TTM06010 - Relevant shipping profits: Outline

Meaning of ‘relevant shipping profits’

A company’s ‘relevant shipping profits’ consist of
 

• its ‘relevant shipping income’ (see TTM06020onwards), and
• any chargeable gains which would arise under the normal CGT rules, but which are excluded from the charge to tax by the provisions of FA00/SCH22/PART8 (see TTM08001onwards).

References

FA00/SCH22/PARA44 (relevant shipping profits)	TTM17261
FA00/SCH22/PARA64 (chargeable gains: tonnage tax assets)	TTM17361