Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Capital Allowances Act 2001 section 148
Exclusions: object to secure deferment
Section 148 is an anti-avoidance provision that prevents expenditure on a ship from qualifying as expenditure on new shipping where the purpose of the transaction (or transactions) was to defer a balancing charge.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.