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70(1)This paragraph applies where, on a company’s entry into tonnage tax, plant and machinery is to be used partly for the purposes of the company’s tonnage tax trade and partly for the purposes of a qualifying activity carried on by the company.
(2)The provisions of sections 24(6)(c)(iv) and 79(3) to (6) of the [1990 c. 1.] Capital Allowances Act 1990 (effect of use partly for trade and partly for other purposes) apply as follows—
(a)references to a trade shall be read as references to the qualifying activity (and not as including a reference to the tonnage tax trade), and
(b)references to purposes other than those of a trade shall be read as including references to the purposes of the tonnage tax trade.
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