Related Commentary  

94(1)  Expenditure is not long-life asset expenditure if–

(a)it is incurred before 1st January 2011 on the provision of a ship of a sea-going kind, and

(b)each of the conditions in subsection (2) is met.

94(2)  The conditions are that–

(a)the ship is not an offshore installation,

(b)[omitted by FA 2004, s. 146 and Sch. 27, para. 8 and repealed by FA 2004, s. 326 and Sch. 42, Pt. 2(19),]

(c)the primary use to which ships of the same kind are put by their owners (or, if their use is made available to others, those others) is a use otherwise than for sport or recreation.

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