s 129 Election to use the appropriate non-ship pool
(1) A person who has incurred qualifying expenditure on the provision of a ship may, by an election made for a chargeable period, allocate to the appropriate non-ship pool— (a) all or a part of any qualifying expenditure that would otherwise be allocated to a single ship pool, or (b) all or a part of the available qualifying expenditure in a single ship pool. (2) An election under this section must be made by notice given to an officer of Revenue and Customs — (a) for income tax purposes, on or before the normal time limit for amending a tax return for the tax year in which the relevant chargeable period ends; (b) for corporation tax purposes, no later than 2 years after the end of the relevant chargeable period. (3) “ The relevant chargeable period ” means the chargeable period for which the election is made.