (i.e. 15 days), and so the ferry is a qualifying ship throughout the accounting period.
References
FA00/SCH22/PARA22 (effect of change of use) |
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Temporary change of use |