Part 2

Plant and machinery allowances
Chapter 12

Ships

Qualifying ships

Ships which are not qualifying ships
153
1
A ship is not a qualifying ship if the primary use to which ships of the same kind as that ship are put—
a
by the persons who own them, or
b
by others to whom they are made available,
is use for sport or recreation.
2
A ship is not a qualifying ship at any time when—
a
it is an offshore installation, or
b
it would be such an installation if the activity for which it is to be established or maintained were carried on in or under controlled waters.
3
“Offshore installation” and “controlled waters” have the same meaning as in the Mineral Workings (Offshore Installations) Act 1971 (c. 61).