TTM06010 | Relevant shipping profits: Outline

Meaning of 'relevant shipping profits'

A company’s ‘relevant shipping profits’ consist of

• its ‘relevant shipping income’ (see TTM06020 onwards), and

• any chargeable gains which would arise under the normal chargeable gains rules, but which are excluded from the charge to tax by the provisions of FA00/SCH22/PART8, see TTM08001 onwards.

References