Limitations on claims | Corporation Tax Act 2010

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Corporation Tax Act 2010

▸ Part 1 – Introduction (ss 1)

Section 1 – Overview of Act [CTA 2010 s 1]

▸ Part 2 – Calculation of liability in respect of profits (ss 2-17)

Chapter 1 – Introduction (s 2)
- Section 2 – Overview of Part [CTA 2010 s 2]
Chapter 2 – Rates at which corporation tax on profits charged (s 3)
- Section 3 – Corporation tax rates [CTA 2010 s 3]
Chapter 3 – Calculation of amount to which rates applied (ss 4)
- Section 4 – Amount of profits to which corporation tax rates applied [CTA 2010 s 4]
Chapter 4 – Currency (ss 5-17)

▸ Part 3 – Companies with small profits (ss 18-34)

The small profits rate (ss 18)
- Section 18 – Profits charged at the small profits rate [CTA 2010 s 18]
Marginal relief (ss 19-23)
The lower limit and the upper limit (ss 24-30)
Supplementary (ss 31-34)

▸ Part 3A – Companies with small profits (ss 18A-18N)

The standard small profits rate for non-ring fence profits (ss 18A)
- Section 18A – Profits charged at the standard small profits rate [CTA 2010 s 18A]
Marginal relief (ss 18B-18C)
- Section 18B – Marginal relief for companies without ring fence profits [CTA 2010 s 18B]
- Section 18C – Marginal relief for companies with ring fence profits [CTA 2010 s 18C]
The lower limit and the upper limit (ss 18D-18J)
Supplementary (ss 18K-18N)

▸ Part 4 – Loss relief (ss 35-96)

Chapter 1 – Introduction (s 35)
- Section 35 – Overview of Part [CTA 2010 s 35]
Chapter 2 – Trade losses (ss 36-54)
Chapter 3 – Limited partners and members of limited liability partnerships (ss 55-61)
Chapter 4 – Property losses (ss 62-67B)
Chapter 5 – Losses on disposal of shares (ss 68-90)
Chapter 6 – Losses from miscellaneous transactions (s 91)
- Section 91 – Relief for losses from miscellaneous transactions [CTA 2010 s 91]
Chapter 7 – Write-off of government investment (ss 92-96)

▸ Part 5 – Group relief (ss 97-188)

Chapter 1 – Introduction (s 97)
- Section 97 – Introduction to Part [CTA 2010 s 97]
Chapter 2 – Surrender of company’s losses etc for an accounting period (ss 98-110)
Chapter 3 – Surrenders made by non-UK resident company resident or trading in the EEA (ss 111-128)
Chapter 4 – Claims for group relief (ss 129-149)
Chapter 5 – Subsidiaries, groups and consortiums (ss 150-156)
Chapter 6 – Equity holders and profits or assets available for distribution (ss 157-182)
Chapter 7 – Miscellaneous provisions and interpretation of Part (ss 183-188)
- Miscellaneous (ss 183-184)
- Interpretation (ss 185-188)

▸ Part 5A – Group relief for carried-forward losses (ss 188AA-188FD)

Chapter 1 – Introduction (s 188AA)
- Section 188AA – Introduction to Part [CTA 2010 s 188AA]
Chapter 2 – Surrender of company's carried-forward losses etc. (ss 188BA-188BJ)
Chapter 3 – Claims for group relief for carried-forward losses (ss 188CA-188CK)
Chapter 4 – Limitations on relief: claims under section 188CB (ss 188DA-188DL)
Chapter 5 – Limitations on relief: claims under section 188CC (ss 188EA-188EK)
Chapter 6 – Miscellaneous provisions and interpretation of Part (ss 188FA-188FD)
- Miscellaneous (ss 188FA)
- Interpretation (ss 188FB-188FD)

▸ Part 6 – Charitable donations relief (ss 189-217)

