TTM17696 - Schedule 22 Finance Act 2000: Part XII groups - Para 124 merger - Tonnage Tax group or company and non-qualifying group or company

FA00/SCH22/PARA124

(1) This paragraph applies where there is a merger between a tonnage tax group or company (“T”) and a non-qualifying group or company.

(2) In that case the group resulting from the merger is a tonnage tax group by virtue of T’s election.

References

Merger between T and NQ	TTM12330