TTM13000 - Partnerships
Introduction
This section details the various tonnage tax provisions for companies that carry on a shipping business through a corporate partnership.
Table of contents
Outline
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Outline of the tonnage tax rules for partnerships |
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Elections into Tonnage Tax |
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Computation of profit |
Operation of ships
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Operation of ships |
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No double counting |
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Bareboat charter-out |
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Strategic and commercial management |
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75% limit on chartering-in to partner |
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75% limit on chartering-in to partner: Example |
Chargeable gains
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Chargeable gains |
The ring fence
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Transfer-pricing across the ring-fence |
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Finance leasing |
Capital allowances
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On entry into Tonnage Tax |
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On exit from Tonnage Tax: Introduction |
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On exit from Tonnage Tax: Procedure |
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On exit from Tonnage Tax: Example |
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On exit from Tonnage Tax: Postponed allowances (free depreciation) |
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On exit from Tonnage Tax: Compensatory payments between partners |
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On exit from Tonnage Tax: Variations in share of partnership property |
