SCHEDULES

SCHEDULE 22 U.K. Tonnage tax

Part XI U.K. Special rules for offshore activities

Chargeable gains from assets used for offshore activities U.K.

109 U.K. A period during which an asset is used for the purposes of offshore activities is treated for the purposes of paragraph 65 (chargeable gains on disposal of tonnage tax asset) as if it were a period during which the asset was not a tonnage tax asset.