- Enforced by
- HMRC
- Status
- Amended (in force with amendments)
- Penalty ceiling
- Regulated
Does it bind you?
Business-side roles with duties under this instrument.
Any Person13
Landlord1
Plus 1 duty on the regulator, Crown ministers and public bodies — folded into the section list below.
Other Acts binding the same actors
If a role above is yours, these are the other instruments that most often bind it.
Any Person — also bound by 2684 other Acts
Human Medicines Regulations 2012
184 duties
Merchant Shipping Act 1995
144 duties
Insolvency (England and Wales) Rules 2016
104 duties
Communications Act 2003
92 duties
Road Traffic Act 1988
92 duties
Landlord — also bound by 238 other Acts
What it requires
Sections creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.
Part 1
Introduction
0 of 16 sections shown16 other sections in this Part — procedural and definitional
s.001
Capital allowances and charges: cash basis
s.006
“NIRE company” and “SME (Northern Ireland employer) company”
s.006
“Northern Ireland firm” etc
s.006
“NI rate activity”
s.006
NI rate activity treated as separate trade
s.006
Giving effect to allowances and charges: NI rate activity cases
Part 2
Plant and machinery allowances
138 of 449 sections shown
s.070
Plant or machinery provided by lessee (opens in a new tab)
Regulated
- Bring disposal value into account for leased plant or machineryLandlord
s.104
Special rate expenditure
amended 1 time
s.104
Meaning of “main rate car”
amended 1 time
s.104
Application of Chapter to part of expenditure
amended 1 time
s.104
Special rate pool
amended 1 time
s.104
Writing-down allowances at 6% or 10%
amended 1 time
s.104
Disposal value of special rate assets
amended 1 time
s.104
Special rate cars: discontinued activity continued by relevant company
amended 1 time
s.104
Disposal events in respect of cushion gas
amended 1 time
s.120
Notice and joint lessees (opens in a new tab)
Regulated
- Notify HMRC when leasing plant or machinery to joint lesseesAny Person
s.145
Requirement to notify where no entitlement to defer amounts (opens in a new tab)
Regulated
- Notify HMRC if you lose entitlement to defer ship capital allowancesAny Person
s.161
Meaning of “offshore infrastructure”
amended 2 times
s.161
Meaning of “decommissioning expenditure”
amended 2 times
s.161
Expenditure related to reuse etc. qualifies for writing-down allowances
amended 2 times
s.161
Exceptions to section 161C(2)
amended 2 times
s.163
Expenditure in anticipation of approval of abandonment programme
amended 27 times
s.165
Decommissioning services supplied by connected person
amended 18 times
s.165
Restriction on allowance available
amended 18 times
s.165
Allowance in respect of certain services related to decommissioning
amended 18 times
s.165
Allowance where decommissioning undertaken for other participators in oil field
amended 18 times
s.165
Transaction to obtain tax advantage
amended 18 times
s.172
Long funding leases etc: cases where this Chapter does not apply.
amended 1 time
s.182
Purchaser of land discharging obligations of client under energy services agreement
amended 2 times
s.186
Fixtures on which a business premises renovation allowance has been made
amended 9 times
s.187
Section 187A: supplementary provision
Regulated
- Prove eligibility for capital allowances on fixturesAny Person
s.203
Amendment of returns etc. (opens in a new tab)
Regulated
- Amend your tax return if details regarding capital allowances changeAny Person
s.208
Effect of significant reduction in use for purposes of qualifying activity (opens in a new tab)
s.208
Cars: disposal value in avoidance cases
amended 1 time
s.217
No annual investment allowance or first-year allowance for B’s expenditure (opens in a new tab)
s.218
Further restriction on annual investment allowance
amended 8 times
s.218
Restrictions on writing-down allowances: section 215
amended 8 times
s.218
Disposal values: section 215
amended 8 times
s.228
Application of sections 228B and 228C
amended 2 times
s.228
S's income or profits etc : deductions
Regulated
- Limit tax deductions for sale and leaseback paymentsAny Person
amended 2 times
s.228
S's income or profits: termination of leaseback
amended 2 times
s.228
Lessor’s income or profits
amended 2 times
s.228
Lessor’s income or profits: termination of leaseback
amended 2 times
s.228
Lease and finance leaseback
amended 2 times
s.228
Leaseback not accounted for as finance lease in S's accounts
amended 2 times
s.228
Sections 228A to 228G: supplementary
amended 2 times
s.228
Plant or machinery subject to further operating lease
amended 2 times
s.228
Disposal of plant or machinery subject to lease where income retained
amended 2 times
s.228
Determining the net present value of the rentals for purposes of s.228K
amended 2 times
s.228
Other definitions for the purposes of s.228K
amended 2 times
s.228
Restriction of qualifying expenditure
amended 2 times
s.228
Calculation of present value
amended 2 times
