TTM06020 - Relevant shipping profits: Relevant shipping income: Outline
Relevant shipping income
As explained in TTM06010, a company’s ‘relevant shipping income’ will form part of its ‘relevant shipping profits’.
Its ‘relevant shipping income’ consists of:
- its income from ‘tonnage tax activities’, see TTM06030,
- certain distributions from qualifying overseas shipping companies, see TTM06400, and
- certain interest, see TTM06510 but subject to the general exclusion of investment income, see TTM06500.
References
| FA00/SCH22/PARA44 (2) (relevant shipping income) | TTM17261 |
| FA00/SCH22/PARA45 (tonnage tax activities) | TTM17266 |
| FA00/SCH22/PARA49 (overseas shipping companies) | TTM17286 |
| FA00/SCH22/PARA50 (certain interest etc) | TTM17291 |
| FA00/SCH22/PARA51 (exclusion of investment income) | TTM17296 |
| Prior year adjustments | TTM06040 |