Income Tax (Trading and Other Income) Act 2005

s.105 Industrial development grants

s.108 Gifts of trading stock to charities etc.

s.124 Herd basis elections Regulated

Make a herd basis election for your production herd on timeFarmer or Animal Keeper

s.128 Information if election made

s.130 Expenditure to which this Chapter applies

s.130 Chapter not to apply where cash basis used

amended 6 times

s.131 Meaning of “film” and related expressions

s.132 Meaning of “original master version” and “certified master version”

s.133 Meaning of “relevant period”

s.134 Expenditure treated as revenue in nature

s.135 Allocation of production or acquisition expenditure to relevant periods

s.138 Certified master versions: production expenditure

s.138 Certified master versions: acquisition expenditure

amended 6 times

s.139 Certified master versions: production expenditure on limited-budget films

amended 14 times (opens in a new tab)

s.140 Certified master versions: acquisition expenditure on limited-budget films

s.140 “Disqualifying deduction”

amended 14 times

s.141 “Total production expenditure in respect of the original master version”

s.142 When expenditure is incurred

s.142 Deferred income agreements which exist when deduction made

amended 1 time

s.142 Meaning of “deferred income agreement in respect of a film”

amended 1 time

s.142 Deferred income agreements entered into after deduction made

amended 1 time

s.142 Meaning of the “net excess relief”

amended 1 time

s.142 Sections 142A to 142D: time of entry into an agreement

amended 1 time

s.146 Meaning of “relevant telecommunication right”

s.148 Lessee under long funding finance lease: limit on deductions Regulated

Limit tax deductions for long funding finance lease paymentsAny Person

s.149 Taxation of amounts taken to reserves

s.150 Conversion etc. of securities held as circulating capital

s.155 Levies and repayments under FISMA 2000

s.157 Relief in respect of mineral royalties

s.158 Lease premiums etc: reduction of receipts

s.160 Alternative basis of calculation in early years of practice

s.162 Payments by persons liable to pool betting duty

s.167 Site preparation expenditure: supplementary

s.168 Site restoration payments

s.170 Deduction for capital expenditure

s.171 Allocation of ancillary capital expenditure

s.172 Costs of the building Regulated

Calculate building costs for tax deduction purposesTrader

s.173 Valuation of trading stock on cessation Regulated

Value your trading stock when closing your businessAny Person

s.175 Basis of valuation of trading stock

s.176 Sale basis of valuation: sale to unconnected person

s.177 Sale basis of valuation: sale to connected person

s.178 Sale basis of valuation: election by connected persons

s.179 Connected persons

s.180 Cost to buyer of stock valued on sale basis of valuation

s.184 Basis of valuation of work in progress

s.186 Determination of questions ...

s.189 Relief for unremittable amounts Regulated

Claim tax relief for unremittable foreign trade incomeTrader

s.194 Disposal of know-how as part of disposal of all or part of a trade

s.203 Apportionment etc. of profits to basis periods

s.217 Conditions for basis period to end with new accounting date

s.218 Commercial reasons for change of accounting date

s.220 Deduction for overlap profit on change of accounting date

s.221 Claim for averaging of fluctuating profits

s.221 Claim not available where cash basis used

amended 4 times

s.222 Circumstances in which claim for two-year averaging may be made

s.222 Circumstances in which claim for five-year averaging may be made

amended 7 times

s.223 Adjustment of profits

s.224 Effect of adjustment

s.225 Effect of later adjustment of profits

s.225 Meaning of “oil extraction activities”

amended 1 time

s.225 Meaning of “oil rights”

amended 1 time

s.225 Meaning of “ring fence income”

amended 1 time

s.225 Meaning of “ring fence trade”

amended 1 time

s.225 Other definitions

amended 1 time

s.225 Valuation where market value taken into account under section 2 of OTA 1975

amended 1 time

s.225 Valuation where disposal not sale at arm's length

amended 1 time

s.225 Valuation where excess of nominated proceeds

amended 1 time

s.225 Valuation where relevant appropriation but no disposal

amended 1 time

s.225 Valuation where appropriation to refining etc

amended 1 time

s.225 Reduction of expenditure by reference to regional development grant

amended 1 time

s.225 Adjustment as a result of regional development grant

amended 1 time

s.225 Tariff receipts etc

amended 1 time

s.225 Expenditure on abandonment guarantees

amended 1 time

s.225 Relief for reimbursement expenditure under abandonment guarantees

amended 1 time

s.225 Payment under abandonment guarantee not immediately applied

amended 1 time

s.225 Amounts excluded from section 225O(1)

amended 1 time

s.225 Introduction to section 225S

amended 1 time

s.225 Relief for expenditure incurred by a participator in meeting defaulter's abandonment expenditure

amended 1 time

s.225 Reimbursement by defaulter in respect of certain abandonment expenditure

amended 1 time

s.225 Interest on repayment of APRT

amended 1 time

s.225 Receipts arising from decommissioning

amended 1 time

s.225 Application of Chapter 16ZA

amended 1 time

s.225 Chapter not to apply where cash basis used

amended 1 time

s.225 Right to make claim

amended 1 time

s.225 Book value

amended 1 time

s.225 Effect of claim for spreading profits

amended 1 time

s.225 Adjustment: cessation of trading

amended 1 time

Claim for spreading profits for tax purposesTrader

amended 1 time

s.225 Interpretation

amended 1 time

s.225 Chapter not to apply where cash basis used

amended 1 time

s.227 Application of Chapter

s.227 Application of Chapter where cash basis used

amended 3 times

s.227 Cash basis treatment: full relief under Chapter 1 of Part 6A (trading allowance)

