TTM03915 - Qualifying companies and ships: flagging - condition 1

FA00/Sch22/Para22A (2)

The flagging rules have to be considered at the time when a company starts to operate a ship for the first time.

However, if the company starts to operate a ship that has previously been operated by that company or a company within the same Tonnage Tax group, then where that ship is registered does not affect whether or not it is a qualifying ship for Tonnage Tax purposes.

References