TTM17731 - Schedule 22 Finance Act 2000: Part XIII partnerships - Para 131 calculation of partnership profits
FA00/SCH22/PARA131
The regulations may provide that-
(a) for the purpose of calculating the profits of a partner which is a tonnage tax company, the profits of the partnership shall be calculated as if the partnership were a tonnage tax company, and
(b) for the purpose of calculating the profits of a partner which is not a tonnage tax company, the profits of the partnership shall be calculated as if the partnership were not a tonnage tax company.
References
| SI00/2303/REG10 (Tonnage Tax profit of partner) | TTM18010 |
| Computation of profit | TTM13020 |