amended 3 times

s.227 Application of Chapter where section 227B applies

amended 3 times

s.229 Income charged

s.232 Treatment of adjustment income

s.235 Cases where adjustment not required until assets realised or written off

s.236 Change from realisation basis to mark to market

s.238 Spreading on ending of exemption for barristers and advocates

s.239 Election to accelerate charge under section 238

s.239 Spreading on leaving cash basis

amended 1 time

s.239 Election to accelerate charge under section 239A

amended 1 time

s.243 Extent of charge to tax

s.246 Basic meaning of “post-cessation receipt”

s.247 Other rules about what counts as post-cessation receipts

s.248 Debts paid after cessation

s.249 Debts released after cessation

s.250 Receipts relating to post-cessation expenditure

s.254 Allowable deductions

s.256 Treatment of post-cessation receipts

s.259 Meaning of “statutory insolvency arrangement”

308 other sections in this Part — procedural and definitional

s.003 Overview of Part 2

s.004 Provisions which must be given priority over Part 2

s.005 Charge to tax on trade profits

s.006 Territorial scope of charge to tax

s.006 Arrangements for avoiding tax

s.006 Trade of dealing in or developing UK land

s.007 Income charged

s.007 Apportionment etc of profits to tax year

s.007 Rule if trader starts to carry on trade after 31 March

s.007 Rule if there is a late accounting date

s.007 Election to disapply late accounting date rules

s.008 Person liable

s.009 Farming and market gardening

s.010 Commercial occupation of land other than woodlands

s.011 Commercial occupation of woodlands

s.012 Profits of mines, quarries and other concerns

s.013 Visiting performers

s.014 Visiting performers: supplementary

s.015 Divers and diving supervisors

s.016 Oil extraction and related activities

s.016 Voluntary office-holders: compensation for lost profits

s.016 Payments to company directors

s.016 Professionals in practice: incidental income from an office or employment

s.017 Effect of becoming or ceasing to be a UK resident

s.018 Effect of company starting or ceasing to be within charge to income tax

s.019 Tied premises

s.020 Caravan sites where trade carried on

s.021 Surplus business accommodation

s.022 Payments for wayleaves

s.022 Trading allowance

s.023 Rent-a-room and qualifying care relief

s.023 Application of section 23E: conditions

s.023 Meaning of “relevant benefit”

s.023 Meaning of “qualifying third party payment”

s.023 Other definitions

s.023 Tax treatment of relevant benefits

s.023 Relevant benefits: persons other than T

s.023 Anti-avoidance

s.023 Double taxation

s.023 Tax treatment of carried interest

s.023 Election to disapply section 23I

s.023 Location of trade treated as carried on under section 23I etc

s.023 Carried interest arising where individual deceased

s.023 Temporary non-UK residents: tax treatment of accrued carried interest gains

s.023 Permitted deduction etc

s.023 Carried interest: anti-avoidance

s.023 Carried interest: avoidance of double taxation

s.023 Definitions

s.024 Professions and vocations

s.024 Cash basis to apply by default

s.025 Generally accepted accounting practice

s.025 Cash basis for small businesses

s.025 Excluded trades

s.025 Election for profits to be calculated in accordance with GAAP

s.026 Losses calculated on same basis as profits

s.027 Receipts and expenses

s.028 Items treated under CAA 2001 as receipts and expenses

s.028 Money's worth

s.029 Interest

s.030 Animals kept for trade purposes

s.031 Relationship between rules prohibiting and allowing deductions

s.031 Conditions to be met for profits to be calculated on cash basis

s.031 Relevant maximum

s.031 Excluded persons

s.031 Effect of election under section 25A

s.031 Calculation of profits on cash basis

s.031 Overview of rest of Part 2 as it applies to cash basis

s.032 Professions and vocations

s.032 Application of Chapter to the cash basis

s.033 Capital expenditure

s.033 Cash basis: capital expenditure

s.034 Expenses not wholly and exclusively for trade and unconnected losses

s.035 Bad and doubtful debts

s.036 Unpaid remuneration

s.037 Unpaid remuneration: supplementary

s.038 Restriction of deductions

s.039 Making of “employee benefit contributions”

s.040 Provision of qualifying benefits

s.041 Timing and amount of certain qualifying benefits

s.042 Provision or payment out of employee benefit contributions

s.043 Profits calculated before end of 9 month period

s.044 Interpretation of sections 38 to 44

s.045 Business entertainment and gifts: general rule

s.046 Business entertainment: exceptions

s.047 Business gifts: exceptions

s.048 Car ... hire

s.049 Car ... hire: supplementary

s.050 Hiring cars (but not motor cycles) with low carbon dioxide emissions

s.050 Short-term hiring in and long-term hiring out

s.050 Connected persons: application of section 48

s.051 Patent royalties

s.051 Cash basis: interest payments on loans

s.052 Exclusion of double relief for interest

s.053 Social security contributions

s.054 Penalties and interest

s.055 Crime-related payments

s.055 Expenditure on integral features

s.055 Rental rebates

s.056 Professions and vocations

s.056 Application of Chapter to the cash basis

s.057 Pre-trading expenses

s.057 Expenses incurred by traders on food and drink

s.057 Cash basis: interest payments on loans

s.058 Incidental costs of obtaining finance

s.059 Convertible loans and loan stock etc.

