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Corporation Tax Act 2009

▸ Part 1 – Introduction
  • Section A1 – Overview of the Corporation Tax Acts
  • Section 1 – Overview of Act
▸ Part 2 – Charge to corporation tax: basic provisions
  • ▸ Chapter 1 – The charge to corporation tax
    • Charge to tax on profits
    • General scheme of corporation tax
  • ▸ Chapter 2 – Accounting periods
    • Section 9 – Beginning of accounting period
    • Section 10 – End of accounting period
    • Section 11 – Companies with more than one accounting date
    • Section 12 – Companies being wound up
  • ▸ Chapter 3 – Company residence
    • Section 13 – Overview of Chapter
    • Section 14 – Companies incorporated in the United Kingdom
    • Section 15 – Continuation of residence established under common law
    • Section 16 – SEs which transfer registered office to the United Kingdom
    • Section 17 – SCEs which transfer registered office to the United Kingdom
    • Section 18 – Companies treated as non-UK resident under double taxation arrangements
  • ▸ Chapter 3A – UK Resident companies: profits of foreign permanent establishments
    • Exemption
    • Anti-diversion rule
    • Companies with total opening negative amount
    • Special cases
    • Interpretation
  • ▸ Chapter 4 – Non-UK resident companies: chargeable profits
    • Chargeable profits
    • The separate enterprise principle
    • The separate enterprise principle: application to non-UK resident banks
    • Rules about deductions
  • ▸ Chapter 5 – Supplementary
    • Section 33 – Trade includes office
▸ Part 3 – Trading Income
  • ▸ Chapter 2 – Income taxed as trade profits
    • Charge to tax on trade profits
    • Trades and trade profits
    • Starting and ceasing to trade
    • Trading income and property income
  • ▸ Chapter 9 – Trade profits: other specific trades
    • Dealers in securities etc.
    • Insurers
    • Building societies
    • Registered societies
    • Credit unions
    • Banking companies
    • Dealers in land etc.
    • Mineral exploration and access
    • Companies liable to pool betting duty
    • Intermediaries treated as making employment payments
    • Managed service companies
    • Worker's services provided through intermediary to public authority or medium or large client
    • Waste disposal
    • Cemeteries and crematoria: interests in land
    • Crematoria: niches, memorials and inscriptions
    • Sound recordings
    • Reserves of marketing authorities etc.
  • ▸ Chapter 8A – Compensation for compulsory slaughter of animals
    • Section 127A – Application of Chapter 8A
    • Section 127B – Right to make claim
    • Section 127C – Book value
    • Section 127D – Effect of claim for spreading of profits
    • Section 127E – Adjustment: cessation of trading
    • Section 127F – Time limits etc. for spreading claim
    • Section 127G – Interpretation
  • ▸ Chapter 8 – Trade profits: herd basis rules
    • Introduction
    • The herd basis rules
    • Elections
    • Preventing abuse of the herd basis rules
    • Supplementary
  • ▸ Chapter 7 – Trade profits: gifts to charities etc.
    • Relief for certain gifts
    • Benefits associated with gifts
  • ▸ Chapter 6A – Trade profits: R&D expenditure credits
    • Claims for credits
    • SMEs: qualifying expenditure on sub-contracted R&D
    • SMEs: subsidised qualifying expenditure
    • SMEs: capped R&D expenditure
    • Large companies: qualifying R&D expenditure
    • Amount of credit
    • Payment of credit
    • Insurance companies
    • Group companies
    • Ineligible companies
    • Anti-avoidance
    • Interpretation
  • ▸ Chapter 6 – Trade profits: receipts
    • Capital receipts
    • Debts released
    • Amounts received following earlier cessation
    • Reverse premiums
    • Other receipts
  • ▸ Chapter 5 – Trade Profits: Rules Allowing Deductions
    • Pre-trading expenses
    • Tenants under taxed leases
    • Payments for restrictive undertakings
    • Seconded employees
    • Contributions to agents' expenses
    • Counselling and retraining expenses
    • Redundancy payments etc.
    • Contributions to local enterprise organisations or urban regeneration companies
    • Contributions to flood and coastal erosion risk management projects
    • Scientific research
    • Expenses connected with patents, designs and trade marks
    • Export Credits Guarantee Department
    • Levies under FISMA 2000
    • Limited liability partnerships: salaried members
  • ▸ Chapter 4 – Trade profits: rules restricting deductions
    • Section 53 – Capital expenditure
    • Section 54 – Expenses not wholly and exclusively for trade and unconnected losses
    • Section 55 – Bad debts
    • Section 56 – Car hire
    • Section 57 – Car hire: supplementary
    • Section 58 – Hiring cars (but not motor cycles) with low CO 2 emissions before 1 April 2013
    • Section 58A – Short-term hiring in and long-term hiring out
    • Section 58B – Connected persons: application of section 56
    • Section 59 – Patent royalties
    • Section 60 – Expenditure on integral features
    • Section 60A – Rental rebates
  • ▸ Chapter 3 – Trade profits: basic rules
    • Section 46 – Generally accepted accounting practice
    • Section 47 – Losses calculated on same basis as profits
    • Section 48 – Receipts and expenses
    • Section 49 – Items treated as receipts and expenses
    • Section 50 – Animals kept for trade purposes
    • Section 51 – Relationship between rules prohibiting and allowing deductions
    • Section 52 – Apportionment etc. of profits and losses to accounting period
    • Section 49A – Money’s worth
  • ▸ Chapter 1 – Introduction
    • Section 34 – Overview of Part
  • ▸ Chapter 10 – Trade Profits: Changes in Trading Stock
    • Introduction
    • Transfers of trading stock between trade and trader
    • Other disposals and acquisitions not made in the course of trade
    • Relationship with transfer pricing rules
  • ▸ Chapter 11 – Trade Profits: Valuation of Stock on Cessation of Trade
    • Section 162 – Valuation of trading stock on cessation
    • Section 163 – Meaning of "trading stock"
    • Section 164 – Basis of valuation of trading stock
    • Section 165 – Sale basis of valuation: sale to unconnected person
    • Section 166 – Sale basis of valuation: sale to connected person
    • Section 167 – Sale basis of valuation: election by connected persons
    • Section 168 – Connected persons
    • Section 169 – Cost to buyer of stock valued on sale basis of valuation
    • Section 170 – Meaning of "sale" and related expressions
    • Section 171 – Determination of questions
  • ▸ Chapter 12 – Deductions from profits: unremittable amounts
    • Section 172 – Application of Chapter
    • Section 173 – Relief for unremittable amounts
    • Section 174 – Restrictions on relief
    • Section 175 – Withdrawal of relief
  • ▸ Chapter 13 – Disposal and acquisition of know-how
    • Section 176 – Meaning of "know-how" etc
    • Section 177 – Disposal of know-how if trade continues to be carried on
    • Section 178 – Disposal of know-how as part of disposal of all or part of a trade
    • Section 179 – Seller controlled by buyer etc.
