Taxes Consolidation Act, 1997 (Number 39 of 1997)
This section has been deleted.
Deleted by FA03 s62(1)(b). Applies as on and from the date of the passing of this Act. FA03 28 March 2003
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697I Relevant shipping income: cargo and passengers.
(1) The conditions referred to in paragraphs (a) and (b) of the definition of “relevant shipping income” in section 697A are—
(a) that the income arises from the transport of passengers or cargo,
(b) that there is a single contract between the tonnage tax company and a customer for the transport of cargo or passengers which includes carriage by sea in a qualifying ship operated by the company, and
(c) that the transport for the remainder of the journey is purchased or obtained by the tonnage tax company by way of a bargain made at arm’s length such as would be made between persons who are not connected.
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