s.060 Tenants under taxed leases: introduction

s.061 Tenants occupying land for purposes of trade treated as incurring expenses

s.062 Limit on deductions if tenant entitled to mineral extraction allowance

s.063 Tenants dealing with land as property employed for purposes of trade

s.064 Restrictions on section 61 expenses: lease premium receipts

s.065 Restrictions on section 61 expenses: lease of part of premises

s.066 Corporation tax receipts under ICTA treated as taxed receipts

s.067 Restrictions on section 61 expenses: corporation tax receipts under ICTA

s.068 Replacement and alteration of trade tools

s.069 Payments for restrictive undertakings

s.070 Employees seconded to charities and educational establishments

s.071 Educational establishments

s.072 Payroll deduction schemes: contributions to agents' expenses

s.073 Counselling and other outplacement services

s.074 Retraining courses

s.076 Redundancy payments and approved contractual payments

s.077 Payments in respect of employment wholly in employer's trade

s.078 Payments in respect of employment in more than one capacity

s.079 Additional payments

s.079 Additional payments: change in the persons carrying on the trade

s.080 Payments made by the Government

s.081 Personal security expenses

s.082 Contributions to local enterprise organisations or urban regeneration companies

s.083 Meaning of “local enterprise organisation”

s.084 Approval of local enterprise agencies

s.085 Supplementary provisions with respect to approvals

s.086 Meaning of “urban regeneration company”

s.086 Contributions to flood and coastal erosion risk management projects

s.086 Interpretation of section 86A

s.087 Expenses of research and development

s.088 Payments to research associations, universities etc.

s.089 Expenses connected with patents

s.090 Expenses connected with designs or trade marks

s.091 Payments to Export Credits Guarantee Department

s.092 Expenses connected with foreign trades

s.093 Allocation of expenses

s.094 Family expenses

s.094 Costs of setting up SAYE option scheme or CSOP scheme

s.094 Deductions in relation to salaried members

s.094 Professions and vocations

s.094 Provisions not applicable to certain firms

s.094 Expenditure on vehicles

s.094 Excluded vehicles

s.094 The appropriate mileage amount

s.094 Definitions of types of vehicle

s.094 Use of home for business purposes

s.094 Premises used both as a home and as business premises

s.095 Professions and vocations

s.095 Application of Chapter to the cash basis

s.096 Capital receipts

s.096 Capital receipts under, or after leaving, cash basis

s.096 Section 96A: supplementary provision

s.097 Debts incurred and later released

s.097 Cash basis: value of trading stock on cessation of trade

s.097 Cash basis: value of work in progress on cessation of profession or vocation

s.098 Acquisition of trade: receipts from transferor's trade

s.099 Reverse premiums

s.101 Tax treatment of reverse premiums

s.102 Arrangements not at arm's length

s.103 Connected persons and property arrangements

s.104 Distribution of assets of mutual concerns

s.106 Sums recovered under insurance policies etc.

s.106 Professions and vocations

s.106 Application of Chapter

s.106 Amounts not reflecting commercial transactions

s.106 Capital receipts

s.106 Gifts to charities etc

s.107 Professions and vocations

s.109 Receipt by donor or connected person of benefit attributable to certain gifts

s.110 Meaning of “designated educational establishment”

s.111 Election for application of herd basis rules

s.111 Herd basis rules not to apply where cash basis used

s.112 Meaning of “animal”, “herd”, “production herd” etc.

s.113 Other interpretative provisions

s.114 Initial cost of herd and value of herd

s.115 Addition of animals to herd

s.116 Replacement of animals in herd

s.117 Amount of receipt if old animal slaughtered under disease control order

s.118 Sale of animals from herd

s.119 Sale of whole or substantial part of herd

s.120 Acquisition of new herd begun within 5 years of sale

s.121 Section 120: sale for reasons outside farmer's control

s.122 Replacement of part sold begun within 5 years of sale

s.123 Section 122: sale for reasons outside farmer's control

s.125 Five year gap in which no production herd kept

s.126 Slaughter under disease control order

s.127 Preventing abuse of the herd basis rules

s.129 Further assessment etc. if herd basis rules apply

s.136 Application of provisions about certified master versions

s.137 Certified master versions: preliminary expenditure

s.143 Election for sections 134 to 140 not to apply

s.144 Meaning of “genuinely intended for theatrical release”

s.144 Chapter not to apply where cash basis used

s.145 Professions and vocations

s.147 Expenditure and receipts treated as revenue in nature

s.148 Credits or debits arising from revaluation

s.148 Lessor under long funding finance lease: rental earnings

s.148 Lessor under long funding finance lease: exceptional items

s.148 Lessor under long funding finance lease making termination payment

s.148 Lessor under long funding operating lease: periodic deduction

s.148 “Starting value”: general

s.148 “Starting value” where plant or machinery originally unqualifying

s.148 Long funding operating lease: lessor's additional expenditure

s.148 Determination of remaining residual value resulting from lessor's first additional expenditure

s.148 Determination of remaining residual value resulting from lessor's further additional expenditure

s.148 Lessor under long funding operating lease: termination of lease

s.148 Cases where ss. 148A to 148F do not apply: plant or machinery held as trading stock

s.148 Cases where ss. 148A to 148F do not apply: lessor also lessee under non-long funding lease

s.148 Cases where ss. 148A to 148F do not apply: other avoidance

s.148 Cases where ss 148A to 148F do not apply: films

s.148 Lessee under long funding finance leases: right-of-use leases

s.148 Lessee under long funding finance lease: termination

s.148 Lessee under long funding operating lease

s.148 Interpretation of Chapter 10A

s.148 Application of Chapter to the cash basis

s.148 Chapter not to apply where cash basis used

s.151 Exchanges of gilts for gilt strips

s.152 Consolidation of gilt strips

s.153 Meaning of “gilt-edged security” and “strip”

