Capital Allowances Act 2001 section 161A

Meaning of "offshore infrastructure"

Section 161A defines the term "offshore infrastructure" for the purposes of the capital allowances rules on expenditure connected with the reuse of offshore oil infrastructure.

• Offshore infrastructure includes offshore installations (or parts of them) as defined in the Petroleum Act 1998, whether located in UK or foreign waters.
• It also covers pipelines (or parts of them) located in, under, or over UK territorial waters or designated areas of the UK continental shelf.
• Pipelines in foreign sectors of the continental shelf are equally included in the definition.
• Foreign sectors and foreign tidal waters are defined by reference to areas where countries or territories outside the UK exercise rights over the sea bed, subsoil, and natural resources.