{
  "url": "https://openlegislation.uk/finance-act-2000/schedule-22/paragraph-51",
  "json_url": "https://openlegislation.uk/finance-act-2000/schedule-22/paragraph-51.json",
  "legislation": "ukpga/2000/17",
  "legislation_title": "Finance Act 2000",
  "legislation_url": "https://openlegislation.uk/finance-act-2000",
  "path": "schedule/22/paragraph/51",
  "kind": "paragraph",
  "number": "51",
  "heading": null,
  "text": "(1) Income from investments is not relevant shipping income.\n(2) To the extent that an activity gives rise to income from investments it is not regarded as part of a company’s tonnage tax activities.\n(3) For the purposes of this paragraph “income from investments” includes anything chargeable to tax under—\n(a) Part 4 of the Corporation Tax Act 2009 (property income),\n(b) section 299 of that Act (loan relationships: non-trading profits),\n(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(d) Chapter 7 of Part 10 of that Act (annual payments not otherwise charged) , or\n(e) regulation 15 of the Unauthorised Unit Trusts (Tax) Regulations 2013.\n(5) Sub-paragraph (1) above does not affect income that is relevant shipping income under—\nparagraph 49 (distributions of overseas shipping companies), or\nparagraph 50 (certain interest etc.).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 22 para. 51(3) substituted for Sch. 22 para. 51(3)(4) (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(3) (with Sch. 2 Pts. 1, 2)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Sch. 22 para. 51(3)(c) omitted (6.4.2014) by virtue of The Unauthorised Unit Trusts (Tax) Regulations 2013 (S.I. 2013/2819), regs. 1(3), 35(a) (with reg. 32)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in Sch. 22 para. 51(3)(d) substituted (6.4.2014) by The Unauthorised Unit Trusts (Tax) Regulations 2013 (S.I. 2013/2819), regs. 1(3), 35(b) (with reg. 32)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Sch. 22 para. 51(3)(e) and word inserted (6.4.2014) by The Unauthorised Unit Trusts (Tax) Regulations 2013 (S.I. 2013/2819), regs. 1(3), 35(c) (with reg. 32)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/51",
    "retrieved_at": "2026-10-29T09:21:00.128981+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}