s.154 Regulations for determining market value of securities or strips

s.154 Certain non-UK residents with interest on 3½% War Loan 1952 Or After

s.156 Purchase or sale of woodlands

s.159 Ministers of religion

s.161 Mineral exploration and access

s.163 Deduction for deemed employment payment

s.164 Special rules for partnerships

s.164 Deduction for deemed employment payments

s.164 Intermediaries providing worker's services to public sector

s.165 Deduction for site preparation expenditure

s.166 Allocation of site preparation expenditure

s.169 Cemeteries and crematoria: interests in land

s.172 Exclusion of expenditure met by subsidies

s.172 Meaning of “trading stock”

s.172 Chapter not to apply where cash basis used

s.172 Trading stock appropriated by trader

s.172 Trading stock supplied by trader

s.172 Disposals not made in the course of trade

s.172 Acquisitions not made in the course of trade

s.172 Transfer pricing rules to take precedence

s.172 Niches, memorials and inscriptions: introduction

s.172 Allowable deductions: niches

s.172 Allowable deductions: memorials

s.172 Allowable deductions: inscriptions

s.174 Meaning of “trading stock”

s.181 Meaning of “sale” and related expressions

s.182 Valuation of work in progress on cessation

s.183 Meaning of “work in progress”

s.185 Election for valuation at cost

s.187 Professions and vocations

s.188 Application of Chapter

s.188 Chapter not to apply where cash basis used

s.190 Restrictions on relief

s.191 Withdrawal of relief

s.191 Chapter not to apply where cash basis used

s.192 Meaning of “know-how” etc.

s.193 Disposal of know-how if trade continues to be carried on

s.195 Seller controlled by buyer etc.

s.196 Professions and vocations

s.197 Meaning of “accounting date”

s.198 General rule

s.199 First tax year

s.200 Second tax year

s.201 Tax year in which there is no accounting date

s.202 Final tax year

s.204 Meaning of “overlap period” and “overlap profit”

s.204 Overlap profit and trading allowance under Chapter 1 of Part 6A

s.205 Deduction for overlap profit in final tax year

s.206 Restriction on bringing losses into account twice

s.207 Treatment of business start-up payments received in an overlap period

s.208 When the late accounting date rules apply

s.209 Rule if there is an accounting date

s.210 Rules if there is no accounting date

s.211 Treating middle date as accounting date

s.212 Consequence of treating middle date as accounting date

s.213 Circumstances in which middle date not treated as accounting date

s.214 When a change of accounting date occurs

s.215 Change of accounting date in third tax year

s.216 Change of accounting date in later tax year

s.219 The year after an ineffective change of accounting date

s.226 Professions and vocations

s.228 Adjustment income and adjustment expense

s.230 Person liable

s.231 Calculation of the adjustment

s.233 Treatment of adjustment expense

s.234 No adjustment for certain expenses previously brought into account

s.237 Election for spreading if section 236 applies

s.240 Liability of personal representatives if person liable dies

s.240 Professions and vocations

s.240 “Entering the cash basis”

s.240 Unrelieved qualifying expenditure: Parts 2, 7 and 8 of CAA 2001

s.240 Unrelieved qualifying expenditure: Part 5 of CAA 2001

s.240 Assets not fully paid for

s.240 Effect of election where predecessor and successor are connected persons

s.241 Professions and vocations

s.242 Charge to tax on post-cessation receipts

s.244 Income charged

s.245 Person liable

s.251 Transfer of rights if transferee does not carry on trade

s.252 Transfer of trading stock or work in progress

s.253 Lump sums paid to personal representatives for copyright etc.

s.255 Further rules about allowable deductions

s.257 Election to carry back

s.258 Changes in trustees and personal representatives

Part 3

Property income

66 of 145 sections shown

s.260 Overview of Part 3

s.269 Territorial scope of charge to tax

s.270 Income charged

amended 15 times (opens in a new tab)

s.272 Application of trading income rules: GAAP

s.272 Restricting deductions for finance costs related to residential property

amended 15 times

s.272 Meaning of “costs of a dwelling-related loan”

amended 15 times

s.272 Application of trading income rules: cash basis

amended 15 times

s.274 Relationship between rules prohibiting and allowing deductions

s.274 Reduction for individuals: entitlement

amended 11 times

s.274 Reduction for individuals: calculation

amended 11 times

s.274 Reduction for accumulated or discretionary trust income: entitlement

amended 11 times

s.274 Reduction for accumulated or discretionary trust income: calculation

amended 11 times

s.275 Apportionment etc. of profits to tax year

s.275 Rule if person starts to carry on business after 31 March

amended 2 times

s.275 Rule if there is a late accounting date

amended 2 times

s.275 Election to disapply late accounting date rules

amended 2 times

s.276 Introduction

s.276 Application of Chapter to property businesses using cash basis

amended 2 times

s.279 Sums payable instead of rent

s.281 Sums payable for variation or waiver of terms of lease

s.281 Sums to which sections 277 to 281 do not apply

amended 1 time

s.287 Circumstances in which additional calculation rule applies

s.288 The additional calculation rule

s.290 Meaning of “unused amount” and “unreduced amount”