Chapter 1 – Nature of relief (ss 189-190)
- Section 189 – Relief for qualifying charitable donations [CTA 2010 s 189]
- Section 190 – Qualifying charitable donations: meaning [CTA 2010 s 190]
Chapter 2 – Certain payments to charity (ss 191-202A)
Chapter 2A – Payments to community amateur sports clubs: anti-abuse (ss 202B-202C)
- Section 202B – Restriction on relief for payments to community amateur sports clubs [CTA 2010 s 202B]
- Section 202C – "Inflated member-related expenditure" [CTA 2010 s 202C]
Chapter 3 – Certain disposals to charity (ss 203-217)

▸ Part 6A – Relief for expenditure on grassroots sport (ss 217A-217D)

Section 217A – Relief for expenditure on grassroots sport [CTA 2010 s 217A]
Section 217B – Meaning of qualifying expenditure on grassroots sport [CTA 2010 s 217B]
Section 217C – Meaning of qualifying sport body [CTA 2010 s 217C]
Section 217D – Relationship between this Part and Part 6 [CTA 2010 s 217D]

▸ Part 7 – Community investment tax relief (ss 218-269)

Chapter 1 – Introduction (ss 218-224)
- CITR (ss 218-220B)
- Miscellaneous (ss 221-224)
Chapter 2 – Qualifying investments (ss 225-230)
Chapter 3 – General conditions (ss 231-235)
Chapter 4 – Limitations on claims and attribution (ss 236-241)
- Limitations on claims (ss 236-239)
- Attribution (ss 240-241)
Chapter 5 – Withdrawal or reduction of CITR (ss 242-255)
Chapter 6 – Supplementary and general (ss 256-269)

▸ Part 7ZA – Restrictions on obtaining certain deductions (ss 269ZA-269ZZB)

Introduction (ss 269ZA)
- Section 269ZA – Overview of Part [CTA 2010 s 269ZA]
Restrictions on obtaining certain deductions (ss 269ZB-269ZE)
Relevant profits (ss 269ZF-269ZFA)
- Section 269ZF – “Relevant trading profits”, “total relevant non-trading profits” etc. [CTA 2010 s 269ZF]
- Section 269ZFA – “Relevant profits” [CTA 2010 s 269ZFA]
Modifications for certain insurance companies (ss 269ZFB-269ZFC)
- Section 269ZFB – Modifications for certain insurance companies [CTA 2010 s 269ZFB]
- Section 269ZFC – Restriction on deductions of non-BLAGAB allowable losses from BLAGAB chargeable gains [CTA 2010 s 269ZFC]
Exclusion for certain general insurance companies (ss 269ZG-269ZQ)
Deductions allowance (ss 296ZR-269ZZB)

▸ Part 7A – Banking companies (ss 269A-296DO)

Chapter 1 – Introduction (s 269A)
- Section 269A – Overview of Part [CTA 2010 s 269A]
Chapter 2 – Key definitions (ss 269B-269BE)
Chapter 3 – Restrictions on obtaining certain deductions (ss 269C-269CN)
Chapter 4 – Surcharge on banking companies (ss 269D-269DO)

▸ Part 8 – Oil activities (ss 270-356JNB)

Chapter 1 – Introduction (s 270)
- Section 270 – Overview of Part [CTA 2010 s 270]
Chapter 2 – Basic definitions (ss 271-278)
Chapter 3 – Deemed separate trade (s 279)
- Section 279 – Oil-related activities treated as separate trade [CTA 2010 s 279]
Chapter 3A – Rates at which corporation tax is charge on ring fence profits (ss 279A-279H)
Chapter 4 – Calculation of profits (ss 280-306)
Chapter 5 – Ring fence expenditure supplement (ss 307-329)
Chapter 5A – Extended ring fence expenditure supplement for onshore activities (ss 329A-329T)
Chapter 6 – Supplementary charge in respect of ring fence trades (ss 330-332)
Chapter 6A – Supplementary charge: investment allowance (ss 332A-332KA)
Chapter 7 – Reduction of supplementary charge for certain new oil fields (ss 333-356AA)
Chapter 8 – Supplementary charge: onshore allowance (ss 356B-356JB)
Chapter 9 – Supplementary charge: cluster area allowance (ss 356JC-356JNB)

