SCHEDULES

SCHEDULE 27U.K.Meaning of “offshore installation”

Part 2U.K.Minor and consequential amendments

Capital Allowances Act 2001 (c. 2)U.K.

9(1)Section 153 of the Capital Allowances Act 2001 (ships that are not qualifying ships) is amended as follows.U.K.

(2)For subsection (2) substitute—

“(2)A ship is not a qualifying ship at any time when it is an offshore installation.”

(3)Omit subsection (3).