# Capital Allowances Act 2001, Section 94: Ships

Extent: E+W+S+N.I.

(1) Expenditure is not long-life asset expenditure if—
(a) it is incurred before 1st January 2011 on the provision of a ship of a sea-going kind, and
(b) each of the conditions in subsection (2) is met.
(2) The conditions are that—
(a) the ship is not an offshore installation,
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(c) the primary use to which ships of the same kind are put by their owners (or, if their use is made available to others, those others) is a use otherwise than for sport or recreation.
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/94 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-94
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.