Part 3 – Trading income (paras 12-61)

Contents

12. Unpaid remuneration [ITTOIA 2005 Sch 2 para 12] Section commentary
13-15. Employee benefit contributions [ITTOIA 2005 Sch 2 para 13-15] Section commentary
16-17. Car or motor cycle hire [ITTOIA 2005 Sch 2 paras 16-17] Section commentary
18. Crime-related payments [ITTOIA 2005 Sch 2 para 18] Section commentary
19-20. Tenants under taxed leases [ITTOIA 2005 Sch 2 para 19-20] Section commentary
21. Seconded employees [ITTOIA 2005 Sch 2 para 21] Section commentary
22-23. Training courses for employees [ITTOIA 2005 Sch 2 para 22-23] Section commentary
24. Contributions to urban regeneration companies [ITTOIA 2005 Sch 2 para 24] Section commentary
25. Local enterprise agencies [ITTOIA 2005 Sch 2 para 25] Section commentary
26. Expenses connected with patents, designs and trade marks [ITTOIA 2005 Sch 2 para 26] Section commentary
27. Payments to Export Credits Guarantee Department [ITTOIA 2005 Sch 2 para 27] Section commentary
28. Reverse premiums [ITTOIA 2005 Sch 2 para 28] Section commentary
29. Sums recovered under insurance policies etc. [ITTOIA 2005 Sch 2 para 29] Section commentary
30. Meaning of “designated educational establishment” [ITTOIA 2005 Sch 2 para 30] Section commentary
31-38. Films and sound recordings [ITTOIA 2005 Sch 2 paras 31-38] Section commentary
39-40. Certain telecommunication rights [ITTOIA 2005 Sch 2 para 39-40] Section commentary
41. Dealers in securities etc: taxation of amounts taken to reserves [ITTOIA 2005 Sch 2 para 41] Section commentary
42. Purchase or sale of woodlands [ITTOIA 2005 Sch 2 para 42] Section commentary
43. Ministers of religion [ITTOIA 2005 Sch 2 para 43] Section commentary
44-46. Waste disposal [ITTOIA 2005 Sch 2 para 44-46] Section commentary
47. Valuation of trading stock on cessation [ITTOIA 2005 Sch 2 para 47] Section commentary
48. Apportionment of profits or losses to tax years before tax year 2005-06 [ITTOIA 2005 Sch 2 para 48] Section commentary
49. Treatment of business start-up payments received in an overlap period [ITTOIA 2005 Sch 2 para 49] Section commentary
50. Profits or losses of a trade, profession or vocation previously chargeable in accordance with section 65(1) of ICTA [ITTOIA 2005 Sch 2 para 50] Section commentary
51. Profits of mines, quarries and other concerns not chargeable by reference to a basis period [ITTOIA 2005 Sch 2 para 51] Section commentary
52-54. Overlap profit: pre-April 1994 trades, professions and vocations [ITTOIA 2005 Sch 2 paras 52-54] Section commentary
55. Averaging profits of farmers and creative artists [ITTOIA 2005 Sch 2 para 55] Section commentary
56-59. Adjustment on change of basis [ITTOIA 2005 Sch 2 para 56-59] Section commentary
60-61. Post-cessation receipts [ITTOIA 2005 Sch 2 para 60-61] Section commentary

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