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HMRC internal manual

Tonnage Tax Manual

From
HM Revenue & Customs
Updated
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Schedule 22 Finance Act 2000: Part IX the ring fence - capital allowances - Para 74 during - plant and machinery - asset beginning to be used for Tonnage Tax trade

FA00/SCH22/PARA74

A company’s tonnage tax pool is not increased by reason of an asset beginning to be used for the purposes of the company’s tonnage tax trade after the company’s entry into tonnage tax.

References

Expenditure on Tonnage Tax assets TTM09010