{
  "url": "https://openlegislation.uk/capital-allowances-act-2001/section-149",
  "json_url": "https://openlegislation.uk/capital-allowances-act-2001/section-149.json",
  "legislation": "ukpga/2001/2",
  "legislation_title": "Capital Allowances Act 2001",
  "legislation_url": "https://openlegislation.uk/capital-allowances-act-2001",
  "path": "section/149",
  "kind": "section",
  "number": "149",
  "heading": "Exclusions: later events",
  "text": "(1) Expenditure on the provision of a ship is not, and is treated as never having been, expenditure on new shipping if—\n(a) at a time during the period mentioned in subsection (2), the ship is not a qualifying ship,\n(b) the expenditure is allocated to a pool as a result of an election under section 129 (election to use appropriate non-ship pool), or\n(c) section 107 applies in relation to the expenditure (overseas leasing).\n(2) The period referred to in subsection (1)(a) is—\n(a) the period of 3 years beginning with the time when the ship is first brought into use for the purposes of a qualifying activity carried on—\n(i) by the person (“A”) who incurred the expenditure, or\n(ii) if earlier, by a person connected with A, or\n(b) if shorter, the period beginning with that time and ending when neither A nor a person connected with A owns the ship.",
  "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/149",
    "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."
}