Capital Allowances Act 2001 Explanatory Notes

Section 128: Expenditure which is not to be allocated to single ship pool

501.This section is based on parts of section 31(1) and (11) of CAA 1990. It provides that expenditure must not be allocated to a single ship pool if the ship is provided for leasing unless the ship meets the conditions in subsection (1)(a) and (b).

Back to top