Paragraph 91B F1

(1)

A lease falls within this paragraph if—

(a)

it is a lease of a qualifying ship provided directly to a company within tonnage tax, or

(b)

it is a lease of a qualifying ship provided indirectly to a company within tonnage tax (“T”) and sub-paragraph (2) applies.

(2)

This sub-paragraph applies where—

(a)

the owner of the qualifying ship provides it directly to a company (“C”) under a lease,

(b)

C provides the qualifying ship directly to T under a lease, and

(c)

C and T are in the same group.

Annotations

F1: Sch. 22 paras. 91A-91F and cross-heading inserted (with effect in accordance with Sch. 8 para. 15 and Sch. 9 para. 10(5) to the amending Act) by Finance Act 2006 (c. 25), Sch. 9 para. 10(3)