TTM18000 - Tonnage Tax Regulations 2000
Preamble
SI00/2303
Made: 25 August 2000
Laid before the House of Commons: 25 August 2000
Coming into force: 31 August 2000
The Commissioners of Inland Revenue, in exercise of the powers conferred on them by paragraphs 47, 85(3), 112(7), 113(4), and 130 to 136 of Schedule 22 to the Finance Act 2000 hereby make the following Regulations:
Table of contents
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Regulation 1 |
Citation and commencement |
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Regulation 2 |
Interpretation |
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Regulation 3 |
Qualifying secondary activities |
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Regulation 4 |
Plant and machinery other than expensive motor cars and long life assets - writing down basis |
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Regulation 5 |
Expensive motor cars - writing down basis |
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Regulation 6 |
Long-life assets - writing down basis |
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Regulation 7 |
Plant and machinery used for the purposes of the company’s offshore activities - writing-down basis |
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Regulation 8 |
Adjustments to be made for capital allowance purposes to the amount of qualifying expenditure for assets where a corporate partner leaves tonnage tax |
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Regulation 9 |
Corporate partners - modifications of the requirements for being a qualifying company (with supplementary provision relating to finance leases) |
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Regulation 10 |
Corporate partners - modifications of the requirements for being a qualifying company (with supplementary provision relating to finance leases) |
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Regulation 11 |
Ships chartered to partners - further provision relating to chartering in |
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Regulation 12 |
Chargeable gains: use of assets by partnerships which include corporate partners |
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Regulation 13 |
Transactions not at arm’s length between a partnership (where a corporate partner is a tonnage tax company) and another partner |
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EXPLANATORY NOTE |
