Commentary on Sections Example 3 Ne = £5,000; Da = 183; De = 183; Smg = 0 Section 385: Meaning of “ship”
1679.This section derives from section 192A(3) of ICTA. “Ship” takes its everyday meaning, subject to the exception in respect of an “offshore installation” as provided by the Mineral Workings (Offshore Installations) Act 1971. Further guidance on the meaning of those terms is given in the Inland Revenue Schedule E manual at paragraphs SE 33221 to 33222.