{
  "url": "https://openlegislation.uk/capital-allowances-act-2001/section-132",
  "json_url": "https://openlegislation.uk/capital-allowances-act-2001/section-132.json",
  "legislation": "ukpga/2001/2",
  "legislation_title": "Capital Allowances Act 2001",
  "legislation_url": "https://openlegislation.uk/capital-allowances-act-2001",
  "path": "section/132",
  "kind": "section",
  "number": "132",
  "heading": "Disposal events and single ship pool",
  "text": "(1) A person is required to bring a disposal value into account in a single ship pool if the ship—\n(a) is provided for leasing, and\n(b) begins to be used otherwise than for a qualifying purpose within the first 4 years of the designated period.\n(2) If any disposal event (including one under subsection (1)) occurs in relation to a single ship pool—\n(a) the available qualifying expenditure in the single ship pool is allocated, for the chargeable period in which the event occurs, to the appropriate non-ship pool,\n(b) the disposal value must be brought into account as a disposal value for that chargeable period in the appropriate non-ship pool, and\n(c) the single ship pool ends without a final chargeable period and without any liability to a balancing charge arising.\n(3) Subsections (1) and (2) apply even if, as a result of an election under section 129, some of the qualifying expenditure on the provision of the ship has been allocated to the appropriate non-ship pool.\n(4) In subsection (1) “leasing”, “qualifying purpose” and “designated period” have the same meaning as in Chapter 11 (overseas leasing).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "C",
      "label": "C1",
      "text": "Pt. 2 modified (10.6.2021) by Finance Act 2021 (c. 26), s. 9(1)(a)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2001/2/section/132",
    "retrieved_at": "2026-10-29T09:20:17.739129+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}