{
  "url": "https://openlegislation.uk/ports-northern-ireland-order-1994/article-18",
  "json_url": "https://openlegislation.uk/ports-northern-ireland-order-1994/article-18.json",
  "legislation": "nisi/1994/2809",
  "legislation_title": "The Ports (Northern Ireland) Order 1994",
  "legislation_url": "https://openlegislation.uk/ports-northern-ireland-order-1994",
  "path": "article/18",
  "kind": "article",
  "number": "18",
  "heading": "Supplementary and consequential provisions relating to levy",
  "text": "(1) In Articles 15 to 17 and this Article “levy” means levy under Article 15(1).\n(2) For the purposes of those Articles and this Article a disposal of rights to require the issue of securities of a company shall be treated as a disposal of the securities.\n(3) A payment of levy by a former relevant port authority shall be allowable as a deduction from the consideration in the computation under the 1992 Act of the gain accruing to the authority on a disposal of securities on which levy is chargeable; bu t, subject to that, no payment of levy, interest on unpaid levy or penalty under Article 17 shall be allowed as a deduction in computing any income, profits or losses for any tax purposes.\n(4) Section 17(1) of that Act (disposals and acquisitions treated as made at market value) shall not apply to a disposal of securities of a company on which levy is chargeable.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisi/1994/2809/article/18",
    "retrieved_at": "2026-10-29T04:44:34.932739+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."
}