TTM17551 - Schedule 22 Finance Act 2000: Part X the ring fence - capital allowances - ship leasing - Para 95 quantitative restrictions - further provisions as to rate bands, limit and pooling
FA00/SCH22/PARA95
(1) »Ê¹ÚÌåÓýapp rate bands and limit in paragraph 94 (quantitative restrictions on allowances) apply separately in relation to each ship.
(2) »Ê¹ÚÌåÓýapp amounts specified in that paragraph apply in relation to the whole cost of providing the ship.
(3) If-
(a) the cost is shared by two or more persons, or
(b) a person acquires a part share in the ship,
that paragraph applies as if there were substituted in sub-paragraph (3)(a) and (b) and sub-paragraph (5) in relation to each person the proportion of the figure specified that his share of the cost bears to the whole cost.
(4) »Ê¹ÚÌåÓýapp pools referred to in sub-paragraph (4A) of that paragraph are class pools of all expenditure of a lessor that falls to be allocated to a tonnage tax (main rate), or tonnage tax (special rate) pool in respect of ships leased by him.
References
| Entitlement to allowances | TTM10410 |
| Ìý | Ìý |
| Shared expenditure | TTM10420 |
Ìý