s.228
Rental rebate
amended 2 times
s.250
EEA furnished holiday lettings businesses
amended 2 times
s.261
Special leasing: leasing partnerships
amended 2 times
s.262
First-year tax credits
amended 2 times
s.262
Co-ownership schemes: carrying on qualifying activity
amended 2 times
s.262
Co-ownership schemes: election
amended 2 times
s.262
Co-ownership schemes: calculation of allowance after election
amended 2 times
s.262
Co-ownership schemes: effect of election for participants
amended 2 times
s.262
Co-ownership schemes: effect of election for purchasers
amended 2 times
s.262
Co-ownership authorised contractual schemes: withdrawal of election
amended 2 times
s.262
Co-ownership schemes: definitions relating to schemes
amended 2 times
s.267
Restriction on effect of election
amended 1 time
s.268
Meaning of “car” and “motor cycle”
amended 1 time
s.268
Electrically-propelled vehicles
amended 1 time
s.268
Terms relating to emissions
amended 1 time
s.268
Hire cars for disabled persons
amended 1 time
s.268
Meaning of “assigns”
amended 1 time
311 other sections in this Part — procedural and definitional
s.013
Use for qualifying activity of plant or machinery provided for other purposes (opens in a new tab)
s.013
Use for other purposes of plant or machinery previously used for long funding leasing
s.013
Use for other purposes of plant or machinery: property businesses
s.017
Ordinary overseas property business
s.017
EEA furnished holiday lettings businesses
s.033
Expenditure on provision or replacement of integral features
s.033
Meaning of “replacement” in section 33A
s.034
Expenditure on plant or machinery for long funding leasing not qualifying expenditure
s.038
AIA qualifying expenditure
s.038
General exclusions applying to section 38A
s.038
Vehicles for which deductions allowed at fixed rate under Part 2 of ITTOIA 2005
s.045
Expenditure on energy-saving plant or machinery
s.045
Section 45A exclusion: feed-in tariffs and renewable heat incentives
s.045
Certification of energy-saving plant and machinery
s.045
Energy-saving components of plant or machinery
s.045
Expenditure on cars with low carbon dioxide emissions
s.045
Expenditure on zero-emission goods vehicles
s.045
Exclusions from allowances under section 45DA
s.045
Expenditure on plant or machinery for gas refuelling station
s.045
Expenditure on plant or machinery for electric vehicle charging point
s.045
Expenditure on plant and machinery for use wholly in a ring fence trade
s.045
Plant or machinery used for less than five years in a ring fence trade
s.045
Expenditure on environmentally beneficial plant or machinery
s.045
Certification of environmentally beneficial plant and machinery
s.045
Environmentally beneficial components of plant or machinery
s.045
Expenditure on plant and machinery for use in designated assisted areas
s.045
Exclusion of plant or machinery partly for use outside designated assisted areas
s.045
Exclusions from allowances under section 45K
s.045
Effect of plant or machinery subsequently being primarily for use outside designated assisted areas
s.045
Expenditure on plant and machinery for use in special tax sites
s.045
Power to amend conditions
s.045
Exclusion of plant or machinery partly for use outside special tax sites
s.045
Effect of failing to comply with ongoing requirements
s.045
Expenditure on plant or machinery in other cases
s.045
Exclusion of expenditure incurred under disqualifying arrangements
s.045
Expenditure on plant or machinery in cases not falling with section 45S etc
s.045
Exclusion of expenditure incurred under disqualifying arrangements
s.051
Entitlement to annual investment allowance
s.051
First restriction: companies
s.051
Second restriction: groups of companies
s.051
Third restriction: groups of companies under common control
s.051
Fourth restriction: other companies under common control
s.051
Companies and groups: meaning of “control”
s.051
Companies and groups: meaning of “related”
s.051
Fifth restriction: qualifying activities under common control
s.051
Qualifying activities: meaning of control
s.051
Qualifying activity: meaning of “related”
s.051
Sixth restriction: allocation where profits chargeable at NI rate
s.051
Operation of annual investment allowance where restrictions apply
s.051
Special provision for short chargeable periods
s.051
Special provision for long chargeable periods
s.051
Special provision for long chargeable periods: supplementary
s.052
Prevention of double relief
s.056
Writing-down allowances for small pools
s.059
Disposal of assets where first-year allowance made under section 45S for expenditure which is not special rate expenditure
s.059
Disposal of assets where first-year allowance made under section 45S for expenditure which is special rate expenditure
s.059
Sections 59A and 59B: tax avoidance arrangements
s.062
Cases in which disposal value is transition value
s.064
Leased assets: arrangements reducing disposal value of asset
s.066
Persons leaving cash basis
