There are currently no known outstanding effects for the Finance Act 2000, Paragraph 50.
50(1)Income to which this paragraph applies is relevant shipping income only to the extent that it would apart from this Schedule fall to be taken into account as trading income from a trade consisting of the company’s tonnage tax activities.U.K.
(2)This paragraph applies to—
(a)anything giving rise to a credit that would fall to be brought into account for the purposes of [F1Part 5 of the Corporation Tax Act 2009] (loan relationships); [F2and]
F3(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(c)any credit falling to be brought into account [F4in accordance with Part 7 of the Corporation Tax Act 2009 (derivative contracts)].
Textual Amendments
F1Words in Sch. 22 para. 50(2)(a) substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 470(2)(a) (with Sch. 2 Pts. 1, 2)
F2Word in Sch. 22 para. 50(2)(a) inserted (24.7.2002 with effect as mentioned in s. 79(3) of the amending Act) by 2002 c. 23, s. 79, Sch. 23 Pt. 2 para. 23(2)
F3Sch. 22 para. 50(2)(b) repealed (24.7.2002 with effect as mentioned in s. 79(3) of the amending Act) by 2002 c. 23, s. 79, Sch. 40 Pt. 3(10) Note
F4Words in Sch. 22 para. 50(2)(c) substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 470(2)(b) (with Sch. 2 Pts. 1, 2)
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