  • ▸ Chapter 14 – Adjustment on change of basis
    • Adjustment on change of basis
    • Expenses previously brought into account
    • Realising or writing off assets
    • Mark to market
  • ▸ Chapter 15 – Post-cessation receipts
    • Charge to tax on post-cessation receipts
    • Meaning of “post-cessation receipts”
    • Sums treated as post-cessation receipts
    • Sums that are not post-cessation receipts
    • Deductions
    • Election to carry back
  • ▸ Chapter 16 – Priority rules
    • Section 201 – Provisions which must be given priority over this Part
▸ Part 4 – Property income
  • ▸ Chapter 1 – Introduction
    • Section 202 – Overview of Part
  • ▸ Chapter 2 – Property businesses
    • Introduction
    • Basic meaning of UK and overseas property business
    • Generating income from land
  • ▸ Chapter 3 – Profits of property businesses: basic rules
    • Charge to tax on profits of a property business
    • Calculation of profits
  • ▸ Chapter 4 – Profits of property businesses: lease premiums etc.
    • Introduction
    • Amounts treated as receipts: leases
    • Other amounts treated as receipts
    • Additional calculation rule for reducing certain receipts
    • Deductions in relation to certain receipts
    • Limit on effect of additional calculation rule and deductions
    • Certain administrative provisions
    • Determinations affecting liability of more than one person
    • Effective duration of lease
    • Other interpretative provisions
  • ▸ Chapter 5 – Profits of property businesses: other rules about receipts and deductions
    • Furnished accommodation: receipts and deductions
    • Treatment of receipts on acquisition of business
    • Reverse premiums as receipts
    • Deduction for replacement of domestic items
    • Deductions for expenditure on energy-saving items
    • Deductions for expenditure on sea walls
    • Mineral royalties
    • Apportionments on sale of land
    • Mutual business
    • Adjustment on change of basis
    • Integral features
  • ▸ Chapter 6 – Commercial letting of furnished holiday accommodation
    • Introduction
    • Definition
    • Separate profit calculations
  • ▸ Chapter 7 – Rent receivable in connection with a UK section 39(4) concern
    • Charge to tax on rent receivable in connection with a UK section 39(4) concern
    • Management expenses of owner of mineral rights
    • Mineral royalties
  • ▸ Chapter 8 – Rent receivable for UK electric-line wayleaves
    • Charge to tax on rent receivable for UK electric-line wayleaves
  • ▸ Chapter 9 – Post-cessation receipts
    • Charge to tax on post-cessation receipts
    • Meaning of “post-cessation receipts”
    • Deductions
    • Election to carry back
  • ▸ Chapter 10 – Supplementary
    • Priority rules
    • Other supplementary provisions
▸ Part 5 – Loan Relationships
  • ▸ Chapter 2 – Basic definitions
    • Section 302 – "Loan relationship", "creditor relationship", "debtor relationship"
    • Section 303 – "Money debt"
    • Section 304 – "Related transaction"
    • Section 305 – Payments, interest, rights and liabilities under a loan relationship
  • ▸ Chapter 3 – The credits and debits to be brought into account: general
    • Introduction
    • Matters in respect of which amounts are to be brought into account
    • General principles about the bringing into account of credits and debits
    • Amounts recognised in determining a company's profit or loss
    • Accounting bases
    • Adjustments on change of accounting basis
    • Rules differing from generally accepted accounting practice
    • Exchange gains and losses
    • Pre-loan relationship, abortive and pre-trading expenses
    • Pre-commencement debits of property businesses etc. of non-UK resident companies
    • Company is not, or has ceased to be, party to loan relationship
    • Company ceasing to be party to loan relationship
    • Company moving abroad
  • ▸ Chapter 4 – Continuity of treatment on transfers within groups or on reorganisations
    • Application of this Chapter
    • Continuity of treatment: transfer of loan at notional carrying value
    • Transferee leaving group after replacing transferor as party to loan relationship
  • ▸ Chapter 5 – Connected companies relationships: introduction and general
    • Section 348 – Introduction: meaning of "connected companies relationship"
    • Section 349 – Application of amortised cost basis to connected companies relationships
    • Section 350 – Companies beginning to be connected
    • Section 351 – Companies ceasing to be connected
    • Section 352 – Disregard of related transactions
    • Section 352B – Eliminating tax mismatch for loan relationships with qualifying link
    • Section 352A – Exclusion of credits on reversal of disregarded loss
  • ▸ Chapter 6 – Connected companies relationships: impairment losses and releases of debts
    • Introduction
    • Exclusion of debits for impaired or released connected companies debts
    • Exclusion of credits for connected companies debts on release or reversal of impairments
    • Deemed debt releases on impaired debts becoming held by connected company
  • ▸ Chapter 7 – Group relief claims involving impaired or released consortium debts
    • Section 364 – Introduction to Chapter
    • Section 365 – Reduction of impairment loss debits where group relief claimed
    • Section 366 – Effect where credit for release brought into account on amortised cost basis
    • Section 367 – Reduction of credits exceeding impairment losses
    • Section 368 – Reduction of claims where there are earlier net consortium debits
    • Section 369 – Carry forward of claims where there are no net consortium debits
    • Section 370 – Group accounting periods
    • Section 371 – Interpretation
  • ▸ Chapter 8 – Connected parties relationships: late interest
    • Section 372 – Introduction to Chapter
    • Section 373 – Late interest treated as not accruing until paid in some cases
    • Section 374 – Connection between debtor and person standing in position of creditor
    • Section 375 – Loans to close companies by participators etc
    • Section 376 – Interpretation of section 375
    • Section 377 – Party to loan relationship having major interest in other party
    • Section 378 – Loans by trustees of occupational pension schemes
    • Section 379 – Persons indirectly standing in the position of creditor
  • ▸ Chapter 9 – Partnerships involving companies
    • Section 380 – Partnerships involving companies
    • Section 381 – Determinations of credits and debits by company partners: general
    • Section 382 – Company partners using fair value accounting
    • Section 383 – Lending between partners and the partnership
    • Section 384 – Treatment of exchange gains and losses
    • Section 385 – Company partners’ shares where firm owns deeply discounted securities
  • ▸ Chapter 1 – Introduction
    • Introduction
    • How profits and deficits from loan relationships are dealt with
  • ▸ Chapter 16A – Non-trading deficits: post 1 April 2017 deficits
    • Section 463A – Introduction to Chapter
    • Section 463B – Claim to set off deficit against profits of deficit period or earlier periods
    • Section 463C – Time limits for claims under section 463B(1)
    • Section 463D – Claim to set off deficit against profits for the deficit period
    • Section 463E – Claim to carry back deficit to earlier periods
