TTM09000 – Capital Allowances

Table of contents

Outline

TTM09001Outline

Entry into Tonnage Tax (P&M)

TTM09010Tonnage tax pool (frozen pool)
TTM09020Unrelieved qualifying expenditure
TTM09030Apportioning a mixed pool
TTM09040Mixed use asset acquired before entry
TTM09050Ships bought and sold within 12 months

During Tonnage Tax (P&M)

TTM09100Mixed use asset acquired after entry
TTM09110Change of use of tonnage tax asset; General
TTM09120Change of use of tonnage tax asset acquired before entry
TTM09130Change of use of tonnage tax asset acquired after entry
TTM09140Change of use of non-tonnage tax asset
TTM09150Disposals of plant and machinery

Balancing charges (P&M)

TTM09200Deferment of balancing charges arising before entry
TTM09210Reduction of balancing charges arising during Tonnage Tax
TTM09220Giving effect to balancing charges arising during Tonnage Tax
TTM09230Deferment of balancing charges arising after entry
TTM09240Examples of deferred balancing charges
TTM09250Procedure on deferred balancing charge
TTM09260Surrender of unrelieved qualifying expenditure

Exit from Tonnage Tax (P&M)

TTM09300Qualifying expenditure: General
TTM09310Assets other than expensive cars and long-life assets
TTM09320Expensive cars
TTM09330Long-life assets
TTM09340Capital allowances after exiting from Tonnage Tax

Industrial buildings

TTM09400Buildings used in tonnage tax trade
TTM09410Balancing charges
TTM09420Industrial building disposed of by tonnage tax company
TTM09430Company with industrial building leaves Tonnage Tax



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