123 Ships and aircraft
Capital Allowances Act 2001 (2001 c 2) | Legislation

123  Ships and aircraft

(1)     A ship is used for a qualifying purpose at any time when it is let on charter in the course of a trade which consists of or includes operating ships by a person who is—

(a)     resident in the United Kingdom or carries on the trade there, and

(b)     responsible for navigating and managing

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