TTM11000 – Offshore Activities

Table of contents

Outline

TTM11001Outline of special rules for offshore activities
TTM11010Meaning of ‘offshore activities’

Types of vessel

TTM11100Different types of vessel and their treatment
TTM11110Vessels to which special rules apply
TTM11120Vessels to which special rules do not apply
TTM11130Vessels outside Tonnage Tax
TTM11140De minimis activity ignored
TTM11150Periods of inactivity

Offshore profits

TTM11200Outline of offshore profits
TTM11210Computational rules
TTM11220Example computations of offshore profits
TTM11230Pre-commencement losses
TTM11240Pre-commencement losses: Example
TTM11250Chargeable gains

Capital allowances

TTM11300Outline of capital allowance code for offshore activities
TTM11310Assets held before entry
TTM11320Assets acquired after entry
TTM11330Proportional reduction of allowances
TTM11340Example

Allowance for training costs

TTM11400Allowance for training costs: Overview
TTM11410Allowance for training costs: Computational procedure
TTM11420Allowance for training costs: Example



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