Partnerships: Operation of ships
No double counting
If a tonnage tax company is a member of a partnership and provides a ship to the partnership for its use (by means of a formal charter or otherwise), both the tonnage tax company and the partnership are treated as operating the ship (see TTM13100).
However, the ship should only be counted in one computation of tonnage tax profits – that of the partnership.
|SI00/2303/REG10 (3) (rules for counting tonnage tax profit)||TTM18010|
|Operation of ships||TTM13100|