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HMRC internal manual

Tonnage Tax Manual

Schedule 22 Finance Act 2000: Part XIII partnerships - Para 133 ships owned by or chartered to partners


The regulations may provide that a ship which is not partnership property but which-

(a) is owned by or chartered to a member (or two or more members) of a partnership, and

(b) is a ship in relation to which activities of the partnership business are carried on,

shall be treated as if it were owned by or chartered to every member of the partnership and as if everything done by or to any of the partners in relation to it had been done by or to all the partners.


SI00/2303/REG11 ships chartered to partners TTM18011
75 per cent limit on chartering-in to partner TTM13140