    • Section 463F – Profits available for relief under section 463E
    • Section 463G – Carry forward of unrelieved deficit against total profits
    • Section 463H – Carry forward of unrelieved deficit against non-trading profits
    • Section 463I – Re-application of section 463G if any deficit remains after previous application
  • ▸ Chapter 18 – General and supplementary provisions
    • Changes in accounting standards
    • Tax-adjusted carrying value
    • Connections between persons
    • Meaning of “hedging relationship”
    • Meaning of “matched”
    • Meaning of “hybrid capital instrument”
    • Other general definitions
  • ▸ Chapter 17 – Priority rules
    • Section 464 – Priority of this Part for corporation tax purposes
    • Section 465 – Exclusion of distributions except in tax avoidance cases
  • ▸ Chapter 16 – Non-trading deficits
    • Section 456 – Introduction to Chapter
    • Section 457 – Basic rule for deficits: carry forward to accounting periods after deficit period
    • Section 458 – Claim to carry forward deficit to later accounting periods
    • Section 459 – Claim to set off deficit against profits of deficit period or earlier periods
    • Section 460 – Time limits and procedure for claims under section 459(1)
    • Section 461 – Claim to set off deficit against other profits for the deficit period
    • Section 462 – Claim to carry back deficit to earlier accounting periods
    • Section 463 – Profits available for relief under section 462
  • ▸ Chapter 15 – Tax avoidance
    • Introduction
    • Unallowable purposes and tax relief schemes
    • Transactions not at arm's length: general
    • Non-market loans
    • Transactions not at arm's length: exchange gains and losses
    • Transactions not at arm's length: exchange gains and losses
    • Tax advantages from resetting interest rates (“reset bonds”)
    • Disposals for consideration not fully recognised by accounting practice
    • Derecognition
    • Counteracting avoidance arrangements
  • ▸ Chapter 14 – European cross-border mergers
    • Introduction
    • Transfers of loan relationships at notional carrying value
    • Exception for tax avoidance cases
    • Transparent entities
    • Interpretation
  • ▸ Chapter 13 – European cross-border transfers of business
    • Introduction
    • Transfers of loan relationships at notional carrying value
    • Exception for tax avoidance cases
    • Transparent entities
    • Interpretation
  • ▸ Chapter 12 – Special rules for particular kinds of securities
    • Introduction
    • Index-linked gilt-edged securities
    • Other gilt-edged securities
    • Deeply discounted securities: connected companies and close companies
    • Funding bonds
    • Derivatives
    • Options etc.
    • Hybrid capital instruments
  • ▸ Chapter 11 – Other special kinds of company
    • Investment trusts' and venture capital trusts' creditor relationships
    • Credit unions
  • ▸ Chapter 10 – Insurance companies
    • Introduction
    • Treatment of deficit on basic life assurance and general annuity business
    • Exclusion of loan relationships of members of Lloyd's
▸ Part 6 – Relationships treated as loan relationships etc
  • ▸ Chapter 1 – Introduction
    • Section 477 – Overview of Part
  • ▸ Chapter 2 – Relevant non-lending relationships
    • Introduction: meaning of “relevant non-lending relationship” etc.
    • Application of Part 5 to relevant non-lending relationships
    • Meaning of “money debt” and “interest” in this Chapter
    • Exclusions
  • ▸ Chapter 2A – Disguised interest
    • Section 486A – Overview
    • Section 486B – Disguised interest to be regarded as profit from loan relationship
    • Section 486C – Exclusion where return otherwise taxable
    • Section 486D – Exclusion where arrangement has no tax avoidance purpose
    • Section 486E – Excluded shares
  • ▸ Chapter 2B – Transferred income streams
    • Section 486F – Introduction to Chapter
    • Section 486G – Consideration to be treated as loan relationship
  • ▸ Chapter 3 – OEICs, unit trusts and offshore funds
    • Introduction
    • Holdings in OEICs, unit trusts and offshore funds treated as creditor relationship rights
    • The qualifying investments test
    • Power to change investments that are qualifying investments
  • ▸ Chapter 4 – Building Societies
    • Section 498 – Building society dividends and interest
  • ▸ Chapter 5 – Industrial and provident societies
    • Section 499 – Industrial and provident society payments treated as interest under loan relationship
    • Section 500 – Exclusion of interest where failure to make return
  • ▸ Chapter 6 – Alternative finance arrangements
    • Introduction
    • Arrangements that are alternative finance arrangements
    • Treatment as loan relationships
    • Meaning of “alternative finance return”
    • Treatment for other tax purposes
    • Power to extend this Chapter to other arrangements
  • ▸ Chapter 7 – Shares with guaranteed returns etc
    • Application of Part 5 to certain shares as rights under creditor relationship
    • Shares subject to outstanding third party obligations
    • Non-qualifying shares
    • Consequences of section 523 applying or ceasing to apply
  • ▸ Chapter 8 – Returns from partnerships
    • Section 536 – Introduction to Chapter
    • Section 537 – Payments in return for capital contribution to partnership
    • Section 538 – Change of partnership shares
  • ▸ Chapter 9 – Manufactured interest etc
    • Section 539 – Introduction to Chapter
    • Section 540 – Manufactured interest treated as interest under loan relationship
    • Section 541 – Debits for deemed interest under stock lending arrangements disallowed
  • ▸ Chapter 10 – Repos
    • Introduction
    • Creditor repos and creditor quasi-repos
    • Debtor repos and debtor quasi-repos
    • General provisions
    • Interpretation (556-559)
  • ▸ Chapter 6A – Shares accounted for as liabilities
    • Section 521F – Shares becoming or ceasing to be shares to which section 521B applies
    • Section 521E – Unallowable purpose
    • Section 521D – Excepted shares
    • Section 521C – Shares accounted for as liabilities
    • Section 521B – Application of Part 5 to certain shares as rights under creditor relationship
    • Section 521A – Introduction to Chapter
  • ▸ Chapter 11 – Investment life insurance contracts
    • Introduction
    • Investment life assurance contracts treated as creditor relationships
    • Old accounting period contracts
▸ Part 7 – Derivative contracts
  • ▸ Chapter 1 – Introduction
    • Introduction
    • How profits and losses from derivative contracts are dealt with
  • ▸ Chapter 2 – Contracts to which this Part applies
    • Introduction
    • Meaning of “derivative contract” and other basic definitions
    • Cases where companies treated as parties to relevant contracts
    • Other contracts etc. treated as derivative contracts
    • Exclusions from derivative contracts
  • ▸ Chapter 3 – Credits and debits to be brought into account: general
    • Introduction
    • Matters in respect of which amounts are to be brought into account
    • General principles
    • Amounts recognised in determining a company's profit or loss
    • Application of fair value accounting
    • Rules differing from generally accepted accounting practice
    • Exchange gains and losses
    • Miscellaneous
  • ▸ Chapter 4 – Further provision about credits and debits to be brought into account
