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HMRC internal manual

Tonnage Tax Manual

Schedule 22 Finance Act 2000: Part XI offshore activities - Para 109 chargeable gains from assets used for offshore activities


A period during which an asset is used for the purposes of offshore activities is treated for the purposes of paragraph 65 (chargeable gains on disposal of tonnage tax asset) as if it were a period during which the asset was not a tonnage tax asset.


Offshore profits: Chargeable gains TTM11250