TTM06010 - Relevant shipping profits: Outline
Meaning of 'relevant shipping profits'
A company’s ‘relevant shipping profits’ consist of
- its ‘relevant shipping income’ (see TTM06020 onwards), and
- any chargeable gains which would arise under the normal chargeable gains rules, but which are excluded from the charge to tax by the provisions of FA00/SCH22/PART8, see TTM08001 onwards.
References
FA00/SCH22/PARA44 (relevant shipping profits) | TTM17261 |
FA00/SCH22/PARA64 (chargeable gains: tonnage tax assets) | TTM17361 |