    • Introduction
    • Adjustments on change of accounting basis
    • Certain embedded derivatives
    • Partnerships involving companies
    • Miscellaneous
  • ▸ Chapter 5 – Continuity of treatment on transfers within groups
    • Introductory
    • Group member replacing another as party to derivative contract
    • Exceptions to section 625
    • Transferee leaving group after replacing transferor as party to derivative contract
  • ▸ Chapter 6 – Special kinds of company
    • Mutual trading companies
    • Insurance companies (634-636)
    • Investment and venture capital trusts (637-638)
  • ▸ Chapter 7 – Chargeable gains arising in relation to derivative contracts
    • Introduction
    • Some credits and debits not to be brought into account under Part 5
    • Some derivative contracts to be taxed on a chargeable gains basis
    • Derivative contracts to which sections 640 and 641 apply
    • Some credits and debits not to be brought into account under Part 3 or 5
    • Issuers of securities with embedded derivatives: deemed options
    • Issuers of securities with embedded derivatives: deemed contracts for differences
    • Interpretation
  • ▸ Chapter 8 – Further provision about chargeable gains and derivative contracts
    • Company ceasing to be party to certain contracts
    • Contracts ceasing to be derivative contracts
    • Carry back of net losses on certain derivative contracts
    • Issuers of securities with embedded derivatives: equity instruments
    • Treatment of shares acquired in certain circumstances
    • Treatment of net gains and losses on exercise of option
    • Treatment of net gains and losses on disposal of certain embedded derivatives
  • ▸ Chapter 9 – European cross-border transfers of business
    • Introduction
    • Transfers of derivative contracts at notional carrying value
    • Exception for tax avoidance cases and clearances
    • Transparent entities
    • Interpretation
  • ▸ Chapter 10 – European cross-border mergers
    • Introduction
    • Transfers of derivative contracts at notional carrying value
    • Exception for tax avoidance cases and clearances
    • Transparent entities
    • Interpretation
  • ▸ Chapter 11 – Tax avoidance
    • Introduction
    • Unallowable purposes
    • Transactions not at arm's length
    • Transactions with non-UK residents
    • Disposals for consideration not fully recognised by accounting practice
    • Derecognition
    • Counteracting avoidance arrangements
  • ▸ Chapter 12 – Priority rules
    • Section 699 – Priority of this Part for corporation tax purposes
    • Section 700 – Relationship of this Part to Part 5: loan relationships
  • ▸ Chapter 13 – General and supplementary provisions
    • Power to amend certain provisions
    • Changes to accounting standards
    • Other general definitions
▸ Part 8 – Intangible fixed assets
  • ▸ Chapter 2 – Credits in respect of intangible fixed assets
    • Section 720 – Introduction
    • Section 721 – Receipts recognised as they accrue
    • Section 722 – Receipts in respect of royalties so far as not dealt with under section 721
    • Section 723 – Revaluation
    • Section 724 – Negative goodwill
    • Section 725 – Reversal of previous accounting loss
  • ▸ Chapter 3 – Realisation of intangible fixed assets
    • Section 726 – Introduction
    • Section 727 – References to expenditure on an asset
    • Section 728 – Expenditure written off as it is incurred
    • Section 729 – Writing down on accounting basis
    • Section 730 – Writing down at fixed rate: election for fixed-rate basis
    • Section 731 – Writing down at fixed rate: calculation
    • Section 732 – Reversal of previous accounting gain
  • ▸ Chapter 4 – Realisation of intangible fixed assets
    • Section 733 – Overview of Chapter
    • Section 734 – Meaning of “realisation”
    • Section 735 – Asset written down for tax purposes
    • Section 736 – Asset shown in balance sheet and not written down for tax purposes
    • Section 737 – Apportionment in case of part realisation
    • Section 738 – Asset not shown in balance sheet
    • Section 739 – Meaning of “proceeds of realisation”
    • Section 740 – Abortive expenditure on realisation
    • Section 741 – Meaning of “chargeable intangible asset” and “chargeable realisation gain”
  • ▸ Chapter 5 – Calculation of tax written-down value
    • Section 742 – Asset written down on accounting basis
    • Section 743 – Asset written down at fixed rate
    • Section 744 – Effect of part realisation of asset
  • ▸ Chapter 6 – How credits and debits are given effect
    • Introductory
    • Trading etc. credits and debits
    • Non-trading credits and debits (751-753)
  • ▸ Chapter 7 – Roll-over relief in case of realisation and reinvestment
    • When the relief is given
    • How the relief is given
  • ▸ Chapter 8 – Groups of companies: introduction
    • Introductory
    • Rules
  • ▸ Chapter 9 – Application of this Part to groups of companies
    • Introductory
    • Transfers within a group treated as tax-neutral
    • Roll-over relief under Chapter 7 (realisation and reinvestment)
    • Company ceasing to be member of group
    • Reallocation of degrouping charge within group and recovery
    • Disregard of payments between group members for reliefs
  • ▸ Chapter 1 – Introduction
    • Introductory
    • Basic definitions
    • Goodwill
    • Accounting rules and definitions
  • ▸ Chapter 15 – Adjustments on change of accounting policy
    • Introductory
    • Change of policy involving change of value
    • Change of policy involving disaggregation
    • Supplementary
  • ▸ Chapter 14 – Miscellaneous provisions
    • Grants and other contributions to expenditure
    • Finance leasing
    • Values to be used in special cases
    • Fungible assets
    • Assets ceasing to be or becoming chargeable intangible assets
    • Matters to be ignored
    • Delayed payments and bad debts (866-870)
    • Roll-over relief under TCGA 1992
  • ▸ Chapter 13 – Transactions between related parties
    • Introductory
    • Transfers treated as being at market value
    • Grants treated as being at market value
    • Other rules
  • ▸ Chapter 12 – Related parties
    • Introductory
    • Meaning of “related party”, “control” and “major interest”
    • Rights and powers to be taken into account
    • Meaning of “participator” and “associate”
    • Connected persons
  • ▸ Chapter 11 – Transfer of business or trade
    • Introduction
    • Tax-neutral transfers
    • Transfer of assets to non-UK resident company
    • The genuine commercial transaction requirement and clearance
  • ▸ Chapter 10 – Excluded assets
    • Introductory
    • Assets wholly excluded from this Part
    • Assets excluded from this Part except as respects royalties
    • Assets excluded from this Part to the extent specified
  • ▸ Chapter 16B – Fungible assets
    • Section 900J – Fungible assets: general
    • Section 900K – Fungible assets: pre-FA 2002 assets and restricted assets
    • Section 900L – Realisation of fungible assets: pre-FA 2002 assets and restricted assets
    • Section 900M – Acquisition of fungible assets: pre-FA 2002 assets and restricted assets
    • Section 900N – Debits in respect of a single asset comprising restricted assets
    • Section 900O – Interpretation
  • ▸ Chapter 16A – Debits in respect of assets that were pre-FA 2002 assets etc.
