{
  "url": "https://openlegislation.uk/tonnage-tax-regulations-2000/regulation-12",
  "json_url": "https://openlegislation.uk/tonnage-tax-regulations-2000/regulation-12.json",
  "legislation": "uksi/2000/2303",
  "legislation_title": "The Tonnage Tax Regulations 2000",
  "legislation_url": "https://openlegislation.uk/tonnage-tax-regulations-2000",
  "path": "regulation/12",
  "kind": "regulation",
  "number": "12",
  "heading": "Chargeable gains: use of assets by partnerships which include corporate partners",
  "text": "Where—\n(a) an asset has been used wholly and exclusively for the purposes of activities of a partnership which are (or would be, if the partnership were a tonnage tax company) tonnage tax activities;\n(b) throughout the period of use of the asset as mentioned in sub-paragraph (a), there was a corporate partner member of the partnership which was also a tonnage tax company; and\n(c) the asset is disposed of by that corporate partner, or by another member of a group of which that corporate partner is a member,\nreferences in paragraph 65(1) and (3) of Schedule 22 to a tonnage tax asset, or to any time at which or period during which an asset was a tonnage tax asset, shall respectively include references to the asset and period mentioned in this regulation, and references to a period during which an asset was not a tonnage tax asset shall be construed accordingly.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2000/2303/regulation/12",
    "retrieved_at": "2026-10-29T08:34:41.862809+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."
}