TTM08000 - Chargeable Gains
Introduction
This section explains how capital gains and losses made by tonnage tax companies are treated. It also explains the rules on roll over relief for tonnage tax companies.
Table of contents
Outline
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Outline |
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Treatment of gains and losses |
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Treatment of gains and losses: Capital losses |
Tonnage tax assets
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Meaning of tonnage tax asset |
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Asset used by another company |
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Asset which is not tonnage tax asset |
Time apportionment
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Time apportionment |
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Computation |
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Disposals by non-tonnage tax companies |
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Example |
Roll-over relief
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Roll-over relief: Introduction |
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New asset is a tonnage tax asset |
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Non-depreciating asset becomes a tonnage tax asset |
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Depreciating asset becomes a tonnage tax asset |