    • Introduction
    • When an intangible fixed asset is a restricted asset
    • The special rules
    • Supplementary provisions (900G-900I)
  • ▸ Chapter 15A – Debits in respect of goodwill and certain other assets
    • Introduction
    • Requirement to write down at a fixed rate
    • Restrictions on debits: pre-FA 2019 relevant assets
    • Restrictions on debits: no business or no qualifying IP assets acquired
    • Restrictions on debits: acquisition from individual or firm
    • Partial restrictions on debits
    • Supplementary
  • ▸ Chapter 18 – Priority rules
    • Section 906 – Priority of this Part for corporation tax purposes
  • ▸ Chapter 17 – Insurance companies
    • Effect of application of the I minus E basis: non-trading amounts
    • Miscellaneous
  • ▸ Chapter 16 – Pre-FA 2002 assets etc.
    • Introduction
    • General rule
    • When assets are treated as created or acquired
    • When expenditure treated as incurred
    • Fungible assets
    • Assets treated as pre-FA 2002 assets
    • Application of Part to royalties and telecommunication rights
    • Roll-over relief for disposals of pre-FA 2002 assets
▸ Part 9 – Intellectual property: know-how and patents
  • ▸ Chapter 1 – Introduction
    • Section 907 – Overview of Part
  • ▸ Chapter 2 – Disposals of know-how
    • Section 908 – Charge to tax on profits from disposals of know-how
    • Section 909 – Exceptions to charge under section 908
    • Section 910 – Profits charged under section 908
  • ▸ Chapter 3 – Sales of patent rights
    • Introductory
    • Charge to tax
    • Spreading of charge to tax
    • Miscellaneous
  • ▸ Chapter 4 – Relief from corporation tax on patent income
    • Section 924 – Relief for expenses: patent income
    • Section 925 – How relief is given under section 924
  • ▸ Chapter 5 – Supplementary
    • Section 926 – Contributions to expenditure
    • Section 927 – Contributions not made by public bodies nor eligible for tax relief
    • Section 928 – Exchanges
    • Section 929 – Apportionment where property sold together
    • Section 930 – Questions about apportionments affecting two or more persons
    • Section 931 – Meaning of “capital sums” etc.
▸ Part 9A – Company distributions
  • ▸ Chapter 1 – The charge to Tax
    • Section 931A – Charge to tax on distributions received
  • ▸ Chapter 2 – Exemption of distributions received by small companies
    • Section 931B – Exemption from charge to tax
    • Section 931C – Meaning of “qualifying territory”
    • Section 931CA – Further exemption where distribution received from CFC
  • ▸ Chapter 3 – Exemption of distributions received by companies that are not small
    • Section 931D – Exemption from charge to tax
    • Exempt classes
    • Exempt classes: anti-avoidance
  • ▸ Chapter 4 – Supplementary
    • Election that distribution should not be exempt
    • Chargeable gains
    • Interpretation
    • Boundary provisions
▸ Part 13 – Expenditure on research and development
  • ▸ Chapter 1 – Introduction
    • Introductory
    • Interpretation
  • ▸ Chapter 2 – Relief for loss-making, R&D-intensive SMEs
    • Introductory
    • Reliefs
    • Reliefs: further provision
    • Threshold
    • Qualifying expenditure
    • Tax credit: entitlement and payment
    • Amount of tax credit
    • Supplementary
  • ▸ Chapter 3 – Relief for SMEs: R&D sub-contracted to SME
    • Relief
    • Threshold
    • Qualifying expenditure
  • ▸ Chapter 4 – Relief for SMEs: subsidised and capped expenditure on R&D
    • Relief
    • Threshold
    • Qualifying expenditure
  • ▸ Chapter 5 – Relief for large companies
    • Relief
    • Threshold
    • Qualifying expenditure
    • Insurance companies
  • ▸ Chapter 7 – Relief for large companies: vaccine research etc
    • Introductory
    • Reliefs
    • Deemed trading loss: further provision
    • Threshold
    • Qualifying expenditure
    • Tax credit: entitlement and payment
    • Amount of tax credit
    • Supplementary
    • Tax avoidance
  • ▸ Chapter 6 – Chapters 2 to 5: further provision
    • Section 1081 – Insurance companies treated as large companies
    • Section 1082 – R&D expenditure of group companies
    • Section 1083 – Refunds of expenditure treated as income chargeable to tax
    • Section 1084 – Artificially inflated claims for relief or tax credit
  • ▸ Chapter 8 – Restrictions on relief under this Part
    • Section 1113 – Cap on R&D aid under Chapter 2 or 7
    • Section 1114 – Total R&D aid
    • Section 1115 – “The tax credits”
    • Section 1116 – “The actual reduction in tax liability”
    • Section 1117 – “The potential relief”
    • Section 1118 – “The notional relief”
    • Introductory
    • PAYE and NIC liabilities
    • Going concerns
    • Outstanding tax matters
    • Artificially inflated claims
    • Northern Ireland companies
  • ▸ Chapter 1A – R&D expenditure credit
    • Introductory
    • Entitlement and claims
    • Qualifying expenditure
    • Rate of credit
    • Treatment of credit: main provisions
    • Notional tax deduction
    • Intra-group surrenders
    • Basic life assurance and general annuity businesses
  • ▸ Chapter 9 – Supplementary
    • SMEs and large companies
    • Staffing costs
    • Software , data licences, cloud computing services or consumable items
    • Qualifying expenditure on externally provided workers
    • Contracting out
    • Miscellaneous
▸ Part 12 – Other relief for employee share acquisitions
  • ▸ Chapter 1 – Introduction
    • Introductory
    • Interpretation
  • ▸ Chapter 2 – Relief if shares acquired by employee or other person
    • Introductory
    • Requirements to be met for relief to be available
    • Calculation of amount of relief
    • Giving of relief
  • ▸ Chapter 3 – Relief if employee or other person obtains option to acquire shares
    • Introductory
    • Requirements to be met for relief to be available
    • Calculation of amount of relief
    • Giving of relief
    • Takeovers and transfers of businesses
  • ▸ Chapter 4 – Additional relief in cases involving restricted shares
    • Section 1025 – Additional relief available if shares acquired are restricted shares
    • Section 1025A – Application of Chapter: employees of overseas companies who take up employment with, or work for, a UK company
    • Section 1025B – Application of Chapter where original relief a consequence of section 1007A, 1015A or 1015B
    • Section 1026 – Relief available on occurrence of chargeable event
    • Section 1027 – Relief available on death of employee
    • Section 1028 – Supplementary provision for purposes of sections 1026 and 1027
    • Section 1029 – Transfer of qualifying business by group transfers
