TTM14000 – Exiting Tonnage Tax

Table of contents

Types of exit

TTM14001Types of exit
TTM14010Expiry of election
TTM14020Ceasing to be a qualifying company or group
TTM14030Ceasing to qualify, but remaining in tonnage tax group (not an exit)
TTM14040Operation of the merger provisions - voluntary exit
TTM14050Operation of the merger provisions - forced exit
TTM14060Exclusion for failing to meet 75% test on charters-in
TTM14070Exclusion for tax avoidance

Effects of exiting regime

TTM14100Effects of exiting regime
TTM14110Ten year disqualification
TTM14120Reasons relating wholly or mainly to tax
TTM14200Exit charge - General
TTM14210Exit charge - Chargeable gains
TTM14220Exit charge - Balancing charges
TTM14230Exit charge - If a company leaves Tonnage Tax more than once



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