s.066
SME company entering NI corporation tax regime
s.066
SME partnership entering NI corporation tax regime
s.066
SME company leaving NI corporation tax regime
s.066
SME partnership leaving NI corporation tax regime
s.070
Entitlement to capital allowances
s.070
Long funding operating lease: amount of capital expenditure
s.070
Long funding finance lease: amount of capital expenditure
s.070
Long funding finance lease: additional expenditure: allowances for lessee
s.070
Transfer and long funding leaseback: restrictions on lessee's allowances
s.070
Disposal events and disposal values
s.070
Introductory
s.070
“Long funding lease”
s.070
Lessee: requirement for tax return treating lease as long funding lease
s.070
“Short lease”
s.070
“Funding lease”
s.070
“Plant or machinery lease”
s.070
Plant or machinery leased with other assets: separate derived leases
s.070
Derived leases of plant or machinery: term and rentals
s.070
The finance lease test
s.070
The lease payments test
s.070
The useful economic life test
s.070
Leases excluded by right of lessor etc to claim capital allowances
s.070
Excluded leases of background plant or machinery for a building
s.070
The disqualifications
s.070
Orders relating to background plant or machinery for a building
s.070
Plant or machinery leased with land: low percentage value
s.070
Tax avoidance involving international leasing
s.070
Transfers, assignments etc by lessor
s.070
Transfers, assignments etc by lessee
s.070
Sale and leaseback, lease and leaseback etc: lessors
s.070
Change in accountancy classification of long funding lease
s.070
Long funding operating lease: extension of term of lease
s.070
Extension of term of lease that is not a long funding lease
s.070
Increase in proportion of residual amount guaranteed: review of status
s.070
“Minimum lease payments”
s.070
The “term” of a lease
s.070
“Termination amount”
s.070
“Termination value”
s.070
General definitions
s.070
Power to vary the meaning of certain expressions
s.175
Meaning of “energy services agreement”
s.180
Energy services providers
s.187
Effect of changes in ownership of a fixture
s.192
Cessation of ownership of energy services provider
s.195
Acquisition of ownership by assignee of energy services provider
s.195
Acquisition of ownership by client
s.212
Scope of Chapter
s.212
Where Chapter applies
s.212
When there is qualifying change in relation to C
s.212
Guide to sections explaining section 212C
s.212
Principal companies
s.212
When company is owned by consortium and consortium members
s.212
Qualifying 75% subsidiaries
s.212
Ownership proportion
s.212
Relevant percentage share
s.212
Relevant excess of allowances
s.212
Relevant tax written-down value
s.212
Balance sheet value
s.212
Limiting conditions
s.212
Unallowable purpose
s.212
Old and new accounting periods
s.212
When there is excess of allowances in pool: amount of excess
s.212
Effect of excess of allowances on pools
s.212
When there are postponed capital allowances
s.212
Apportionment of proceeds of disposal of relevant plant and machinery
s.212
Transactions on relevant day
s.212
Cap on first-year allowances: zero-emission goods vehicles
s.212
Cap on first-year allowances: expenditure on plant and machinery for use in designated assisted areas
s.212
Apportionment of expenditure incurred partly for NI rate activity
s.212
Single asset pool etc
s.212
Allowances and charges on expenditure in single asset pool
s.212
Effect of significant change in balance of use
s.212
Application of Chapter to partnerships
s.212
“Main rate activity”
s.229
Transfer followed by hire-purchase etc: restrictions on hirer's allowances
Part 2
STRUCTURES AND BUILDINGS ALLOWANCES
1 of 58 sections shown
s.270
Evidence of qualifying expenditure etc
Regulated
- Create or obtain an allowance statement for building tax reliefAny Person
57 other sections in this Part — procedural and definitional
s.270
Structures and buildings allowances
s.270
Date on which construction begins
s.270
Meaning of “qualifying expenditure”
s.270
Capital expenditure incurred on construction
s.270
Sale of unused buildings or structures (other than by a developer)
s.270
Sale by a developer: unused buildings or structures
s.270
Sale by a developer: used buildings or structures
s.270
Meaning of references to carrying on trade as a developer
s.270
Acquisition or alteration of land etc
s.270
Market value rule
s.270
Provision of plant or machinery
s.270
Expenditure on renovation, conversion or incidental repairs
s.270
Preparation of sites
s.270
Apportionment of sums partly referable to non-qualifying assets
s.270
Evidence of the amount of expenditure
s.270
Expenditure incurred before qualifying activity carried on
s.270
Meaning of “ special tax site qualifying expenditure ”
s.270
Apportionment
s.270
Power to amend meaning of “ special tax site qualifying expenditure ” etc
s.270
Qualifying activities
s.270
Property businesses
s.270
Foreign permanent establishments
s.270