s.293 Restrictions on section 292 expenses: the additional calculation rule

s.294 Restrictions on section 292 expenses: lease of part of premises

s.295 Limit on reductions and deductions Regulated

Limit tax deductions for premises expenses and lease reductionsTrader

s.296 Corporation tax receipts treated as taxed receipts

s.298 Taking account of deductions for rent as a result of section 37(4) or 87(2) of ICTA

s.299 Payment of tax by instalments

s.301 Claim for repayment of tax payable by virtue of section 284

s.302 Claim for repayment of tax payable by virtue of section 285

s.302 Appeals against proposed determinations

amended 1 time

s.302 Section 302A: supplementary

amended 1 time

s.302 Determination by tribunal

amended 1 time

s.303 Rules for determining effective duration of lease

s.304 Applying the rules in section 303

s.305 Information about effective duration of lease

s.308 Furnished lettings

s.308 Wear and tear allowance election

amended 1 time

s.308 Meaning of “eligible” in relation to a dwelling-house

amended 1 time

s.308 Effect of wear and tear allowance election

amended 1 time

s.312 Deduction for expenditure on energy-saving items

s.313 Restrictions on relief

s.314 Regulations

s.315 Deduction for expenditure on sea walls

s.318 Transfer involving company within the charge to corporation tax

s.319 Relief in respect of mineral royalties

amended 13 times (opens in a new tab)

s.322 Introduction

s.325 Meaning of “qualifying holiday accommodation”

s.326 Under-used holiday accommodation: averaging elections

s.326 Under-used holiday accommodation: letting condition not met

amended 3 times

s.327 Relief: UK property business

s.328 Relevant UK earnings for pension purposes: UK property business

s.328 Capital allowances and loss relief: overseas property business

amended 2 times

s.328 Relevant UK earnings for pension purposes: overseas property business

amended 2 times

s.331 Income charged

s.333 Treatment of adjustment income

s.337 Income charged

s.339 Deduction for management expenses of owner of mineral rights

s.343 Power of Commissioners to determine what counts as “mineral royalties”

s.351 Income charged

s.353 Basic meaning of “post-cessation receipt”

s.354 Other rules about what counts as a “post-cessation receipt”

s.356 Application to businesses within the charge to corporation tax

s.362 Effect of company starting or ceasing to be within charge to income tax

79 other sections in this Part — procedural and definitional

s.261 Provisions which must be given priority over Part 3

s.262 Priority between Chapters within Part 3

s.263 Introduction

s.264 UK property business

s.265 Overseas property business

s.266 Meaning of “generating income from land”

s.267 Activities not for generating income from land

s.268 Charge to tax on profits of a property business

s.271 Person liable

s.271 Basis of calculation of profits: GAAP required

s.271 Calculation of profits in accordance with GAAP

s.271 Basis of calculation of profits: cash basis required

s.271 Calculation of profits on the cash basis

s.271 Profits of a property business: application of trading income rules

s.273 Amounts not brought into account as part of a property business

s.277 Lease premiums

s.278 Amount treated as lease premium where work required

s.280 Sums payable for surrender of lease

s.282 Assignments for profit of lease granted at undervalue

s.283 Provisions supplementary to section 282

s.284 Sales with right to reconveyance

s.285 Sale and leaseback transactions

s.286 Provisions supplementary to sections 284 and 285

s.289 The additional calculation rule: special cases

s.291 Deductions for expenses under section 292

s.292 Tenants under taxed leases treated as incurring expenses

s.297 Taking account of reductions in corporation tax receipts

s.300 Statement of accuracy for purposes of section 282

s.306 Provisions about premiums

s.307 Interpretation

s.307 Cash basis: application of Chapter

s.307 Cash basis: capital expenditure

s.307 Cash basis: deduction for costs of loans

s.307 Cash basis: modification of deduction for costs of loans

s.307 Capital receipts under, or after leaving, cash basis

s.307 Deemed capital receipts under, or after leaving, cash basis

s.307 Property allowance

s.309 Rent-a-room relief

s.310 Acquisition of business: receipts from transferor's UK property business

s.311 Reverse premiums

s.311 Replacement domestic items relief

s.316 Transfer of interest in premises

s.317 Ending of lease of premises

s.320 Nature of item apportioned on sale of estate or interest in land

s.321 Mutual business

s.323 Meaning of “commercial letting of furnished holiday accommodation”

s.324 Meaning of “relevant period” in sections 325 and 326

s.329 Application of Chapter

s.329 Application of Chapter where cash basis used

s.330 Adjustment income and adjustment expense

s.332 Person liable

s.334 Treatment of adjustment expense

s.334 Spreading on leaving cash basis and related election

s.334 “Entering the cash basis”

s.334 Unrelieved qualifying expenditure

s.334 Assets not fully paid for

s.334 Effect of election where predecessor and successor are connected persons

s.335 Charge to tax on rent receivable in connection with a UK section 12(4) concern

s.336 Meaning of “rent receivable in connection with a UK section 12(4) concern”

s.338 Person liable

s.340 Relief in respect of mineral royalties

s.341 Meaning of “mineral lease or agreement” and “mineral royalties”

s.342 Extended meaning of “mineral royalties” etc. in Northern Ireland

s.344 Charge to tax on rent receivable for a UK electric-line wayleave

s.345 Meaning of “rent receivable for a UK electric-line wayleave”

s.346 Extent of charge to tax

s.347 Income charged

s.348 Person liable

s.349 Charge to tax on post-cessation receipts

s.350 Extent of charge to tax

s.352 Person liable

s.355 Transfer of rights if transferee does not carry on UK property business

s.357 Charge to tax on overseas property income

s.358 Meaning of “overseas property income”

s.359 Income charged

s.360 Person liable

s.361 Changes in trustees and personal representatives

s.363 Overseas property businesses and overseas land: adaptation of rules

s.364 Meaning of “lease” and “premises”

