Part 2 Defined Expressions
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| accounting period | [Chapter 2 of Part 2 of CTA 2009]1 |
| additional VAT liability | section 547(1) |
| additional VAT rebate | section 547(2) |
| adjusted net cost (in Chapter 7 of Part 3) | section 323 |
| adjusted net cost (in Chapter 6 of Part 10) | section 522 |
| agricultural building | section 361(2)(a) |
| [AIA qualifying expenditure]2 | [section 38A]2 |
| [applicable CO2 emissions figure (in Part 2)]3 | [section 268C]3 |
| approved body (in Part 10) | section 492 |
| assured tenancy | section 490(3) |
| available qualifying expenditure (in Part 2) | section 57 |
| available qualifying expenditure (in Part 7) | section 459 |
| available qualifying expenditure (in Part 8) | section 473 |
| balancing adjustment (in Part 3) | section 314 |
| [balancing adjustment (in Part 3A)]4 | [section 360M]4 |
| balancing adjustment (in Part 4) | section 380 |
| [balancing adjustment (in Part 4A)]5 | [section 393M5 |
| balancing adjustment (in Part 10) | section 513 |
| balancing event (in Part 3) | section 315 |
| [balancing event (in Part 3A)]4 | [section 360N]4 |
| balancing event (in Part 4) | section 381 |
| [balancing event (in Part 4A)]5 | [section 393N]5 |
| balancing event (in Part 10) | section 514 |
| body of persons | [section 989 of ITA 2007 and]6 section 832(1) of ICTA |
| ...7 | ...7 |
| building (in Part 3 — includes structure) | section 271(1) |
| capital expenditure | section 4 (and (in Chapter 2 of Part 1) section 10(1) |
| capital sum | section 4 |
| car (in Part 2) | [section 268A]8 |
| [the charge to corporation tax on income]9 | [section 2(3) of CTA 2009 (as applied by section 834(1) of ICTA)]9 |
| chargeable period | section 6 |
| commercial building (in Part 3, in relation to qualifying enterprise zone expenditure) | section 281 |
| connected persons (general meaning) | [section 575]10 |
| connected persons (special extended meaning for certain purposes) | sections 156, 232, 246(2) and 266(5) |
| control | section 574 |
| the Corporation Tax Acts | section 831(1) of ICTA |
| developer, carrying on a trade as (in Chapter 4 of Part 3) | section 293 |
| development and development order (in Part 5) | section 436 |
| disposal event (in Part 2) | [thisact[60][section 60]](2) |
| disposal event (in Chapter 3 of Part 6) | section 443(7) |
| disposal receipt (in Part 2) | section 60 |
| disposal receipt (in Part 5) | section 420 |
| disposal receipt (in Chapter 3 of Part 8) | section 476(1) |
| dredging | section 484(3), (4) |
| dual resident investing company | section 577(1) and section 404 of ICTA |
| [dwelling (in Part 4A)]5 | [section 393A(4)]5 |
| dwelling-house | section 531(1) |
| [electrically-propelled (in Part 2)]3 | [section 268B]3 |
| enterprise zone (in Part 3) | section 298(3) |
| expenditure on the construction of a building (in Part 3) | section 272 |
| expenditure on the construction of a building (in Part 4) | section 363 |
| expenditure on the construction of a building (in Part 10) | section 493 |
| final chargeable period (in Part 2) | section 65 |
| final chargeable period (in Part 7) | section 457(5) |
| final chargeable period (in Part 8) | section 471(5) and (6) |
| first-year qualifying expenditure | Chapter 4 of Part 2 |
| fixture (in Part 2) | section 173(1) |
| [flat (in Part 4A)]5 | [section 393A(3)]5 |
| four-year cut-off (in Chapter 9 of Part 2) | section 86(3) |
| furnished holiday lettings business (in Part 2) | section 17 |
| general development order (in Part 5) | section 436 |
