TTM06020 | Relevant shipping profits: Relevant shipping income: Outline

Relevant shipping income

As explained in TTM06010, a company’s ‘relevant shipping income’ will form part of its ‘relevant shipping profits’.

Its ‘relevant shipping income’ consists of:

• its income from ‘tonnage tax activities’, see TTM06030,

• certain distributions from qualifying overseas shipping companies, see TTM06400, and

• certain interest, see TTM06510 but subject to the general exclusion of investment income, see TTM06500.

References