Part 4

Savings and investment income

127 of 254 sections shown

s.365 Overview of Part 4

s.367 Priority between Chapters within Part 4

s.368 Territorial scope of Part 4 charges

s.368 Interpretation of special rules for temporary non-residents

amended 1 time

s.369 Charge to tax on interest

s.372 Building society dividends

s.373 Open-ended investment company interest distributions

s.375 Interpretation of sections 373 and 374

s.376 Authorised unit trust interest distributions

s.379 Payments by registered societies or certain co-operatives

s.380 Funding bonds

s.380 FSCS payments representing interest

amended 3 times

s.381 Discounts

s.381 Charge to tax on disguised interest

amended 1 time

s.381 Income charged

amended 1 time

s.381 Person liable

amended 1 time

s.381 Avoidance of double taxation

amended 1 time

s.381 Exception for returns from certain shares

amended 1 time

s.382 Contents of Chapter

s.384 Income charged

s.385 Person liable

s.385 No charge to tax on purchase by company of exempt employee shareholder shares

amended 1 time

s.388 Interpretation of sections 386 and 387

s.389 Authorised unit trust dividend distributions

s.392 SIP shares: introduction

s.393 Later charge where cash dividends retained in SIPs are paid over

s.394 Distribution when dividend shares cease to be subject to SIP

s.395 Reduction in tax due in cases within section 394

s.396 Interpretation of sections 392 to 395

s.396 Arrangements offering a choice of capital or income return

amended 2 times

s.396 Distributions in a winding up

amended 2 times

s.397 Tax credits for qualifying distributions of UK resident companies : UK residents and eligible non-UK residents

s.397 Tax credits for distributions of non-UK resident companies: UK residents and eligible non-UK residents

amended 11 times

s.397 Tax credit under section 397A: conditions

amended 11 times

s.397 Tax credits under section 397A: manufactured overseas dividends

amended 11 times

s.397 Meaning of “qualifying territory”

amended 11 times

s.397 Meaning of “minority shareholder”

amended 11 times

s.398 Increase in amount or value of dividends where tax credit available

amended 17 times (opens in a new tab)

s.399 Tax treated as paid on distributions received by non-UK resident persons

s.400 Non-qualifying distributions

s.401 Relief: distribution repaying shares or security issued in earlier distribution

s.401 Recovery of overpaid tax credit etc

amended 3 times

s.401 Power to obtain information

amended 3 times

s.401 Temporary non-residents

amended 3 times

s.401 Relief: distributions to trustees of employee-ownership trusts

amended 3 times

s.403 Income charged

s.405 SIP shares: introduction

s.406 Later charge where cash dividends retained in SIPs are paid over

s.407 Dividend payment when dividend shares cease to be subject to SIP

s.408 Reduction in tax due in cases within section 407

s.408 Temporary non-residents

amended 4 times

s.410 When stock dividend income arises

s.410 Conversion etc of bonus share capital

amended 6 times

s.411 Income charged

s.412 Cash equivalent of share capital

s.413 Person liable

s.413 Temporary non-residents

amended 1 time

s.414 Income tax treated as paid

s.414 Interpretation of Chapter

amended 3 times

s.415 Charge to tax under Chapter 6

s.416 Income charged

s.417 Person liable

s.418 Relief where borrowers liable as settlors

s.419 Loans and advances to persons who die

s.420 Loans and advances to trustees of trusts that have ended

s.420 Temporary non-residents

amended 5 times

s.421 Income tax treated as paid

s.421 Power to obtain information

amended 2 times

s.426 Annuity payments received after deduction of tax

s.430 Meaning of “deeply discounted security”

s.437 Transactions which are disposals

s.438 Timing of transfers and acquisitions

s.440 Market value disposals

s.441 Market value acquisitions

s.443 Application of this Chapter to strips of government securities

s.444 Meaning of “strip” in Chapter 8

s.446 Strips of government securities: relief for losses

s.450 Market value of strips etc.

s.454 Listed securities held since 26th March 2003: relief for losses

s.455 Listed securities held since 26th March 2003: calculating the profit or loss on disposals

s.456 Securities issued to connected persons etc. at excessive price: subsequent transfers to connected persons

s.457 Trustees

s.459 Transfer of assets abroad

s.460 Minor definitions

s.465 Person liable: individuals

s.465 Amounts for which individuals liable to be treated as highest part of total income

amended 4 times

s.465 Temporary non-residents

amended 4 times

s.466 Person liable: personal representatives

s.467 Person liable: UK resident trustees

s.468 Non-UK resident trustees and foreign institutions

s.469 Two or more persons interested in policy or contract

s.473 Policies and contracts to which Chapter 9 applies: general

s.473 Connected policies or contracts treated as single policy or contract

amended 3 times

s.476 Special rules: foreign policies

s.482 Excepted group life policies: conditions about persons intended to benefit

s.483 Exclusion of credit union group life policies

s.485 Disregard of certain events in relation to qualifying policies

s.486 Exclusion of maturity of capital redemption policies in certain circumstances

s.487 Disregard of certain assignments

s.491 Calculating gains: general rules

s.496 Modification of section 494: qualifying endowment policies held as security for company debts

s.501 Part surrenders: loans

s.504 Part surrenders: payments under guaranteed income bonds etc.

