TTM06010 - Relevant Shipping Profits: Outline

Meaning of 'relevant shipping profits'

A company’s ‘relevant shipping profits’ consist of

• its ‘relevant shipping income’ (see TTM06020 onwards), and
• any chargeable gains which would arise under the normal CGT rules, but which are excluded from the charge to tax by the provisions of part VIII of Schedule 22 (see TTM08001 onwards).

References