Part 24Corporation Tax Acts definitions etc
Chapter 1Definitions
1132“Offshore installation”
1
In the Corporation Tax Acts “offshore installation” means a structure which is, is to be, or has been, put to a relevant use while in water (see subsections (3) and (4)).
2
But a structure is not an offshore installation if—
a
it has permanently ceased to be put to a relevant use,
b
it is not, and is not to be, put to any other relevant use, and
c
since permanently ceasing to be put to a relevant use, it has been put to a use which is not relevant.
3
A use is a relevant use if it is—
a
for the purposes of exploiting mineral resources by means of a well,
b
for the purposes of exploration with a view to exploiting mineral resources by means of a well,
c
for the storage of gas in or under the shore or the bed of any waters,
d
for the recovery of gas so stored,
e
for the conveyance of things by means of a pipe, or
f
mainly for the provision of accommodation for individuals who work on or from a structure which is, is to be, or has been, put to any of the above uses while in water.
4
For the purposes of this section references to a structure being put to a use while in water are to the structure being put to a use while—
a
standing in any waters,
b
stationed (by whatever means) in any waters, or
c
standing on the foreshore or other land intermittently covered with water.
5
In this section “structure” includes a ship or other vessel.