TTM08000 - Chargeable Gains: contents

Introduction

This section explains how capital gains and losses made by tonnage tax companies are treated. It also explains the rules on roll over relief for tonnage tax companies.

Outline

1. TTM08001

   Outline
2. TTM08010

   Treatment of gains and losses
3. TTM08020

   Treatment of gains and losses - Capital losses

Tonnage tax assets

1. TTM08100

   Meaning of tonnage tax asset
2. TTM08110

   Asset used by another company
3. TTM08120

   Asset which is not tonnage tax asset

Time apportionment

1. TTM08200

   Time apportionment
2. TTM08210

   Computation
3. TTM08220

   Disposals by non-tonnage tax companies
4. TTM08230

   Example

Roll-over relief

1. TTM08300

   Roll-over relief - introduction
2. TTM08310

   New asset is a tonnage tax asset
3. TTM08320

   Non-depreciating asset becomes a tonnage tax asset
4. TTM08330

   Depreciating asset becomes a tonnage tax asset