Companies with investment business
s.270
Qualifying use
s.270
Exclusion: residential use
s.270
Use for the purposes of a property business
s.270
General rule as to what is the relevant interest
s.270
Interest acquired on completion of construction
s.270
Effect of creation of subordinate interest
s.270
Leases granted for 35 years or more
s.270
Merger of leasehold interest
s.270
Proportionate adjustment in certain cases
s.270
Multiple uses
s.270
Research and development
s.270
Carrying on of highway undertakings
s.270
The relevant interest
s.270
Cases where highway concession is to be treated as extended
s.270
Introduction
s.270
Additional VAT liabilities
s.270
Additional VAT rebates
s.270
Adjustment for pre-April 2020 allowance
s.270
Trades
s.270
... UK property businesses and ... overseas property businesses
s.270
Professions and vocations
s.270
Mines, transport undertakings etc
s.270
Companies with investment business
s.270
Application of sections 270HG and 270HH
s.270
Apportionment of allowances
s.270
Different giving effect rules for BLAGAB
s.270
Supplementary
s.270
Anti-avoidance: general
s.270
Co-ownership schemes: carrying on qualifying activity
s.270
Co-ownership schemes: election
s.270
Co-ownership schemes: calculation of allowance after an election
s.270
Co-ownership schemes: definitions relating to schemes
s.270
Treatment of leases
s.270
Meaning of “lease” etc
Part 3
Industrial buildings allowances
12 of 91 sections shown
s.313
Calculation of allowance after sale of relevant interest: anti-avoidance
amended 1 time
s.320
Overall limit on balancing charge (opens in a new tab)
Regulated
Other duties (1) — Crown / regulator
- HMRC must limit balancing charges to the total allowances you receivedStatutory regulator
79 other sections in this Part — procedural and definitional
s.277
Exclusion of dwelling-houses, retail shops, showrooms, hotels and offices etc. (opens in a new tab)
Part 3
Business Premises Renovation Allowances
1 of 30 sections shown
s.360
Calculation of balancing adjustments
Regulated
- Calculate balancing adjustments when selling or disposing of assetsAny Person
29 other sections in this Part — procedural and definitional
s.360
Business premises renovation allowances
s.360
Meaning of “qualifying expenditure”
s.360
Expenditure not treated as qualifying expenditure if delay in carrying out works etc
s.360
Meaning of “qualifying building”
s.360
Meaning of “qualifying business premises”
s.360
General rule as to what is the relevant interest
s.360
Interest acquired on completion of conversion
s.360
Initial allowances
s.360
Premises not qualifying business premises or relevant interest sold before premises first used or let
s.360
Entitlement to writing-down allowances
s.360
Amount of allowance
s.360
Meaning of “
s.360
Grants affecting entitlement to allowances
s.360
When balancing adjustments are made
s.360
Balancing events
s.360
Proceeds from balancing events
s.360
Introduction
s.360
Writing off initial allowances and writing-down allowances
s.360
Treatment of demolition costs
s.360
Introduction
s.360
Additional
VAT
liabilities and initial allowances
s.360
Additional
VAT
liabilities and writing-down allowances
s.360
Additional VAT liabilities and writing off initial allowances
s.360
Additional
VAT
rebates and balancing adjustments
s.360
Additional
VAT
rebates and writing off qualifying expenditure
s.360
Meaning of “lease” etc.
s.360
Giving effect to allowances and charges: lessors and licensees
s.360
Apportionment of sums partly referable to non-qualifying assets
s.360
Provisions applying on termination of lease
Part 4
Agricultural buildings allowances
4 of 33 sections shown
s.387
Overall limit on balancing charge (opens in a new tab)
Regulated
- Check the maximum limit on balancing charges for capital allowancesAny Person
29 other sections in this Part — procedural and definitional
Part 4
FLAT CONVERSION ALLOWANCES
0 of 23 sections shown23 other sections in this Part — procedural and definitional
s.393
Flat conversion allowances
s.393
Meaning of “qualifying expenditure”
s.393
Meaning of “qualifying building”
s.393
Meaning of “qualifying flat”
s.393
High value flats
s.393
General rule as to what is the relevant interest
s.393
Interest acquired on completion of conversion
s.393
Initial allowances
s.393
Flat not qualifying flat or relevant interest sold before flat first let
s.393
Entitlement to writing-down allowances
s.393
Amount of allowance
s.393
Meaning of “the residue of qualifying expenditure”
s.393
When balancing adjustments are made
s.393
Balancing events
s.393
Proceeds from balancing events
s.393
Calculation of balancing adjustments
s.393
Introduction
s.393
Writing off initial allowances and writing-down allowances
s.393
Treatment of demolition costs
s.393
Giving effect to allowances and charges
s.393
Apportionment of sums partly referable to non-qualifying assets
s.393
Provisions applying on termination of lease
s.393
Meaning of “lease” etc.