  • ▸ Chapter 5 – Additional relief in cases involving convertible securities
    • Section 1030 – Application of Chapter
    • Section 1030A – Application of Chapter: employees of overseas companies who take up employment with, or work for, a UK company
    • Section 1030B – Application of Chapter where original relief a consequence of section 1007A, 1015A or 1015B
    • Section 1031 – Additional relief available if shares acquired are convertible shares etc
    • Section 1032 – Meaning of “chargeable event”
    • Section 1033 – Relief available on occurrence of chargeable event
    • Section 1034 – Relief available following death of employee
    • Section 1035 – Supplementary provision for purposes of sections 1033 and 1034
    • Section 1036 – Transfer of qualifying business by group transfers
  • ▸ Chapter 6 – Relationship between relief under this Part and other reliefs
    • Section 1037 – Priority of Chapter 1 of Part 11
    • Section 1038 – Exclusion of other deductions
    • Section 1038A – Exclusion of deductions for share options: shares not acquired
    • Section 1038B – Employee shareholder shares
▸ Part 11 – Relief for particular employee share acquisition schemes
  • ▸ Chapter 1 – Share incentive plans
    • Introductory
    • Deductions and receipts: general
    • Deductions relating to setting up and running costs
    • Deductions relating to payments used to acquire shares
    • Deductions relating to provision of certain types of shares
    • Plan ceasing to be a Schedule 2 SIP
  • ▸ Chapter 2 – SAYE option schemes, company share option schemes and employee share options trusts
    • Section 999 – Deduction for costs of setting up SAYE option scheme or CSOP scheme
    • Section 1000 – Deduction for costs of setting up employee share ownership trust
▸ Part 10 – Miscellaneous income
  • ▸ Chapter 1 – Introduction
    • Section 932 – Overview of Part
  • ▸ Chapter 2 – Dividends of non-UK resident companies
    • Section 933 – Charge to tax on dividends of non-UK resident companies
  • ▸ Chapter 3 – Beneficiaries' income from estates in administration
    • Introduction
    • Types of estate income
    • Income charged
    • Basic amount of estate income: general calculations rules
    • Further provisions for calculating estate income relating to absolute interests
    • Successive interests
    • Relief where foreign estates have borne UK income tax
    • General
  • ▸ Chapter 4 – Income from holding an office
    • Section 969 – Charge to tax on income from holding an office
    • Section 970 – Rule restricting deductions for bad debts
  • ▸ Chapter 5 – Distributions from unauthorised unit trusts
    • Section 971 – Overview of Chapter
    • Section 972 – Charge to tax under this Chapter
    • Section 973 – Amount of income treated as received
  • ▸ Chapter 6 – Sale of foreign dividend coupons
    • Section 974 – Charge to tax under this Chapter
    • Section 975 – Meaning of “foreign holdings” etc.
  • ▸ Chapter 7 – Annual payments not otherwise charged
    • Section 976 – Overview of Chapter
    • Section 977 – Charge to tax on annual payments not otherwise charged
    • Section 978 – Exemption for payments by persons liable to pool betting duty
  • ▸ Chapter 8 – Income not otherwise charged
    • Section 979 – Charge to tax on income not otherwise charged
    • Section 980 – Exemption for commercial occupation of woodlands in UK
    • Section 981 – Exemption for gains on financial futures
  • ▸ Chapter 9 – Priority rules
    • Section 982 – Provisions which must be given priority over this Part
▸ Part 14 – Remediation of contaminated land
  • ▸ Chapter 1 – Introduction
    • Introductory
    • Basic definitions
  • ▸ Chapter 2 – Reliefs for expenditure on contaminated land
    • Section 1147 – Deduction for capital expenditure
    • Section 1148 – Election under section 1147
    • Section 1149 – Additional deduction for qualifying land remediation expenditure
    • Section 1150 – No relief if company responsible for contamination or dereliction or polluter has interest
  • ▸ Chapter 3 – Land remediation tax credit
    • Entitlement and payment
    • Amount of tax credit
    • Supplementary
  • ▸ Chapter 4 – Special provision for life assurance business
    • Section 1159 – Limitation on relief under Chapter 2
    • I minus E basis
    • Relief
    • BLAGAB company tax credits (1164-1168)
  • ▸ Chapter 5 – Tax avoidance
    • Section 1169 – Artificially inflated claims for relief or tax credit
  • ▸ Chapter 6 – Supplementary
    • Section 1170 – “Staffing costs”
    • Section 1171 – Staffing costs attributable to relevant land remediation
    • Section 1172 – Expenditure on materials
    • Section 1173 – Expenditure incurred because of contamination or dereliction
    • Section 1174 – Sub-contractor payments
    • Section 1175 – Connected sub-contractors
    • Section 1176 – “Qualifying expenditure on sub-contracted land remediation”: other cases
    • Section 1177 – “Subsidised expenditure”
    • Section 1178 – Persons having a “relevant connection” to a company
    • Section 1178A – “Major interest in land”
    • Section 1179 – Other definitions
▸ Part 15C – Theatrical Productions
  • ▸ Introduction
    • Section 1217F – Overview of Part
    • Section 1217FC – “Production Company”
    • Section 1217FB – Production not regarded as theatrical
    • Section 1217FA – “Theatrical Production”
  • ▸ Companies qualifying for relief
    • Section 1217GC – “Core Expenditure”
    • Section 1217GB – The EEA expenditure condition
    • Section 1217GA – The commercial purpose condition
    • Section 1217G – How a company qualifies for relief
  • ▸ Claim for additional deduction
    • Section 1217H – Claim for additional deduction
  • ▸ The separate theatrical trade
    • Section 1217IF – Estimates
    • Section 1217IE – Pre-trading expenditure
    • Section 1217ID – When costs are taken to be incurred
    • Section 1217IC – Costs of the production
    • Section 1217IB – Income from the production
    • Section 1217IA – Calculation of profits or losses of sperate theatrical trade
    • Section 1217I – Introduction to sections 1217IA and 1217IF
  • ▸ Amount of additional deduction
    • Section 1217JA – “Qualifying expenditure”
    • Section 1217J – Amount of additional deduction
  • ▸ Theatre tax credits
    • Section 1217K – Theatre tax credit claimable if company has surrenderable loss
    • Section 1217KA – Amount of surrenderable loss
    • Section 1217KB – Payment in respect of theatre tax credit
    • Section 1217KC – Limit on State aid
    • Companies in insolvency
  • ▸ Anti-avoidance etc.
