Finance Act 2024
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Change 1
10 Increase 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.
10 Increase 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.
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