Part 2

Plant and machinery allowances
Chapter 12

Ships

Attribution of deferred amounts

Effect of attribution
143
1
This section applies if a notice is given under section 140 attributing an amount to expenditure on new shipping.
2
The amount must be brought into account as a disposal value—
a
for the chargeable period in which the expenditure is incurred, and
b
in the single ship pool to which the expenditure is allocated.