Tonnage Tax Manual

TTM17486 - Schedule 22 Finance Act 2000: Part X the ring fence - capital allowances - ship leasing - Para 89 Introduction

FA00/SCH22/PARA89

(1) In the case of a lease of a qualifying ship provided, directly or indirectly, to a company within tonnage tax, the provisions of Part 2 of the Capital Allowances Act 2001 have effect subject to and in accordance with the provisions of-

paragraphs 90 and 91 (defeased leasing),

paragraphs 91A to 91F (long funding leases)

paragraph 92 (sale and lease back arrangements), and

paragraphs 94 to 102 (quantitative restrictions on allowances).

This is subject to paragraph 89A (exception for ordinary charters).

(2) In this Part of this Schedule 바카라 사이트渓ease바카라 사이트� means any arrangement that provide for a ship to be leased or otherwise made available by a person (바카라 사이트渢he lessor바카라 사이트�) to another person(바카라 사이트渢he lessee바카라 사이트�).

(3) Other expressions used in this Part of this Schedule have the same meaning as in Part IX of this Schedule (the ring fence: capital allowances: general).

References

Outline of ship leasing	TTM10001
听	听
What is a 바카라 사이트榝inance lease바카라 사이트�?	TTM10010
Which leases are affected?	TTM10020

听