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

TTM18001Regulation 1Citation and commencement
TTM18002Regulation 2Interpretation
TTM18003Regulation 3Qualifying secondary activities
TTM18004Regulation 4Plant and machinery other than expensive motor cars and long life assets – writing down basis
TTM18005Regulation 5Expensive motor cars – writing down basis
TTM18006Regulation 6Long-life assets – writing down basis
TTM18007Regulation 7Plant and machinery used for the purposes of the company’s offshore activities – writing-down basis
TTM18008Regulation 8Adjustments to be made for capital allowance purposes to the amount of qualifying expenditure for assets where a corporate partner leaves tonnage tax
TTM18009Regulation 9Corporate partners - modifications of the requirements for being a qualifying company (with supplementary provision relating to finance leases)
TTM18010Regulation 10Corporate partners - modifications of the requirements for being a qualifying company (with supplementary provision relating to finance leases)
TTM18011Regulation 11Ships chartered to partners - further provision relating to chartering in
TTM18012Regulation 12Chargeable gains: use of assets by partnerships which include corporate partners
TTM18013Regulation 13Transactions not at arm’s length between a partnership (where a corporate partner is a tonnage tax company) and another partner
TTM18100

EXPLANATORY NOTE



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