95(1)The rate bands and limit in paragraph 94 (quantitative restrictions on allowances) apply separately in relation to each ship.U.K.
(2)The amounts specified in that paragraph apply in relation to the whole cost of providing the ship.
(3)If—
(a)the cost is shared by two or more persons, or
(b)a person acquires a part share in the ship,
that paragraph applies as if there were substituted in sub-paragraph (3)(a) and (b) and sub-paragraph (5) in relation to each person the proportion of the figure specified that his share of the cost bears to the whole cost.
(4)The pools referred to in sub-paragraph [F1(4A)] of that paragraph are class pools of all expenditure of a lessor that falls to be allocated to a [F2tonnage tax (main rate)] or [F2tonnage tax (special rate)] pool in respect of ships leased by him.
Textual Amendments
F1Word in Sch. 22 para. 95(4) substituted (with effect in accordance with s. 57(8)-(9) of the amending Act) by Finance Act 2011 (c. 11), s. 57(3)(a)
F2Words in Sch. 22 para. 95(4) substituted (with effect in accordance with s. 57(8)-(9) of the amending Act) by Finance Act 2011 (c. 11), s. 57(3)(b)
Modifications etc. (not altering text)
C1Sch. 22 para. 95(4) modified (with effect in accordance with s. 10(8)-(13) of the amending Act) by Finance Act 2011 (c. 11), s. 10(5)-(7)