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HMRC internal manual

Tonnage Tax Manual

From
HM Revenue & Customs
Updated
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Tonnage tax groups: Demerger

Meaning

FA00/SCH22/PARA121 (1) defines ‘demerger’ as a transaction by which one or more companies cease to be members of a group.

References

FA00/SCH22/PARA121 (meaning of demerger) TTM17681
   
Effect of demerger TTM12410