TTM06030 - Relevant shipping profits: Outline
Tonnage tax activities
As explained in TTM06010, a company바카라 사이트™s income from its 바카라 사이트˜tonnage tax activities바카라 사이트™ will form part of its 바카라 사이트˜relevant shipping profits바카라 사이트™.
Its 바카라 사이트˜tonnage tax activities바카라 사이트™ will consist of
Ìý
- its 바카라 사이트˜core qualifying activities바카라 사이트™, see TTM06050,
- its 바카라 사이트˜qualifying secondary activities바카라 사이트™, to the extent that they do not exceed the permitted levels, see TTM06100, and
- its 바카라 사이트˜qualifying incidental activities바카라 사이트™, see TTM06200.
The income from these activities will include all the income that is normally treated as trading income including, for example, exchange gains.
For companies that manage (but do not operate) ships, their tonnage tax activities are the same as they would be for companies which operate (and manage) ships.
References
| FA00/SCH22/PARA45 (tonnage tax activities) | TTM17266 |
| Prior year adjustments | TTM06040 |