# Finance Act 2005, Paragraph 7


(1) Paragraph 22 is amended as follows.
(2) In sub-paragraph (1) (qualifying ship beginning to be used as vessel of excluded kind ceases to be such ship when it begins to be so used) for “as a vessel of an excluded kind” substitute “ for non-qualifying purposes ”.
(3) In sub-paragraph (2)(b) (use as vessel of excluded kind for up to 30 days in accounting period to be disregarded) for “as a vessel of an excluded kind” substitute “ for non-qualifying purposes ”.
(4) In sub-paragraph (5) (meaning of references to use as vessel of excluded kind) for “as a vessel of an excluded kind are to” substitute
“for non-qualifying purposes are to—
(a) use for an activity other than any of the activities mentioned in paragraph 19(1)(a) to (d), or”.
(b)
(5) After that sub-paragraph insert—
“(6) This paragraph does not apply for the purposes of sub-paragraphs (2) to (5) of paragraph 20A (qualifying dredgers and tugs).”.

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Source: https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/7 (the official version)
Page: https://openlegislation.uk/finance-act-2005/schedule-7/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.