    • Section 1217LA – Tax avoidance arrangements
    • Section 1217LB – Transactions not entered into for genuine commercial reasons
  • ▸ Use of losses
    • Section 1217MA – Restriction on use of losses before completion period
    • Section 1217M – Application of sections 1217MA to 1217MC
    • Section 1217MB – Use of losses in the completion period
    • Section 1217MC – Terminal losses
  • ▸ Provisional entitlement to relief
    • Section 1217N – Provisional entitlement to relief
    • Section 1217NA – Clawback of provisional relief
  • ▸ Interpretation
    • Section 1217O – Activities involved in developing, producing, running or closing a production
    • Section 1217OA – “Company tax return”
    • Section 1217OB – Index
▸ Part 15B – Video games development
  • ▸ Chapter 1 – Introduction
    • Introductory
    • Interpretation
  • ▸ Chapter 2 – Taxation of activities of video games development company
    • Separate video game trade
    • Supplementary
  • ▸ Chapter 3 – Video games tax relief
    • Introductory
    • “Intended for supply”
    • British video games
    • EEA expenditure
    • Additional deductions
    • Video game tax credits
    • Miscellaneous
  • ▸ Chapter 4 – Video game losses
    • Section 1217D – Application of sections 1217DA and 1217DB
    • Section 1217DA – Restriction on use of losses while video game in development
    • Section 1217DB – Use of losses in later periods
    • Section 1217DC – Terminal losses
  • ▸ Chapter 5 – Provisional entitlement to relief
    • Section 1217E – Introduction
    • Section 1217EA – Certification as a British video game
    • Section 1217EB – The EEA expenditure condition
    • Section 1217EC – Time limit for amendments and assessments
▸ Part 15A – Television production
  • ▸ Chapter 1 – Introduction
    • Introductory
    • Meaning of “television programme”, “relevant programme” etc.
    • Other interpretation
  • ▸ Chapter 2 – Taxation of activities of television production company
    • Separate programme trade
    • Supplementary
  • ▸ Chapter 3 – Television tax relief
    • Introductory
    • “Intended for broadcast”
    • British programmes
    • UK expenditure
    • Additional deductions
    • Television tax credits
    • Miscellaneous
  • ▸ Chapter 4 – Programme losses
    • Section 1216D – Application of sections 1216DA and 1216DB
    • Section 1216DA – Restriction on use of losses while programme in production
    • Section 1216DB – Use of losses in later periods
    • Section 1216DC – Terminal losses
  • ▸ Chapter 5 – Provisional entitlement to relief
    • Section 1216E – Introduction
    • Section 1216EA – Certification as a British programme
    • Section 1216EB – The UK expenditure condition
    • Section 1216EC – Time limit for amendments and assessments
▸ Part 15 – Film production
  • ▸ Chapter 1 – Introduction
    • Introductory
    • Interpretation
  • ▸ Chapter 2 – Taxation of activities of film production company
    • Separate film trade
    • Supplementary
  • ▸ Chapter 3 – Film tax relief
    • Introductory
    • Conditions of relief
    • Additional deductions
    • Film tax credits
    • Miscellaneous
  • ▸ Chapter 4 – Film losses
    • Section 1208 – Application of sections 1209 and 1210
    • Section 1209 – Restriction on use of losses while film in production
    • Section 1210 – Use of losses in later periods
    • Section 1211 – Terminal losses
  • ▸ Chapter 5 – Provisional entitlement to relief
    • Section 1212 – Introduction
    • Section 1213 – Certification as a British film
    • Section 1214 – The UK expenditure condition
    • Section 1215 – Film tax relief on basis that film is limited-budget film
    • Section 1216 – Time limit for amendments and assessments
▸ Part 15D – Tax relief for production of orchestral concerts
  • ▸ Chapter 1 – Introduction
    • Overview
    • Interpretation
  • ▸ Chapter 2 – Taxation of activities of production company
    • Separate orchestral trade
    • Profits and losses of separate orchestral trade
  • ▸ Chapter 3 – Orchestra tax relief
    • Introduction
    • Companies qualifying for orchestra tax relief
    • Additional deduction
    • Orchestra tax credits
    • Anti-avoidance etc.
    • Companies in insolvency
  • ▸ Chapter 4 – Losses of separate orchestral trade
    • Section 1217S – Application of sections 1217SA to 1217SC
    • Section 1217SA – Restriction on use of losses before completion period
    • Section 1217SB – Use of losses in the completion period
    • Section 1217SC – Terminal losses
  • ▸ Chapter 5 – Personal entitlement to relief
    • Section 1217T – Provisional entitlement to relief
    • Section 1217TA – Clawback of provisional relief
  • ▸ Chapter 6 – Interpretation
    • Section 1217U – Interpretation
▸ Part 15E – Museums and galleries exhibition tax relief
  • ▸ Chapter 1 – Introduction
    • Overview
    • Interpretation
  • ▸ Chapter 2 – Taxation of activities of production company
    • Separate exhibition trade
    • Profits and losses of separate exhibition trade
  • ▸ Chapter 3 – Museums and galleries exhibition tax relief
    • Introduction
    • Companies qualifying for museums and galleries exhibition tax relief
    • Additional deduction
    • Museums and galleries exhibition tax credits
    • Anti-avoidance etc.
    • Companies in insolvency
  • ▸ Chapter 4 – Losses of separate exhibition trade
    • Section 1218ZD – Application of sections 1218ZDA to 1218ZDC
    • Section 1218ZDA – Restriction on use of losses before completion period
    • Section 1218ZDB – Use of losses in the completion period
    • Section 1218ZDC – Terminal losses
  • ▸ Chapter 5 – Provisional entitlement to relief
    • Section 1218ZE – Provisional entitlement to relief
    • Section 1218ZEA – Clawback of provisional relief
  • ▸ Chapter 6 – Interpretation
    • Section 1218ZF – Regulations about activities in relation to an exhibition
    • Section 1218ZFA – Interpretation
▸ Part 14A – Films, television programmes and video games
  • ▸ Chapter 1 – Introduction and interpretation
    • Introduction to Part
    • Definitions and miscellaneous provision
  • ▸ Chapter 2 – Special rules about taxation
    • The separate production trade
    • Accounting for the separate trade
    • Losses in the separate trade
  • ▸ Chapter 3 – Expenditure credit
    • The entitlement
    • Treatment of credit
    • Restrictions on payment
    • Artificial arrangements
  • ▸ Chapter 4 – Films and television programmes
    • General
    • Qualifying films
    • Qualifying television programmes
    • British certification condition
    • UK expenditure condition
    • Production companies
    • Qualifying expenditure and rate of credit
    • Accounting for the separate trade
    • Miscellaneous
  • ▸ Chapter 5 – Video games
    • General
    • Qualifying video games
    • British certification condition
    • UK expenditure condition
    • Development companies
    • Qualifying expenditure and rate of credit
    • Accounting for the separate trade
    • Miscellaneous
▸ Part 16 – Companies with investment business
  • ▸ Chapter 1 – Introduction
    • Section 1218A – Overview of Part
    • Section 1218B – “Company with investment business” and “investment business”
  • ▸ Chapter 2 – Management expenses
    • Relief for expenses of management
    • Accounting period to which expenses are referable
    • Claw back of relief
  • ▸ Chapter 3 – Amounts treated as expenses of management
    • Preliminary
    • Excess capital allowances
    • Payments for restrictive undertakings
    • Seconded employees
    • Contributions to agents' expenses
    • Counselling and retraining expenses
    • Redundancy payments etc.
