https://www.taxtmi.com/acts?id=3253 Pre-option losses attributable to the tonnage tax business are to be treated as if set off against relevant shipping income in any previous year while the company remains under the tonnage tax scheme; such losses may not be set off against non-shipping income in any year beginning on or after the company's option, and any apportionment to identify such losses must be made on a reasonable basis. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 24 Jun 2025 11:26:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3253 Pre-option losses attributable to the tonnage tax business are to be treated as if set off against relevant shipping income in any previous year while the company remains under the tonnage tax scheme; such losses may not be set off against non-shipping income in any year beginning on or after the company's option, and any apportionment to identify such losses must be made on a reasonable basis. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3253