Tonnage tax groups: Merger
Between tonnage tax groups or companies
A merger between two tonnage tax companies or groups will always result in a new tonnage tax group. There will be a deemed election expiring:
- If there is a dominant party, when that party’s tonnage tax election would have expired; or
- If there is no dominant party, when whichever of the existing tonnage tax elections which had the longest period left to run would have expired.
|FA00/SCH22/PARA122 (merger between TT groups/companies)||TTM17686|
|FA00/SCH22/PARA126 (meaning of ‘dominant party’)||TTM17706|