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Changes over time for: Section 132


Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 22/03/2001.
Changes to legislation:
There are currently no known outstanding effects for the Capital Allowances Act 2001, Section 132.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
132 Disposal events and single ship poolU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)A person is required to bring a disposal value into account in a single ship pool if the ship—
(a)is provided for leasing, and
(b)begins to be used otherwise than for a qualifying purpose within the first 4 years of the designated period.
(2)If any disposal event (including one under subsection (1)) occurs in relation to a single ship pool—
(a)the available qualifying expenditure in the single ship pool is allocated, for the chargeable period in which the event occurs, to the appropriate non-ship pool,
(b)the disposal value must be brought into account as a disposal value for that chargeable period in the appropriate non-ship pool, and
(c)the single ship pool ends without a final chargeable period and without any liability to a balancing charge arising.
(3)Subsections (1) and (2) apply even if, as a result of an election under section 129, some of the qualifying expenditure on the provision of the ship has been allocated to the appropriate non-ship pool.
(4)In subsection (1) “leasing”, “qualifying purpose” and “designated period” have the same meaning as in Chapter 11 (overseas leasing).
Yn ôl i’r brig