# The Tonnage Tax Regulations 2000, Regulation 6: Long-life assets—writing-down basis


(1) This regulation applies to long-life assets described in regulation 4(1)(b).
(2) The written down value of the paragraph 85(2)(a) amount for the asset shall be determined by multiplying that amount by the percentage given by the table in paragraph (3).
(3) That table is as follows—
Length of qualifying holding period for the asset
Percentage of the paragraph 85(2)(a) amount which is qualifying expenditure under Part II of the 1990 Act
Less than or equal to 1 year
94
From 1 year and one day to 2 years
88
From 2 years and one day to 3 years
83
From 3 years and one day to 4 years
78
From 4 years and one day to 5 years
73
From 5 years and one day to 6 years
69
From 6 years and one day to 7 years
65
From 7 years and one day to 8 years
61
From 8 years and one day to 9 years
57
From 9 years and one day to 10 years
54
From 10 years and one day to 11 years
51
From 11 years and one day to 13 years
47
From 13 years and one day to 16 years
40
From 16 years and one day to 19 years
33
From 19 years and one day to 22 years
27
From 22 years and one day to 25 years
23
From 25 years and one day to 30 years
18
From 30 years and one day to 35 years
13
From 35 years and one day to 40 years
10
From 40 years and one day to 45 years
7
From 45 years and one day to 50 years
5
From 50 years and one day to 60 years
3
From 60 years and one day to 70 years
2
More than 70 years
Nil

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Source: https://www.legislation.gov.uk/uksi/2000/2303/regulation/6 (the official version)
Page: https://openlegislation.uk/tonnage-tax-regulations-2000/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.