TTM06020 - Relevant Shipping Profits: Relevant shipping income: Outline
Relevant shipping income
As explained in TTM06010, a company’s ‘relevant shipping income’ will form part of its‘relevant shipping profits’.
Its ‘relevant shipping income’ consists of:
- its income from ‘tonnage tax activities’ (see TTM06030)
- certain distributions from qualifying overseas shipping companies (see TTM06400)
- certain interest (see TTM06510), but subject to the general exclusion of investment income (see TTM06500)
References
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FA00/SCH22/PARA44(2) (relevant shipping income) |
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FA00/SCH22/PARA45 (tonnage tax activities) |
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FA00/SCH22/PARA49 (overseas shipping companies) |
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FA00/SCH22/PARA50 (certain interest etc) |
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FA00/SCH22/PARA51 (exclusion of investment income) |
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Prior year adjustments |