s.514 Chargeable events where transaction-related calculations show gains

s.520 The property categories

s.528 Reduction in amount charged on basis of non-UK residence where individual liable for tax

s.528 Reduction in amount charged on basis of non-UK residence of deceased person

amended 9 times

s.529 Exceptions to section 528

s.530 Income tax treated as paid etc.

s.531 Exceptions to section 530

s.533 Meaning of “comparable EEA tax charge”

s.535 Top slicing relief

s.536 Top slicing relieved liability: one chargeable event

s.537 Top slicing relieved liability: two or more chargeable events

amended 24 times (opens in a new tab)

s.538 Recovery of tax from trustees Regulated

Recover excess tax from trustees or repay over-recovered amountsTrader

s.539 Relief for deficiencies

s.541 Calculation of deficiencies

s.541 Effect of rebated or reinvested commission in certain cases

amended 1 time

s.541 Section 541A: further definitions

amended 1 time

s.545 Minor definitions

s.546 Table of provisions subject to special rules for older policies and contracts

s.551 Charge to tax on profits from disposal of deposit rights

s.552 Meaning of “deposit rights”

s.567 Losses

s.568 Special rule for certain income of trustees

s.569 Anti-avoidance: transfer of assets abroad

s.570 Charge to tax under Chapter 13

127 other sections in this Part — procedural and definitional

s.366 Provisions which must be given priority over Part 4

s.370 Income charged

s.370 Valuation of interest not paid in cash

s.371 Person liable

s.374 Date when interest payments under section 373 made

s.377 Date when interest payments under section 376 made

s.378 Interpretation of sections 376 and 377

s.378 Offshore fund distributions

s.383 Charge to tax on dividends and other distributions

s.386 Open-ended investment company dividend distributions

s.387 Date when dividends paid under section 386

s.390 Date when dividends paid under section 389

s.391 Interpretation of sections 389 and 390

s.402 Charge to tax on dividends from non-UK resident companies

s.404 Person liable

s.404 Distributions in a winding up

s.409 Charge to tax on stock dividend income

s.422 Charge to tax on purchased life annuity payments

s.423 Meaning of “purchased life annuity”

s.424 Income charged

s.425 Person liable

s.427 Charge to tax on profits from deeply discounted securities

s.428 Income charged

s.429 Person liable

s.431 Excluded occasions of redemption

s.432 Securities which are not deeply discounted securities

s.433 Meaning of “excluded indexed security”

s.434 Securities issued in separate tranches: preliminary

s.435 Securities issued in separate tranches: basic rule

s.436 Deeply discounted securities issued in separate tranches: nominal value rule

s.439 Calculating the profit from disposals

s.442 Securities issued in accordance with qualifying earn-out right

s.445 Strips of government securities: acquisitions and disposals

s.447 Restriction of profits on strips by reference to original acquisition cost

s.448 Restriction of losses on strips by reference to original acquisition cost

s.449 Strips of government securities: manipulation of acquisition, transfer or redemption payments

s.451 Market value of strips etc. quoted in foreign stock exchange lists

s.452 Power to modify this Chapter for strips

s.452 Application of this Chapter to corporate strips

s.452 Meaning of “interest-bearing corporate security” in Chapter 8

s.452 Conversion of interest-bearing corporate securities into corporate strips

s.452 Conversion into corporate strips: lower level conversions

s.452 Meaning of “corporate strip” in Chapter 8

s.452 Corporate strips: acquisitions and disposals

s.452 Corporate strips: manipulation of acquisition, transfer or redemption payments

s.453 Application of sections 454 to 456

s.458 Non-UK resident trustees

s.461 Charge to tax under Chapter 9

s.462 When gains arise from policies and contracts

s.463 Income charged

s.463 Restricted relief qualifying policies: disapplication of section 485 etc

s.463 Restricted relief qualifying policies: allowable premiums

s.463 Restricted relief qualifying policies: personal representatives and trustees with deceased settlors

s.463 Restricted relief qualifying policies: assignments and events following assignments etc

s.463 Transitional protection for policies issued in respect of insurances made on or after 21 March 2012 but before 6 April 2013

s.464 Person liable for tax: introduction

s.470 Interests in rights under a policy or contract for section 469

s.471 Determination of shares etc.

s.472 Trusts created by two or more persons

s.474 Special rules: qualifying policies

s.475 Special rules: personal portfolio bonds

s.477 Special rules: certain older policies and contracts

s.478 Exclusion of mortgage repayment policies

s.479 Exclusion of pension policies

s.480 Exclusion of excepted group life policies

s.481 Excepted group life policies: conditions about benefits

s.484 When chargeable events occur

s.488 Disregard of some events after alterations of life insurance policy terms

s.489 Conditions applicable to alterations of life insurance policy terms

s.490 Last payment under guaranteed income bonds etc. treated as total surrender

s.492 The total benefit value of a policy or contract

s.493 The value of a policy or contract

s.494 The total allowable deductions for a policy or contract

s.495 Disregard of certain amounts in calculating gains under section 491

s.497 Disregard of trivial inducement benefits

s.498 Requirement for periodic calculations in part surrender or assignment cases

s.499 Meaning of “insurance year” and “final insurance year”

s.500 Events treated as part surrenders

s.502 Exception from section 501 for loans to buy life annuities

s.503 Exception from section 501 for certain loans under qualifying policies

s.505 Assignments etc. involving co-ownership

s.506 Assignments occurring when there is a co-ownership transaction

s.507 Method for making periodic calculations under section 498

s.507 Recalculating gains under section 507

s.508 The value of rights partially surrendered or assigned

s.509 Chargeable events in certain cases where periodic calculations show gains

s.510 Requirement for transaction-related calculations in certain part surrender and assignment cases

