TTM12330 - Tonnage tax groups: Merger
Merger: Between tonnage tax and non-qualifying groups or companies
A merger between a tonnage tax company or group (T) and a non-qualifying company or group (NQ) will always result in a new tonnage tax group, with T’s election continuing to apply to the new group.
References
| FA00/SCH22/PARA124 (merger between T and NQ) | TTM17696 |
| FA00/SCH22/PARA126 (meaning of ‘dominant party’) | TTM17706 |
| Definitions of T and NQ | TTM12300 |