Tonnage tax groups: Demerger
Where that group had elected for tonnage tax, any singleton qualifying company, or new group that contains a qualifying company, resulting from a demerger of the original tonnage tax group, remains a tonnage tax company or group. A deemed election continues in force and expires at the same time the original group election would have expired (paragraphs 127 and 128).
|FA00/SCH22/PARA121 (meaning of ‘demerger’)||TTM17681|
|FA00/SCH22/PARA127 (demerger of single company)||TTM17711|
|FA00/SCH22/PARA128 (demerger of group)||TTM17716|
|Meaning of demerger||TTM12400|