TTM11000 - Offshore activities: contents

Introduction

This section details the treatment for offshore activities. It explains why there is different treatment for these profits, what is meant by the term “offshore activities” and how the rules apply to particular types of vessel. It also explains how offshore profits are computed.

Outline

1. TTM11001

   Outline of special provisions for offshore activities
2. TTM11010

   Meaning of ‘offshore activities’

Types of vessel

1. TTM11100

   Different types of vessel and their treatment
2. TTM11110

   Vessels to which special rules apply
3. TTM11120

   Vessels to which special rules do not apply
4. TTM11125

   Offshore activities following Finance Act 2005
5. TTM11126

   Offshore activities following Finance Act 2005: The special rules
6. TTM11130

   Vessels outside tonnage tax
7. TTM11140

   De minimis activity ignored
8. TTM11150

   Periods of inactivity

Offshore profits

1. TTM11200

   Outline of offshore profits
2. TTM11210

   Computational rules
3. TTM11220

   Example computations of offshore profits
4. TTM11230

   Pre-commencement losses
5. TTM11240

   Pre-commencement losses - Example
6. TTM11250

   Chargeable gains

Capital allowances

1. TTM11300

   Outline of capital allowance code for offshore activities
2. TTM11310

   Assets held before entry
3. TTM11320

   Assets acquired after entry
4. TTM11330

   Proportional reduction of allowances
5. TTM11340

   Example

Allowance for training costs

1. TTM11400

   Allowance for training costs - Overview
2. TTM11410

   Allowance for training costs - Computational procedure
3. TTM11420

   Allowance for training costs - Example