HC Deb 27 April 1970 vol 800 c217W
Mr. Ridley

asked the Chancellor of the Exchequer what is his estimate of the cost to the Revenue at the present time of the free depreciation available to United Kingdom shipping companies.

Mr. Taverne:

The tax liability of many shipping companies is affected by the carry-forward from previous years of unused capital allowances or of losses, and I regret that it is not possible to say how much of the amounts now being carried forward is attributable to free depreciation.