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HMRC internal manual

Tonnage Tax Manual

HM Revenue & Customs
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Partnerships: Operation of ships

The partnership is treated as operating any ship that it does not own or charter-in if that ship is owned by, or chartered to, one or more of the partners and provided to the partnership for use in its tonnage tax activities.

This applies even in the absence of a formal charter agreement between the relevant partner(s) and the partnership.


SI00/2303/REG9(2) (operation of ships by corporate partner) TTM18009
No double counting TTM13110
Bareboat charter-out TTM13120
Strategic and commercial management TTM13130
75 per cent limit on chartering-in TTM13140