This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Tonnage Tax Manual

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