TTM06000 - Relevant Shipping Profits

Table of contents

Outline and definitions

TTM06001Outline
TTM06010Meaning of ‘relevant shipping profits’
TTM06020Relevant shipping income
TTM06030Tonnage tax activities
TTM06040Prior year adjustments

Core qualifying activities

TTM06050Core qualifying activities
TTM06060Core qualifying Activities: Examples

Qualifying secondary activities

TTM06100Qualifying Secondary Activities
TTM06110Wholly qualifying secondary activities
TTM06120Secondary activities qualifying up to set limits
TTM06130Work carried out for third parties
TTM06140Work carried out for third parties: Activities outside ring fence
TTM06150Betting and gambling
TTM06160Sale of luxury goods

Qualifying incidental activities

TTM06200Qualifying incidental activities

Non-qualifying activities

TTM06300Non-qualifying activities

Distributions from overseas shipping companies

TTM06400Outline
TTM06410Conditions
TTM06420Meeting the conditions
TTM06430Timing
TTM06440Timing: Example
TTM06450‘Subject to tax’
TTM06460Disposal of overseas business
TTM06470CFC legislation

Investment income etc

TTM06500Exclusion of investment income
TTM06510Certain interest etc
TTM06520Certain interest etc: Examples

Miscellaneous

TTM06600Vessels providing transport for services at sea
TTM06700Merchant adventurers


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