Part 5
Mineral extraction allowances
25 of 58 sections shown
s.416
First-year allowances available for certain types of qualifying expenditure
amended 5 times
s.416
Expenditure incurred by company for purposes of a ring fence trade
amended 5 times
s.416
Time when expenditure is incurred
amended 5 times
s.416
First-year allowances
amended 5 times
s.416
Artificially inflated claims for first-year allowances
amended 5 times
s.416
Ring fence trades: expenditure on site restoration
amended 5 times
s.416
“Notional accounting period”
amended 5 times
s.416
Site restoration services supplied by connected person
amended 5 times
s.416
Restriction on allowance available
amended 5 times
s.416
Allowance where site restoration undertaken for other participators in oil field
amended 5 times
s.419
Unrelieved qualifying expenditure: entry to cash basis
amended 1 time
s.423
Sections 421 and 422: amount of disposal value to be brought into account (opens in a new tab)
33 other sections in this Part — procedural and definitional
s.411
Assets generally: limit is residue of previous trader’s qualifying expenditure (opens in a new tab)
s.412
Transfers of mineral assets within group: limit is initial group expenditure (opens in a new tab)
s.431
Foreign permanent establishment exemption
s.431
Disposal value: no allowance/no charge cases
s.431
Notional allowances
s.431
Persons leaving cash basis
Part 6
Research and development allowances
4 of 16 sections shown
s.443
Disposal values and disposal events (opens in a new tab)
Regulated
- Report disposal value when you stop owning a business assetAny Person
12 other sections in this Part — procedural and definitional
s.439
Qualifying expenditure incurred for purposes of NI rate activity
Part 7
Know-how allowances
4 of 14 sections shown
s.462
Disposal values (opens in a new tab)
Regulated
- Account for sale proceeds when selling business know-howAny Person
s.462
Persons leaving cash basis
amended 2 times
10 other sections in this Part — procedural and definitional
s.461
Unrelieved qualifying expenditure: entry to cash basis
Part 8
Patent allowances
4 of 22 sections shown18 other sections in this Part — procedural and definitional
s.475
Unrelieved qualifying expenditure: entry to cash basis
s.477
Persons leaving cash basis
Part 9
Dredging allowances
4 of 6 sections shown
s.487
Writing-down allowances (opens in a new tab)
Regulated
- Claim tax relief for dredging expenditureAny Person
2 other sections in this Part — procedural and definitional
Part 10
Assured tenancy allowances
3 of 42 sections shown39 other sections in this Part — procedural and definitional
Part 11
Contributions
8 of 13 sections shown
s.538
Buildings and structures
amended 6 times
5 other sections in this Part — procedural and definitional
Part 12
Supplementary provisions
24 of 44 sections shown
s.560
Transfers of trade without a change of ownership
amended 12 times
s.561
Transfer of asset by reason of cross-border merger
amended 13 times
s.563
Procedure for determining certain questions affecting one or more persons (opens in a new tab)
s.570
Avoidance affecting proceeds of balancing event
amended 4 times
s.570
Orders and regulations made by Treasury or Commissioners
amended 4 times
s.573
Special tax sites
amended 7 times
s.575
Section 575: supplementary
amended 1 time
20 other sections in this Part — procedural and definitional
Schedules
Schedules
2 of 256 shown
s.sch003
Balancing charges
Regulated
- Pay balancing charge on patent rights saleAny Person
s.sch003
Disposal of oil licences
Regulated
- Notify HMRC and obtain transferee consent when electing exploration expenditure attributionAny Person
254 other schedules
s.sch002
Section 42 (procedure for making claims etc.)
s.sch002
Schedule 2 (taxation)
s.sch002
Section 117 (company tax returns, assessments and related matters)
s.sch002
Schedule 2 para.101
s.sch002
Schedule 2 para.102
s.sch002
Schedule 18 (company tax returns, assessments and related matters)
s.sch002
Schedule 2 para.104
s.sch002
Schedule 33 (taxation)
s.sch002
Section 105 (corporation tax: use of currencies other than sterling)
s.sch002
Schedule 2 para.107
s.sch002
Schedule 22 (tonnage tax)
s.sch002
Schedule 26 (transfers: tax)
s.sch002
Schedule 2 para.11
s.sch002
Schedule 2 para.12
s.sch002
In subsection (7), omit “and section 29 of the 1990...
