Paragraph 91E F1

Paragraph 91A(2) does not have effect in the case of the lease if the main purpose, or one of the main purposes—

(a)

of the leasing of the ship,

(b)

of a series of transactions of which the leasing of the ship is one, or

(c)

of any of the transactions in such a series,

was to obtain a writing down allowance determined without regard to any of paragraphs 90, 92 and 94 to 102 in respect of expenditure incurred by any person on the provision of the ship.

Annotations

Textual amendments

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)