{
  "url": "https://openlegislation.uk/capital-allowances-act-2001/section-147",
  "json_url": "https://openlegislation.uk/capital-allowances-act-2001/section-147.json",
  "legislation": "ukpga/2001/2",
  "legislation_title": "Capital Allowances Act 2001",
  "legislation_url": "https://openlegislation.uk/capital-allowances-act-2001",
  "path": "section/147",
  "kind": "section",
  "number": "147",
  "heading": "Exclusions: ship previously owned",
  "text": "(1) Expenditure on the provision of a ship is not expenditure on new shipping if the person who incurred the expenditure—\n(a) has already owned the ship in the period of 6 years ending with the time when he first owns it as a result of incurring the expenditure, or\n(b) was connected at a material time with a person who owned the ship at any time during that period.\n(2) For this purpose a material time is—\n(a) the time when the expenditure was incurred, or\n(b) any earlier time in the 6 year period beginning with the relevant disposal event.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2001/2/section/147",
    "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."
}