# Finance Act 2000, Paragraph 124


(1) This paragraph applies where there is a merger between a tonnage tax group or company (“T”) and a non-qualifying group or company.
(2) In that case the group resulting from the merger is a tonnage tax group by virtue of T’s election.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/124 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-22/paragraph-124
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.