http://www.legislation.gov.uk/ukpga/2001/2/section/105/enactedCapital Allowances Act 2001Small businessesFire safetyFire regulationsSports ground licencesKing's Printer of Acts of Parliament2021-04-12 Capital Allowances Act 2001s. 774E(5)(b)Finance Act 2008Sch. 20 para. 12(11)Capital Allowances Act 2001s. 29(1A)The Fire and Rescue Services (Northern Ireland) Order 2006Sch. 3 para. 24(b)art. 1(3)art. 2 Part 2Chapter 11 105 1 In this Chapter— a “leasing” includes letting a ship or aircraft on charter or letting any other asset on hire, and b references to a lease include a sub-lease (and references to a lessor or lessee are to be read accordingly). 2 Plant or machinery is used for overseas leasing if it is used for the purpose of being leased to a person who— a is not resident in the United Kingdom, and b does not use the plant or machinery exclusively for earning profits chargeable to tax. 3 In this Chapter “profits chargeable to tax”— a includes profits chargeable under section 830(4) of ICTA (profits from exploration and exploitation of the seabed etc.), but b excludes profits arising to a person who, under double taxation arrangements, is afforded or is entitled to claim any relief from the tax chargeable on those profits. 4 “Double taxation arrangements” means arrangements specified in an Order in Council making any such provisions as are referred to in section 788 of ICTA. 5 “Protected leasing” of plant or machinery means— a short-term leasing of the plant or machinery (as defined in section 121), or b if the plant or machinery is a ship, aircraft or transport container, the use of the ship, aircraft or transport container for a qualifying purpose under section 123 or 124 (letting on charter to UK resident etc.). 6 In this Chapter “qualifying activity” includes (subject to any provision to the contrary) any activity listed in section 15(1) even if any profits or gains from it are not chargeable to tax.