TTM10000 - Ship leasing: contents

Introduction

This section explains the capital allowances regime applicable to companies that lease ships to companies within tonnage tax. It explains the quantitative limits on the amount of the allowances which may be claimed as well as restrictions on the availability of allowances in certain circumstances such as sale and lease back arrangements or defeasance.

Outline

1. TTM10001

   Outline
2. TTM10010

   What is a finance lease?
3. TTM10020

   Ship leasing

Defeased leasing

1. TTM10100

   Outline of defeased leasing
2. TTM10110

   Meaning of ‘defeasance’
3. TTM10120

   Excepted forms of security - Guarantees
4. TTM10130

   Excepted forms of security - Security inherent in the ship
5. TTM10140

   Pre-delivery guarantees
6. TTM10150

   Valuing the ship
7. TTM10160

   What to do with queries

Sale and lease-back

1. TTM10200

   Outline of sale and leaseback restrictions
2. TTM10210

   Exception for new ships
3. TTM10215

   Long funding leases

Certification of ship leases

1. TTM10300

   Certification of ship leases

Quantitative restrictions on allowances

1. TTM10400

   Outline of restrictions on capital allowances
2. TTM10410

   Entitlement to allowances
3. TTM10415

   Exceptions
4. TTM10420

   Shared expenditure
5. TTM10430

   Cost of providing the ship
6. TTM10440

   Cost of providing the ship - Example
7. TTM10450

   Disposals
8. TTM10460

   Disposals - Example
9. TTM10470

   Restrictions begin to apply - introduction
10. TTM10480

    Restrictions begin to apply - Procedure
11. TTM10490

    Restrictions begin to apply - Example
12. TTM10500

    Restrictions cease to apply - introduction
13. TTM10510

    Restrictions cease to apply - Procedure
14. TTM10520

    Restrictions cease to apply - Example
15. TTM10530

    Tax written down value