SCHEDULES

SCHEDULE 22 Tonnage tax

Part IX The ring fence: capital allowances: general

Interpretation

88

1

In this Part of this Schedule—

  • F1“capital allowance” means any allowance under the Capital Allowances Act 2001;

  • F2“qualifying activity” means any activity in respect of which a person may be entitled to a capital allowance;

  • “qualifying expenditure” means expenditure in respect of which a person is or may be entitled to a capital allowance.

F32

In this Part of this Schedule any reference to pooling or to single asset pools, class pools or the main pool shall be construed in accordance with sections 53 and 54 of the Capital Allowances Act 2001.

4

Other expressions relating to capital allowances have the same meaning in this Part of this Schedule as in the F4Capital Allowances Act 2001.