TTM17266 - Schedule 22 Finance Act 2000: Part VI relevant shipping profits - Para 45 Tonnage Tax activities

FA00/SCH22/PARA45

(1) References in this Schedule to the “tonnage tax activities” of a tonnage tax company are to-

(a) its core qualifying activities (see paragraph 46),

(b) its qualifying secondary activities to the extent that they do not exceed the permitted level (see paragraph 47), and

(c) its qualifying incidental activities (see paragraph 48).

(2) Sub-paragraph (1) has effect subject to paragraph 51(2) (exclusion of activities giving rise to investment income).

References

Tonnage Tax activities	TTM06030