Schedule 22 Finance Act 2000: Part X the ring fence - capital allowances - ship leasing - Para 91B lease to Tonnage Tax company or group
(1) A lease falls within this paragraph if—
(a) it is a lease of a qualifying ship provided directly to a company within tonnage tax, or
(b) it is a lease of a qualifying ship provided indirectly to a company within tonnage tax (“T”) and sub-paragraph (2) applies.
(2) This sub-paragraph applies where—
(a) the owner of the qualifying ship provides it directly to a company (“C”) under a lease,
(b) C provides the qualifying ship directly to T under a lease, and
(c) C and T are in the same group *.1
*1 Paras 91A-91F inserted byFA 2006 s 81, Sch 9 paras 8, 10 with effect in accordance with the commencement provisions in FA 2006 Sch 8 para 15.
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