https://www.taxtmi.com/acts?id=3252 Computation of tonnage income for qualifying ship operators excludes certain reliefs: ordinary business allowances are to be treated as fully given effect for each relevant year, ship business losses incurred under the tonnage tax scheme cannot be carried forward or set off, Chapter VI A deductions are disallowed for ship profits, and written down value for depreciation is computed as if prior years' depreciation had been claimed and allowed. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 24 Jun 2025 11:24:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3252 Computation of tonnage income for qualifying ship operators excludes certain reliefs: ordinary business allowances are to be treated as fully given effect for each relevant year, ship business losses incurred under the tonnage tax scheme cannot be carried forward or set off, Chapter VI A deductions are disallowed for ship profits, and written down value for depreciation is computed as if prior years' depreciation had been claimed and allowed. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3252