SCHEDULES

SCHEDULE 27Meaning of “offshore installation”

Part 2Minor and consequential amendments

Capital Allowances Act 2001 (c. 2)

9

1

Section 153 of the Capital Allowances Act 2001 (ships that are not qualifying ships) is amended as follows.

2

For subsection (2) substitute—

2

A ship is not a qualifying ship at any time when it is an offshore installation.

3

Omit subsection (3).