130Notice postponing first-year or writing-down allowance
(1)A person who is entitled to a first-year allowance for a chargeable period in respect of qualifying expenditure on the provision of a ship may, by notice, postpone all or part of the allowance.
(2)A person who is entitled to a writing-down allowance for a chargeable period in respect of qualifying expenditure allocated to a single ship pool may, by notice, postpone all or part of the allowance.
(3)A notice under this section must specify the amount postponed.
(4)A notice under this section must be given to the Inland Revenue—
(a)for income tax purposes, on or before the normal time limit for amending a tax return for the tax year in which the relevant chargeable period ends;
(b)for corporation tax purposes, no later than 2 years after the end of the relevant chargeable period.
(5)“The relevant chargeable period” means the chargeable period for which the person is entitled to the allowance.
(6)If a person entitled to a first-year allowance in respect of qualifying expenditure on the provision of a ship claims the allowance in respect of part of the expenditure, subsection (1) applies to the allowance claimed.
(7)If a person entitled to a writing-down allowance in respect of qualifying expenditure allocated to a single ship pool requires the allowance to be reduced to a specified amount, subsection (2) applies to the allowance as so reduced.