s.sch002
Schedule 2 para.14
s.sch002
Schedule 2 para.15
s.sch002
Schedule 2 para.16
s.sch002
Schedule 2 para.17
s.sch002
Schedule 2 para.18
s.sch002
Schedule 2 para.19
s.sch002
Section 57 (regulations about appeals)
s.sch002
Schedule 2 para.20
s.sch002
Schedule 2 para.21
s.sch002
Schedule 2 para.22
s.sch002
Schedule 2 para.23
s.sch002
Schedule 2 para.24
s.sch002
Schedule 2 para.25
s.sch002
Schedule 2 para.26
s.sch002
Schedule 2 para.27
s.sch002
Schedule 2 para.28
s.sch002
Section 384 (restrictions on right of set-off)
s.sch002
Section 58 (proceedings in tax cases in Northern Ireland)
s.sch002
Schedule 2 para.30
s.sch002
Schedule 2 para.31
s.sch002
Schedule 2 para.32
s.sch002
Schedule 2 para.33
s.sch002
Schedule 2 para.34
s.sch002
Schedule 2 para.35
s.sch002
Schedule 2 para.36
s.sch002
Schedule 2 para.37
s.sch002
Schedule 2 para.38
s.sch002
Sections 434D and 434E (capital allowances: management assets; investment assets)
s.sch002
Section 98 (special returns, etc.)
s.sch002
Schedule 2 para.40
s.sch002
Schedule 2 para.41
s.sch002
Schedule 2 para.42
s.sch002
Schedule 2 para.43
s.sch002
Sections 520 to 523 (patents)
s.sch002
Schedule 2 para.45
s.sch002
Schedule 2 para.46
s.sch002
Section 530 (disposal of know-how)
s.sch002
Schedule 2 para.48
s.sch002
Schedule 2 para.49
s.sch002
Schedule 2 para.5
s.sch002
Schedule 2 para.50
s.sch002
Schedule 2 para.51
s.sch002
Schedule 2 para.52
s.sch002
Schedule 2 para.53
s.sch002
Schedule 2 para.54
s.sch002
Schedule 2 para.55
s.sch002
Schedule 2 para.56
s.sch002
Schedule 2 para.57
s.sch002
Schedule 2 para.58
s.sch002
Section 831 (interpretation of Act)
s.sch002
Section 137 (expenditure met by regional development plans to be disregarded for certain purposes)
s.sch002
Schedule 2 para.60
s.sch002
Section 834 (interpretation of the Corporation Tax Acts)
s.sch002
Schedule 2 para.62
s.sch002
Schedule 18 (group relief)
s.sch002
Schedule 19AC (modification of Act in relation to overseas life insurance companies)
s.sch002
Schedule 21 (tax relief in connection with schemes for rationalising industry and other redundancy schemes)
s.sch002
Schedule 24 (assumptions for calculating chargeable profits, creditable tax and corresponding United Kingdom tax of foreign companies)
s.sch002
Schedule 2 para.67
s.sch002
Schedule 2 para.68
s.sch002
Schedule 12 (building societies: change of status)
s.sch002
Schedule 5 (transitional provisions and savings)
s.sch002
Schedule 2 para.70
s.sch002
Schedule 11 (taxation provisions)
s.sch002
Section 126 (pools payments for football ground improvements)
s.sch002
Schedule 2 para.73
s.sch002
Section 78 (sharing of transmission facilities)
s.sch002
Schedule 2 (levy of Class 4 contributions with income tax)
s.sch002
Schedule 2 (levy of Class 4 contributions with income tax)
s.sch002
Section 37 (consideration chargeable to tax on income)
s.sch002
Section 41 (restriction of losses by reference to capital allowances etc.)
s.sch002
Section 195 (allowance of certain drilling expenditure)
s.sch002
Section 6 (certification of films as British films)
s.sch002
Section 288 (interpretation)
s.sch002
Schedule 3 (assets held on 31st March 1982)
s.sch002
New sections 40A to 40D (films)
s.sch002
Section 41 (relief for preliminary expenditure)
s.sch002
Section 42 (relief for production or acquisition expenditure)
s.sch002
Section 43 (interpretation of sections 41 and 42)
s.sch002
Schedule 2 para.86
s.sch002
Schedule 17 (Northern Ireland electricity)
s.sch002
Section 92 (the basic rule: sterling to be used)
s.sch002
Section 93 (use of currency other than sterling)
s.sch002
Schedule 1 (certification of films as British films)
s.sch002
Schedule 2 (provisions relating to carrying out approved schemes or reorganisation)
s.sch002
Schedule 24 (provisions relating to the Railways Act 1993)
s.sch002
Schedule 25 (Northern Ireland Airports Limited)
s.sch002
Schedule 4 (taxation provisions)
s.sch002
Schedule 3 (taxation provisions)
s.sch002
Section 151 (benefits under pilot schemes)
s.sch002
Schedule 2 para.96
s.sch002
Schedule 7 (transfer schemes relating to BBC transmission network: taxation provisions)
s.sch002
Schedule 12 (leasing arrangements: finance leases and loans)
s.sch002
Section 48 (films: relief for production or acquisition expenditure)
s.sch003
The repeal of provisions and their enactment in a rewritten...
