TTM12310 - Tonnage tax groups: Merger

Between tonnage tax groups or companies

A merger between two tonnage tax companies or groups will always result in a new tonnage tax group. There will be a deemed election expiring:
 

• If there is a dominant party, when that party’s tonnage tax election would have expired; or
• If there is no dominant party, when whichever of the existing tonnage tax elections which had the longest period left to run would have expired.

References

FA00/SCH22/PARA122 (merger between TT groups/companies)	TTM17686
FA00/SCH22/PARA126 (meaning of ‘dominant party’)	TTM17706
Dominant party	TTM12350