{
  "url": "https://openlegislation.uk/finance-act-2024/schedule-8/paragraph-7",
  "json_url": "https://openlegislation.uk/finance-act-2024/schedule-8/paragraph-7.json",
  "legislation": "ukpga/2024/3",
  "legislation_title": "Finance Act 2024",
  "legislation_url": "https://openlegislation.uk/finance-act-2024",
  "path": "schedule/8/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": "Disapplication of 75% limit for ship managers",
  "text": "(1) In paragraph 37 (75% charter limit)—\n(a) in sub-paragraph (1), in the words before paragraph (a), after “of” insert “a relevant company or group”, and\n(b) after sub-paragraph (5) insert—\n“(6) For the purposes of sub-paragraph (1)—\n(a) a company is “relevant” if it operates one or more qualifying ships, and\n(b) a group is “relevant” if it has one or more members that operate one or more qualifying ships.”\n(2) In paragraph 49 (distributions of oversea shipping companies), in sub-paragraph (2), in paragraph (c), after “that” insert “, where the overseas company operates qualifying ships,”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2024/3/schedule/8/paragraph/7",
    "retrieved_at": "2026-10-29T08:48:28.960167+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."
}