s.sch003
Section 9 does not apply in relation to expenditure incurred...
s.sch003
Giving effect to allowances and charges
s.sch003
Limit on qualifying expenditure
s.sch003
Writing-down allowances
s.sch003
Balancing allowances
s.sch003
The writing-down period
s.sch003
Regional development grants
s.sch003
Contributions not made by public bodies and not eligible for tax relief
s.sch003
Conditions for allowances
s.sch003
Agricultural buildings
s.sch003
Use for qualifying activity of plant or machinery provided for other purposes
s.sch003
Sections 368, 375 and 379 apply with the necessary modifications,...
s.sch003
Transfer of insurance company business
s.sch003
Election regarding sale consideration
s.sch003
(1) Subsections (2) and (3) of section 578A of ICTA...
s.sch003
Paragraph 18A of Schedule 30 to ICTA (transitional provisions and...
s.sch003
The repeals made by CAA 1990 do not have effect...
s.sch003
(1) Sections 40A to 40D of F(No.2)A 1992 (films) apply...
s.sch003
Section 40D of F(No.2)A 1992 (election relating to tax treatment...
s.sch003
Use for qualifying activity of plant or machinery which is a gift
s.sch003
Buildings, structures and land
s.sch003
Schedule 3 para.14
s.sch003
Plant or machinery acquired under hire purchase etc.
s.sch003
Plant or machinery on hire purchase etc.: fixtures
s.sch003
Plant or machinery provided by lessee
s.sch003
Software and rights to software
s.sch003
Schedule 3 para.19
s.sch003
Paragraph 1— (a) does not apply to any change in...
s.sch003
Long-life asset expenditure
s.sch003
Meaning of “overseas leasing”
s.sch003
Recovery of first-year allowances in case of joint lessees
s.sch003
Letting ships or aircraft to obtain old first-year allowance not a qualifying purpose
s.sch003
Further registration requirement
s.sch003
Pre-trading expenditure on mineral exploration and access
s.sch003
Abandonment expenditure incurred before cessation of ring fence trade
s.sch003
Abandonment expenditure incurred after cessation of ring fence trade
s.sch003
Oil production sharing contracts
s.sch003
Meaning of “interest in land” for purposes of Chapter 14 of Part 2 (fixtures)
s.sch003
Any subordinate legislation or other thing which—
s.sch003
Equipment lessors
s.sch003
Equipment lessee has qualifying activity etc.
s.sch003
Equipment lessor has right to sever fixture that is not part of building
s.sch003
Equipment lease is part of affordable warmth programme
s.sch003
Purchaser of land giving consideration for fixture
s.sch003
Purchaser of land discharging obligations of equipment lessee
s.sch003
Incoming lessee where lessor entitled to allowances
s.sch003
Incoming lessee where lessor not entitled to allowances
s.sch003
Fixture on which a plant and machinery allowance has been claimed
s.sch003
Fixture on which industrial buildings allowance has been made
s.sch003
Any reference (express or implied) in any enactment, instrument or...
s.sch003
Fixture on which research and development allowance has been made
s.sch003
Disposal value in relation to fixtures: general
s.sch003
Effect of significant reduction in use for purposes of qualifying activity
s.sch003
Relevant transactions: sale, hire-purchase (etc.) and assignment
s.sch003
Hire purchase etc. and finance leases
s.sch003
Sale and finance leasebacks
s.sch003
Schedule 3 para.46
s.sch003
Schedule 3 para.47
s.sch003
Schedule 3 para.48
s.sch003
Schedule 3 para.49
s.sch003
Any reference (express or implied) in any enactment, instrument or...
s.sch003
Schedule 3 para.50
s.sch003
Schedule 3 para.51
s.sch003
Successions by beneficiaries
s.sch003
Subsections (6) and (7) of section 268 do not apply...
s.sch003
Vehicles provided by employees in 1990-91
s.sch003
Certain expenditure incurred before 6th April 1976
s.sch003
Bridge undertakings
s.sch003
Building used by more than one licensee
s.sch003
Qualifying hotels
s.sch003
Non-industrial part of building disregarded
s.sch003
Paragraphs 1 to 5 have effect instead of section 17(2)...
s.sch003
Purchase of used building from developer
s.sch003
Qualifying enterprise zone expenditure
s.sch003
Sections 301, 303 and 304 do not apply in relation...
s.sch003
If— (a) the relevant interest in a building was sold...
