Part 2

Plant and machinery allowances
Chapter 12

Ships

Qualifying ships

Basic meaning of qualifying ship
151
1
For the purposes of the deferment rules, a ship is a qualifying ship if it is—
a
of a sea-going kind, and
b
registered as a ship with a gross tonnage of 100 tons or more in a register of shipping established and maintained under the law of any country or territory.
2
This is subject to sections 152 to 154.