Part 1Income tax and corporation tax
Chapter 1Reliefs for businesses etc
Tonnage tax
10Increase in capital allowances limit for ship leasing
1
Paragraph 94 of Schedule 22 to FA 2000 (tonnage tax: restrictions on capital allowances) is amended as follows.
2
In sub-paragraph (3), for “£40 million”, in both places it occurs, substitute “£100 million”
.
3
In sub-paragraph (5), for “£80 million” substitute “£200 million”
.
4
The amendments made by subsections (2) and (3) have effect in relation to leases entered into on or after 1 April 2024.