Laws-309

115V Definitions 115VA Computation of profits and gains from the business of operating qualifying ships 115VB Operating ships 115VC Qualifying company 115VD Qualifying ship 115VE Manner of computation of income under tonnage tax scheme 115VF Tonnage income 115VG Computation of tonnage income 115VH Calculation in case of joint operation, etc. 115VI Relevant shipping income 115VJ Treatment of common costs 115VK Depreciation 115VL General exclusion of deduction and set off, etc. 115VM Exclusion of loss 115VN Chargeable gains from transfer of tonnage tax assets 115VO Exclusion from provisions of section 115JB 115VP Method and time of opting for tonnage tax scheme 115VQ Period for which tonnage tax option to remain in force 115VR Renewal of tonnage tax scheme 115VS Prohibition to opt for tonnage tax scheme in certain cases 115VT Transfer of profits to Tonnage Tax Reserve Account 115VU Minimum training requirement for tonnage tax company 115VV Limit for charter in of tonnage 115VW Maintenance and audit of accounts 115VX Determination of tonnage 115VY Amalgamation 115VZ Demerger 115VZA Effect of temporarily ceasing to operate qualifying ships 115VZB Avoidance of tax 115VZC Exclusion from tonnage tax scheme