    • Contributions to local enterprise organisations or urban regeneration companies
    • Contributions to flood and coastal erosion risk management projects
    • Export Credits Guarantee Department
    • Levies under FISMA 2000
  • ▸ Chapter 4 – Rules restricting deductions
    • Section 1247 – Introduction
    • Section 1248 – Expenses in connection with arrangements for securing a tax advantage
    • Section 1249 – Unpaid remuneration
    • Section 1250 – Unpaid remuneration: supplementary
    • Section 1251 – Car hire
  • ▸ Chapter 5 – Companies with investment business: receipts
    • Section 1252 – Industrial development grants
    • Section 1253 – Contributions to local enterprise organisations or urban regeneration companies: disqualifying benefits
    • Section 1254 – Repayments under FISMA 2000
    • Section 1253A – Contributions to flood and coastal erosion risk management projects: refunds etc.
  • ▸ Chapter 6 – Supplementary
    • Section 1255 – Meaning of some accounting terms
▸ Part 17 – Partnerships
  • ▸ Introduction
    • Section 1257 – General provisions
    • Section 1258A – Bare trusts
    • Section 1256 – Overview of Part
    • Section 1258 – Assessment of firms
  • ▸ Calculation of partners' shares
    • Section 1265 – Apportionment of profit share between partner’s accounting periods
    • Section 1264A – Excess profit allocation to non-individual partners etc
    • Section 1264 – Loss-making period in which some partners have profits
    • Section 1263 – Profit-making period in which some partners have losses
    • Section 1262 – Allocation of firm’s profits or losses between partners
    • Section 1261 – Accounting periods of firms
    • Section 1260 – Section 1259: supplementary
    • Section 1259 – Calculation of firm’s profits and losses
  • ▸ Firms with a foreign element
    • Section 1266 – Resident partners and double taxation agreements
  • ▸ Adjustment on change of basis
    • Section 1269 – Interpretation of sections 1267 and 1268
    • Section 1268 – Election for spreading under Chapter 14 of Part 3
    • Section 1267 – Various rules for trades and property businesses
  • ▸ Miscellaneous
    • Section 1273A – Limited liability partnerships: salaried members
    • Section 1273 – Limited liability partnerships
    • Section 1272 – Sale of patent rights: effect of later cessation of trade
    • Section 1271 – Sale of patent rights: effect of partnership changes
    • Section 1270 – Special provisions about farming and property income
▸ Part 18 – Unremittable income
  • Section 1274 – Unremittable income: introduction
  • Section 1275 – Claim for relief for unremittable income
  • Section 1276 – Withdrawal of relief
  • Section 1277 – Income charged on withdrawal of relief after source ceases
  • Section 1278 – Valuing unremittable income
▸ Part 19 – General exemptions
  • ▸ Profits from FOTRA securities
    • Section 1279 – Exemption of profits from securities free of tax to residents abroad (“FOTRA securities”)
    • Section 1280 – Section 1279: supplementary provision
  • ▸ Income from savings certificates
    • Section 1281 – Income from savings certificates
    • Section 1282 – Income from Ulster Savings Certificates
  • ▸ Miscellaneous
    • Section 1283 – Interest from tax reserve certificates
    • Section 1284 – Housing grants
    • Section 1285 – UK company distributions
    • Section 1286 – VAT repayment supplements
    • Section 1287 – Incentives to use electronic communications
▸ Part 20 – General calculation rules
  • ▸ Chapter 1 – Restriction of deductions
    • Unpaid remuneration
    • Employee benefit contributions
    • Business entertainment and gifts
    • Miscellaneous
  • ▸ Chapter 2 – Other general rules
    • Miscellaneous profits and losses
    • Expenditure on research and development
    • Visiting performers
▸ Part 21 – Other general provisions
  • ▸ Orders and regulations
    • Section 1310 – Orders and regulations
    • Section 1311 – Apportionment to different periods
  • ▸ Interpretation
    • Section 1321 – Interpretation: Northern Ireland
    • Section 1320 – Interpretation: Scotland
    • Section 1319 – Other definitions
    • Section 1318 – Meaning of grossing up
    • Section 1317 – Meaning of “farming” and related expressions
    • Section 1316 – Meaning of “connected” persons and “control”
    • Section 1315 – Claims and elections
    • Section 1314 – Meaning of “caravan”
    • Section 1313 – Activities in UK sector of continental shelf
    • Section 1312 – Abbreviated references to Acts
  • ▸ Final provisions
    • Section 1330 – Short Title
    • Section 1329 – Commencement
    • Section 1328 – Extent
    • Section 1327 – Index of defined expressions
    • Section 1326 – Repeals and revocations
    • Section 1325 – Transitional provisions and savings
    • Section 1324 – Power to undo changes
    • Section 1323 – Power to make consequential provision
    • Section 1322 – Minor and consequential amendments
▸ Schedules
  • ▸ Schedule 1 Minor and consequential amendments
    • Part 1 – Income and Corporation Taxes Act 1988 (paras 1-292)
    • Part 2 – Other enactments (paras 293-739)
  • ▸ Schedule 2 Transitionals And Savings
    • Part 1 – General Provisions (paras 1-9)
    • Part 2 – Changes in the Law (para 10)
    • Part 3 – Charge to Corporation Tax on Income (para 11)
    • Part 4 – Accounting Periods (para 12)
    • Part 5 – Company Residence: Exceptions to Section 14 (paras 13-15)
    • Part 6 – Trading Income (paras 16-34)
    • Part 7 – Property Income (paras 35-52)
    • Part 8 – Loan Relationships (paras 53-71)
    • Part 9 – Relationships Treated As Loan Relationships (paras 72-78)
    • Part 10 – Derivative Contracts (paras 79-99)
    • Part 11 – Intangible Fixed Assets (paras 100-102)
    • Part 12 – Beneficiaries' Income from Estates in Administration (paras 103-104)
    • Part 13 – Relief For Share Incentive Plans (paras 105-106)
    • Part 14 – Other Relief For Employee Share Acquisitions (paras 107-111)
    • Part 15 – Research And Development (paras 112-124)
    • Part 16 – Remediation Of Contaminated Land (paras 125-126)
    • Part 17 – Film Production (paras 127-132)
    • Part 18 – Management Expenses (para 133)
    • Part 19 – Unremittable Income (paras 134-135)
    • Part 20 – General Exemptions (para 136)
    • Part 21 – Other Provisions (paras 137-147)
  • ▸ Schedule 3 Repeals And Revocations
    • Part 1 – Repeals and revocations on 1 April 2009
    • Part 2 – Prospective repeals
  • Schedule 4 Index Of Defined Expressions
Part 13 – Expenditure on research and development / Chapter 3 – Relief for SMEs: R&D sub-contracted to SME

Chapter 3 – Relief for SMEs: R&D sub-contracted to SME

Contents

  • Relief 1 section
  • Threshold 1 section
  • Qualifying expenditure 3 sections

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