| highway concession (in Chapter 9 of Part 3) | section 341(4) |
| [hire car for a disabled person (in Part 2)]3 | [section 268D]3 |
| husbandry (in Part 4) | section 362 |
| income from patents (in Part 8) | section 483 (and paragraph 101(5) of Schedule 3 |
| industrial building | section 271(2) and Chapter 2 of Part 3 |
| ...11 | ...11 |
| interest in an oil licence (in Chapter 3 of Part 12) | section 552(4) |
| investment company | section 130 of ICTA |
| investment asset (in relation to life assurance business) | section 545(2) |
| know-how (in Part 7) | section 452(2) |
| lease and related expressions (in Part 3) | section 360 |
| [lease and related expressions (in Part 3A)]4 | [section 360Z4]4 |
| lease and related expressions (in Part 4) | section 393 |
| [lease and related expressions (in Part 4A)]5 | [section 393W]5 |
| lease and related expressions (in Part 10) | section 531 |
| life assurance business | section 544(5) and section 431(2) of ICTA |
| long-life asset (in Chapter 10 of Part 2) | section 91 |
| long-life asset expenditure (in ...12 Part 2) | section 90 |
| market value | section 577(1) |
| mineral asset (in Part 5) | section 397 |
| mineral exploration and access (in Part 5) | section 396 |
| mineral extraction trade (in Part 5) | section 394(2) |
| mineral deposits (in Part 5) | section 394(3) |
| [motor cycle (in Part 2)]3 | [section 268A]3 |
| normal time limit for amending a tax return | section 577(1) |
| notice | section 577(1) |
| [offshore installation (except in Chapter 13 of Part 2)]13 | [[section 1001 and 1002 of ITA 2007 and]14 section 837C of ICTA]13 |
| oil (in Chapter 3 of Part 12) | section 556(3) |
| oil licence (in Chapter 3 of Part 12) | section 552(1) |
| ordinary [property]15 business | section 16 |
| overseas property business | [Chapter 2 of Part 3 of ITTOIA 2005 (as applied by section 989 of ITA 2007) and Chapter 2 of Part 4 of CTA 2009 (as applied by section 834B of ICTA)]16 |
| partial depreciation subsidy | section 209 |
| patent rights (in Part 8) | section 464(2) |
| planning permission (in Part 5) | section 436 |
| proceeds from a balancing event (in Part 3) | section 316 |
| [proceeds from a balancing event (in Part 3A)]4 | [section 360O]4 |
| proceeds from a balancing event (in Part 4) | section 383 |
| [proceeds from a balancing event (in Part 4A)]5 | [section 393O]5 |
| proceeds from a balancing event (in Part 10) | section 515 |
| property business | section 577(1) |
| public body (in Chapter 1 of Part 11) | section 532(2) |
| qualifying activity (in Part 2) | Chapter 2 of Part 2 |
| [qualifying building (in Part 3A)]4 | [section 360C]4 |
| [qualifying building (in Part 4A)]5 | [section 393C]5 |
| [qualifying business premises (in Part 3A)]4 | [section 360D]4 |
| qualifying dwelling-house (in Part 10) | section 490(2) and Chapter 4 of Part 10 |
| [qualifying emissions certificate (in Part 2)]3 | [section 268C]3 |
| qualifying enterprise zone expenditure (in Part 3) | sections 299 to 304 |
| [qualifying expenditure (in Part 3A)]4 | [section 360B]4 |
| qualifying expenditure attributable to a dwelling-house (in Part 10) | section 511 |
| [qualifying flat (in Part 4A)]5 | [section 393D]5 |
| qualifying hire car (in Part 2) | section 82 |
| qualifying hotel (in Part 3) | section 279 |
| qualifying non-trade expenditure (in Part 8) | section 469 |
| qualifying trade expenditure (in Part 8) | section 468 |
| qualifying trade (in Part 3) | section 274 |
| qualifying trade (in Part 9) | section 484(2) |
| related agricultural land (in Part 4) | section 361(2)(b) |
