# Finance Act 2024, Section 10: Increase in capital allowances limit for ship leasing

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

(1) Paragraph 94 of Schedule 22 to FA 2000 (tonnage tax: restrictions on capital allowances) is amended as follows.
(2) In sub-paragraph (3), for “£40 million”, in both places it occurs, substitute “£100 million”.
(3) In sub-paragraph (5), for “£80 million” substitute “£200 million”.
(4) The amendments made by subsections (2) and (3) have effect in relation to leases entered into on or after 1 April 2024.

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Source: https://www.legislation.gov.uk/ukpga/2024/3/section/10 (the official version)
Page: https://openlegislation.uk/finance-act-2024/section-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.