TTM12310 | Tonnage tax groups: Merger

Between tonnage tax groups or companies

A merger between two tonnage tax companies or groups will always result in a new tonnage tax group. There will be a deemed election expiring:

• If there is a dominant party, when that party’s tonnage tax election would have expired; or

• If there is no dominant party, when whichever of the existing tonnage tax elections which had the longest period left to run would have expired.

References