| relevant interest (in Part 3) | Chapter 3 of Part 3 |
| [relevant interest (in Part 3A)]4 | [Chapter 4 of Part 3A]4 |
| relevant interest (in Part 4) | Chapter 2 of Part 4 |
| [relevant interest (in Part 4A)]5 | [Chapter 4 of Part 4A]5 |
| relevant interest (in Part 10) | Chapter 2 of Part 10 |
| relevant trade (in Part 6) | section 439(3) |
| research and development | section [437(2) and (3)]17 |
| residue of qualifying expenditure (in Part 3) | section 313 |
| residue of qualifying expenditure (in Part 4) | section 386 |
| [residue of qualifying expenditure (in Part 4A)]5 | [section 393L]5 |
| residue of qualifying expenditure attributable to a dwelling-house (in Part 10) | section 512 |
| [residue of qualifying expenditure (in Part 3A)]4 | [section 360K]4 |
| ring fence trade (in Chapter 13 of Part 2) | section 162(2) |
| sale | section 572(1) to (3) |
| sale, time of | section 572(4) |
| sale, transfers under Parts 3[, 3A]18, 4[, 4A]19 and 10 treated as | section 573 |
| sale, treated as occurring on successions, for purposes of Parts other than Parts 2, 6 and 10 | section 559 |
| ...20 | ...20 |
| short-life asset (in Part 2) | section 83 |
| source of mineral deposits (in Part 5) | section 394(5) |
| special leasing (in Part 2) | section 19 |
| tax | section 832(3) of ICTA |
| the Tax Acts | Schedule 1 to the Interpretation Act 1978 and section 831 of ICTA |
| tax advantage | section 577(4) |
| tax return | section 3(3) |
| tax year | [section 4(2) of ITA 2007 (as applied by section 989 of that Act)]21 |
| UK oil licence | section 552(2) |
| [UK property business]22 | [...23 Chapter 2 of Part 3 of ITTOIA 2005 [(as applied by section 989 of ITA 2007)]24 [and Chapter 2 of Part 4 of CTA 2009 (as applied by section 834B of ICTA)]25 ]22 |
| United Kingdom | [section 1013 of ITA 2007 and section 830(1) of ICTA]26 |
| unrelieved qualifying expenditure (in Part 2) | section 59 |
| unrelieved qualifying expenditure (in Part 5) | section 419 |
| unrelieved qualifying expenditure (in Part 7) | section 461 |
| unrelieved qualifying expenditure (in Part 8) | section 475 |
| within the charge to tax | [section 1009 of ITA 2007 and]27 section 832(1) of ICTA |
| writing-down period (in Part 4) | section 372(2) |
| writing-down period (in Part 9) | section 487(2) |
Amendments
1 Substituted by Corporation Tax Act 2009 section 1322 and Schedule 1 para 522(3)(a)for 2009-10 and later tax years (for income tax and capital gains tax purposes), and for accounting periods ending on or after 1 April 2009 (for corporation tax purposes).
2 Inserted by Finance Act 2008 section 74 and Schedule 24 para 15 in relation to expenditure incurred on or after 6 April 2008 for income tax purposes, and 1 April 2008 for corporation tax purposes.
3 Inserted by Finance Act 2009 section 30 and Schedule 11 para 23(3) in relation to expenditure incurred on or after 6 April 2008 for income tax purposes, and 1 April 2008 for corporation tax purposes.
4 Inserted by Finance Act 2005 section 92 and Schedule 6 para 11(2) in relation to expenditure incurred on or after 11 April 2007.
5 Inserted by Finance Act 2001 section 67 and Schedule 19 Part 2 para 8(2) in relation to expenditure incurred on or after 11 May 2001.
6 Inserted by Income Tax Act 2007 section 1027 and Schedule 1 para 413(3)(a) from 6 April 2007.
7 The entry for “the Board of Inland Revenue” ceased to have effect by Commissioners for Revenue and Customs Act 2005 section 50(6) and Schedule 4 para 86 and repealed by section 52 and Schedule 5 from 18 April 2005.
