Section 1132 — Corporation Tax Act 2010: “Offshore installation”

“Offshore installation” 1132 1 In the Corporation Tax Acts “ offshore installation ” means a structure which is, is to be, or has been, put to a relevant use while in water (see subsections (3) and (4)).

2 But a structure is not an offshore installation if—

a it has permanently ceased to be put to a relevant use, b it is not, and is not to be, put to any other relevant use, and c since permanently ceasing to be put to a relevant use, it has been put to a use which is not relevant.

3 A use is a relevant use if it is—

a for the purposes of exploiting mineral resources by means of a well, b for the purposes of exploration with a view to exploiting mineral resources by means of a well, c for the storage of gas in or under the shore or the bed of any waters, d for the recovery of gas so stored, e for the conveyance of things by means of a pipe, or f mainly for the provision of accommodation for individuals who work on or from a structure which is, is to be, or has been, put to any of the above uses while in water.

4 For the purposes of this section references to a structure being put to a use while in water are to the structure being put to a use while—

a standing in any waters, b stationed (by whatever means) in any waters, or c standing on the foreshore or other land intermittently covered with water.

5 In this section “ structure ” includes a ship or other vessel.