150 Exclusions where expenditure not incurred by shipowner
Capital Allowances Act 2001 (2001 c 2) | Legislation

150  Exclusions where expenditure not incurred by shipowner

(1)     Expenditure on the provision of a ship is not, and is treated as never having been, expenditure on new shipping if—

(a)     it is incurred by a company which is a member of the same group as the shipowner at the time when the expenditure is incurred, and

(b)     subsection (2) or (4) applies.

(2)     This subsection applies (subject to subsection

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