s.sch003
Building occupied by qualifying licensee
s.sch003
Grants affecting entitlement to initial allowances
s.sch003
Basic rule for calculating amount of allowance
s.sch003
Calculation of amount after relevant event
s.sch003
When balancing adjustments are made
s.sch003
Net allowance given
s.sch003
Paragraphs 4 and 5 apply only in so far as...
s.sch003
For the purposes of section 324 an allowance is treated...
s.sch003
Balancing adjustment on realisation of capital value
s.sch003
Writing off qualifying expenditure when building not an industrial building
s.sch003
Crown or other person not within the charge to tax entitled to the relevant interest
s.sch003
Special provisions relating to highway concessions
s.sch003
Additional VAT liabilities and initial allowances: 1992-93 cases
s.sch003
Additional VAT liabilities and initial allowances: further case
s.sch003
1992-93 qualifying expenditure
s.sch003
Arrangements having an artificial effect on pricing
s.sch003
Expenditure on preparatory work on land where building used before 6th April 1956
s.sch003
(1) This paragraph applies where, in the case of any...
s.sch003
Overall limit on balancing charge
s.sch003
Meaning of “freehold interest in land” for purposes of Part 4
s.sch003
Exclusion of expenditure incurred before 1st April 1986
s.sch003
The writing-down period
s.sch003
Qualifying expenditure where buildings or structures cease to be used
s.sch003
Claims before 26th November 1996 in respect of acquisition of mineral asset owned by previous trader
s.sch003
Acquisition of oil licence from non-trader before 13th September 1995
s.sch003
Restrictions on qualifying expenditure in case of UK oil licence and certain other assets inapplicable for expenditure pre-16th July 1985
s.sch003
Expenditure incurred pre-1st April 1986
s.sch003
Expenditure incurred partly on research and development
s.sch003
Subsections (2) and (3) of section 4 apply with the...
s.sch003
References to research and development in relation to new trades
s.sch003
Scope of paragraphs 93 to 101
s.sch003
Qualifying expenditure and unrelieved qualifying expenditure
s.sch003
Entitlement to writing-down allowances
s.sch003
The writing-down period
s.sch003
Calculation of writing-down allowances
s.sch003
End of writing-down allowances
s.sch003
Reduced writing-down allowance
s.sch003
Balancing allowance on sale or expiry of patent rights
s.schedule a1 para.1
(1) A company may claim a first-year tax credit for...
s.schedule a1 para.10
Paragraphs 11 to 16 apply for the interpretation of paragraph...
s.schedule a1 para.11
(1) This paragraph applies where the qualifying activity is a...
s.schedule a1 para.12
(1) This paragraph applies where the qualifying activity is an...
s.schedule a1 para.13
(1) This paragraph applies where the qualifying activity is an...
s.schedule a1 para.14
(1) This paragraph applies where— (a) the qualifying activity is...
s.schedule a1 para.15
(1) This paragraph applies where the qualifying activity is managing...
s.schedule a1 para.16
(1) This paragraph applies where the qualifying activity is basic...
s.schedule a1 para.17
(1) For the purposes of paragraph 2(2)(a) the total amount...
s.schedule a1 para.18
(1) Where a company is entitled to a first-year tax...
s.schedule a1 para.19
(1) For the purposes of the relieving provisions (see paragraph...
s.schedule a1 para.2
(1) The amount of the first-year tax credit to which...
s.schedule a1 para.20
The relieving provisions are— (a) where the qualifying activity is...
s.schedule a1 para.21
(1) This paragraph applies if the qualifying activity is an...
s.schedule a1 para.22
(1) This paragraph applies where the qualifying activity is basic...
s.schedule a1 para.23
A payment in respect of a first-year tax credit is...
s.schedule a1 para.24
(1) This paragraph applies where— (a) a company to which...
s.schedule a1 para.25
(1) This paragraph applies for the interpretation of this Part...
s.schedule a1 para.26
(1) The amount of the restored loss is— ( LS...
s.schedule a1 para.27
(1) Where paragraph 24 applies, all such assessments and adjustments...
s.schedule a1 para.28
(1) To the extent that a transaction is attributable to...
s.schedule a1 para.29
In this Schedule— “ HMRC ” means the Commissioners for...
s.schedule a1 para.3
(1) In this Schedule “ relevant first-year expenditure ” means...
s.schedule a1 para.4
Paragraphs 5 to 9 apply for the interpretation of paragraph...
s.schedule a1 para.5
(1) This paragraph applies where the qualifying activity is an...
s.schedule a1 para.6
(1) This paragraph applies where the qualifying activity is an...
s.schedule a1 para.7
(1) This paragraph applies where— (a) the qualifying activity is...
s.schedule a1 para.8
(1) This paragraph applies where the qualifying activity is managing...
s.schedule a1 para.9
(1) This paragraph applies where the qualifying activity is basic...
1 other provision
s.first-year tax credits
First-year tax credits
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