8 Substituted by Finance Act 2009 section 30 and Schedule 11 para 23(2) in relation to expenditure incurred on or after 6 April 2009 for income tax purposes, and 1 April 2009 for corporation tax purposes.
9 Inserted by Corporation Tax Act 2009 section 1322 and Schedule 1 para 522(3)(b) for 2009-10 and later tax years (for income tax and capital gains tax purposes), and for accounting periods ending on or after 1 April 2009 (for corporation tax purposes).
10 Substituted by Income Tax Act 2007 section 1027 and Schedule 1 para 413(3)(b) from 6 April 2007.
11 Entry relating to “the Inland Revenue” ceased to have effect by Commissioners for Revenue and Customs Act 2005 section 50(6) and Schedule 4 para 86 and repealed by section 52 and Schedule 5 from 18 April 2005.
12 The words “Chapter 10 of” repealed by Finance Act 2003 section 216 and Schedule 43 Part 3(9) in relation to expenditure incurred on or after 1 April 2003.
13 Inserted by Finance Act 2004 section 146 and Schedule 27 para 10, as respects allowances and charges falling to be made for chargeable periods ending on or after 6 April 2004 for income tax purposes and 1 April 2004 for corporation tax purposes.
14 Inserted by Income Tax Act 2007 section 1027 and Schedule 1 para 413(3)(b) from 6 April 2007.
15 Substituted for the words “Schedule A” by Income Tax (Trading and Other Income) Act 2005 section 882(1) and Schedule 1 para 574(3) for 2005-06 and later tax years (for income tax purposes), and for accounting periods ending on or after 5 April 2005 (for corporation tax purposes).
16 Substituted by Corporation Tax Act 2009 section 1322 and Schedule 1 para 522(3)(c) for 2009-10 and later tax years (for income tax and capital gains tax purposes), and for accounting periods ending on or after 1 April 2009 (for corporation tax purposes).
17 Substituted for the words “437(2) and section 837A of ICTA” by Income Tax Act 2007 section 1027 and Schedule 1 para 413(3)(e) from 6 April 2007.
18 Inserted by Finance Act 2005 section 92 and Schedule 6 para 11(3) in relation to expenditure incurred on or after 11 April 2007.
19 Inserted by Finance Act 2001 section 67 and Schedule 19 Part 2 para 8(3) in relation to expenditure incurred on or after 11 May 2001.
20 Entry relating to “Schedule A business” omitted by Corporation Tax Act 2009 section 1322 and Schedule 1 para 522(3)(d) and repealed by section 1326 and Schedule 3 Part 1 for 2009-10 and later tax years (for income tax and capital gains tax purposes), and for accounting periods ending on or after 1 April 2009 (for corporation tax purposes).
21 Substituted by Income Tax Act 2007 section 1027 and Schedule 1 para 413(3)(g) from 6 April 2007.
22 Inserted by Income Tax (Trading and Other Income) Act 2005 section 882(1) and Schedule 1 para 574(3) for 2005-06 and later tax years (for income tax purposes), and for accounting periods ending on or after 5 April 2005 (for corporation tax purposes).
23 Omitted by Income Tax Act 2007 section 1027 and Schedule 1 para 413(3)(h) and repealed by section 1031 and Schedule 3 Part 1 from 6 April 2007.
24 Inserted by Income Tax Act 2007 section 1027 and Schedule 1 para 413(3)(h) from 6 April 2007.
25 Inserted by Corporation Tax Act 2009 section 1322 and Schedule 1 para 522(3)(e) for 2009-10 and later tax years (for income tax and capital gains tax purposes), and for accounting periods ending on or after 1 April 2009 (for corporation tax purposes).
26 Substituted by Income Tax Act 2007 section 1027 and Schedule 1 para 413(3)(i) from 6 April 2007.
27 Inserted by Income Tax Act 2007 section 1027 and Schedule 1 para 413(3)(j) from 6 April 2007.
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