TTM06000 - Relevant shipping profits: contents
Introduction
This section outlines the profits that are to be regarded as tonnage tax profits. The section gives guidance on activites, trading income, capital gains and distributions. It explains that the profits of some activities are wholly within tonnage tax but profits of some may be limited. It explains how these relevant shipping profits are replaced by tonnage tax profits of a tonnage tax company.
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TTM06100Qualifying Secondary Activities
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TTM06105Relevant shipping profits: Non qualifying secondary activities
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TTM06110Wholly qualifying secondary activities
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TTM06120Secondary activities qualifying up to set limits
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TTM06130Work carried out for third parties
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TTM06140Work carried out for third parties - Activities outside ring fence
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TTM06150Betting and gambling
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TTM06160Sale of luxury goods