Commentary on Sections Glossary Structure of Part 2 Section 150: Exclusions where expenditure not incurred by shipowner
570.This section is based on section 33D(2A) and (2B) of CAA 1990. It stops expenditure incurred by a member of the same group of companies qualifying as expenditure on new shipping if the company:
	ceases to own the ship before it is used for its qualifying activity; or
	is required to bring in a disposal value in respect of the ship within the first three years of the ship being used,
unless it is because the ship is lost or irreparably damaged.
571.Subsection (4) has the same effect if the company and the shipowner cease to be members of the same group within three years of the ship being used by the company. But any changes in the group are ignored if they happen after the ship is lost or irreparably damaged.