▸ Part 8ZA – Oil Contractors (ss 356K-356NJ)

Chapter 1 – Introduction (s 356K)
- Section 356K – Overview of Part [CTA 2010 s 356K]
Chapter 2 – Basic definitions (ss 356L-356LD)
Chapter 3 – Deemed separate trade (s 356M)
- Section 356M – Oil contractor activities treated as separate trade [CTA 2010 s 356M]
Chapter 4 – Calculation of profits (ss 356N-356NJ)

▸ Part 8ZB – Transactions in UK land (ss 356OA-356OT)

Introduction (ss 356OA)
- Section 356OA – Overview of Part [CTA 2010 s 356OA]
Amounts treated as profits of a trade (ss 356OB-356OF)
Person to whom profits attributed (ss 356OG)
- Section 356OG – The chargeable company [CTA 2010 s 356OG]
Anti-fragmentation (ss 356OH)
- Section 356OH – Fragmented activities [CTA 2010 s 356OH]
Calculation of profit or gain on disposal (ss 356OI-356OJ)
- Section 356OI – Calculation of profit or gain on disposal [CTA 2010 s 356OI]
- Section 356OJ – Apportionments [CTA 2010 s 356OJ]
Arrangements for avoiding tax (ss 356OK)
- Section 356OK – Arrangements for avoiding tax [CTA 2010 s 356OK]
Exemption (ss 356OL)
- Section 356OL – Profits attributable to period before relevant activities etc began [CTA 2010 s 356OL]
Other supplementary provisions (ss 356OM-356ON)
- Section 356OM – Tracing value [CTA 2010 s 356OM]
- Section 356ON – Relevance of transactions, arrangements, etc [CTA 2010 s 356ON]
Interpretation (ss 356OO-356OT)

▸ Part 8A – Profits arising from the exploitation of patents etc (ss 357A-357GE)

Chapter 1 – Reduced corporation tax rate for profits from patents etc. (ss 357A)
- Section 357A – Election for special treatment of profits from patents etc. [CTA 2010 s 357A]
Chapter 2 – Qualifying companies (ss 357B-357BE)
Chapter 2A – Relevant IP profits: cases mentioned in section 357A(6) (ss 357BF-357BNC)
Chapter 2B – Relevant IP profits: cases mentioned in section 357A(7): income from new IP (ss 357BO-357BQ)
Chapter 3 – Relevant IP profits (ss 357C-357CQ)
Chapter 4 – Streaming (ss 357D-357DC)
Chapter 5 – Relevant IP losses (ss 357E-357EF)
Chapter 6 – Anti-avoidance (ss 357F-357FB)
Chapter 7 – Supplementary (ss 357G-357GE)

▸ Part 8B – Trading profits taxable at the Northern Ireland rate (ss 357H-357XI)

Chapter 1 – Introductory (s 357H)
- Section 357H – Introduction [CTA 2010 s 357H]
Chapter 2 – The Northern Ireland rate (ss 357I-357IA)
- Section 357I – The Northern Ireland rate [CTA 2010 s 357I]
- Section 357IA – Power of Northern Ireland Assembly to set Northern Ireland rate [CTA 2010 s 357IA]
Chapter 3 – Northern Ireland rate applied to Northern Ireland profits and losses (ss 357J-357JJ)
Chapter 4 – Basic definitions (ss 357K-357KE)
Chapter 5 – Northern Ireland regional establishments (ss 357L-357LK)
Chapter 6 – Northern Ireland profits and losses etc: SMEs [that are Northern Ireland employers] (ss 357M-357MB)
Chapter 7 – Northern Ireland profits and losses etc: large companies [SMEs that are not Northern Ireland employers and] (ss 357N-357NK)
Chapter 8 – Intangible fixed assets (ss 357O-357OP)
Chapter 9 – Research and development expenditure (ss 357P-357PF)
Chapter 10 – Remediation of contaminated or derelict land (ss 357Q-357QD)
Chapter 10A – Films, television programmes and video games qualifying for expenditure credit (ss 357QE-357QH)