Corporation Tax Act 2010 section 883

Capital sum

Section 883 defines what counts as a "capital sum" for the purposes of the transactions in securities rules in this Chapter.

• A capital sum means any sum of money or anything with a monetary value received by a company.
• Amounts already treated as trading receipts when calculating trade profits or losses are excluded from the definition.
• Amounts already subject to corporation tax under miscellaneous charge provisions (as listed in section 1173) are also excluded.
• The definition ensures that only genuinely capital amounts — not already caught by other tax charges — fall within the scope of this Chapter.