s.511 Method for making transaction-related calculations under section 510

s.512 Available premium left for relevant transaction

s.512 Recalculating gains under section 511

s.513 Special rules for part surrenders and assignments in final insurance year

s.515 Requirement for annual calculations in relation to personal portfolio bonds 9

s.516 Meaning of “personal portfolio bond”

s.517 Policies and contracts which are not personal portfolio bonds

s.518 The index categories

s.519 The index selection conditions

s.521 The property selection conditions

s.522 Method for making annual calculations under section 515

s.523 The total amount of personal portfolio bond excesses

s.524 The total amount of part surrender gains

s.525 Chargeable events where annual calculations show gains

s.526 Power to make regulations about personal portfolio bonds

s.527 Reduction for sums taken into account otherwise than under Chapter 9

s.532 Relief for policies and contracts with European Economic Area insurers

s.534 Regulations providing for relief in other cases where foreign tax chargeable

s.540 When deficiencies arise: events following calculation events

s.542 Replacement of qualifying policies

s.543 Issue time of qualifying policy replacing foreign policy

s.544 Application of Chapter to policies and contracts in which companies interested

s.553 Income charged

s.554 Person liable

s.555 Charge to tax under Chapter 12

s.556 Income charged

s.557 Person liable

s.558 Meaning of “future”, “option” etc.

s.559 When disposals involve guaranteed returns

s.560 Production of guaranteed returns

s.561 The return from one or more disposals

s.562 When disposals of futures and options occur: general

s.563 Timing of certain grants of options where related disposals occur later

s.564 Deemed disposal where futures run to delivery or options are exercised

s.565 Interpretation of section 564

s.566 When transactions are related

s.571 Meaning of “foreign holdings” etc.

s.572 Income charged

s.573 Person liable

s.section/ section/

Part 5

Miscellaneous income

87 of 178 sections shown

s.574 Overview of Part 5

s.576 Priority between Chapters within Part 5

s.577 Territorial scope of Part 5 charges

s.577 Territorial scope of Part 5 charges: receipts from intellectual property

amended 2 times

s.578 Contents of Chapter

s.595 Deduction of tax from payments to non-UK residents

s.596 Adjustments where tax has been deducted Regulated

Claim tax repayments for adjustments on patent salesTrader

s.601 How relief is given under section 600

s.602 Payments received after deduction of tax

s.613 Application of trading income rules to non-trade businesses

s.616 Person liable Regulated

Pay income tax on business or miscellaneous incomeAny Person

s.618 Payments received after deduction of tax

s.619 Charge to tax under Chapter 5

s.619 Income treated as highest part of settlor's total income

amended 10 times

s.620 Meaning of “settlement” and “settlor”

s.621 Income charged

s.622 Person liable Regulated

Pay income tax on settlement income as the settlorAny Person

s.623 Calculation of income

s.624 Income where settlor retains an interest

s.625 Settlor's retained interest

s.626 Exception for outright gifts between spouses or civil partners

s.627 Exceptions for certain types of income

s.628 Exception for gifts to charities

s.628 Exception for protected foreign-source income

amended 11 times

s.628 Section 628A: tainting

amended 11 times

s.628 Foreign income arising before, but remitted on or after, 6 April 2017

amended 11 times

s.629 Income paid to relevant children of settlor

s.630 Exception for gifts to charities

s.630 Exception for protected foreign-source income

amended 1 time

s.631 Retained and accumulated income

s.632 Offshore income gains

s.634 Meaning of “capital sum” and “sums paid to settlor”

s.635 Amount of available income

amended 15 times (opens in a new tab)

s.636 Calculation of undistributed income

s.637 Qualifications to section 636

s.640 Grossing-up of deemed income

s.643 Interpretation of sections 641 and 642

s.643 Benefits paid out of protected foreign-source income or transitional trust income

amended 1 time

s.643 Meaning of “untaxed benefits total” in section 643A

amended 1 time

s.643 Meaning of “available protected income” in section 643A

amended 1 time

s.643 Reduction in section 643A income: previous capital gains tax charge

amended 1 time

s.643 Reimbursement of tax paid by settlor because of section 643B(2)

amended 1 time

s.643 Onward gifts from non-residents or qualifying new residents

amended 1 time

s.643 Income attributed by section 643A to user of remittance basis

amended 1 time

s.643 Section 643F(4): benefits and income “relating” to deemed income

amended 1 time

s.643 Meaning of close member of settlor's family in sections 643A to 643EA

amended 1 time

s.643 Recipients of onward gifts

amended 1 time

s.643 Cases where income treated as arising to recipient of onward gift

amended 1 time

s.643 Cases where deemed income attributed to recipient of onward gift

amended 1 time

s.643 Cases where settlor liable following onward gift

amended 1 time

s.643 Onward gift to settlor or close family member by other recipient

amended 1 time

s.643 Person liable under section 643J or 643L and remittance basis applied

amended 1 time

s.643 “Protected foreign-source income” and “transitional trust income”

amended 1 time

s.643 Protected foreign-source income and transitional trust income not to be taxed elsewhere in Chapter

amended 1 time

s.645 Property or income originating from settlor

s.646 Adjustments between settlor and trustees etc.

s.646 Trustees' expenses to be rateably apportioned

amended 8 times

s.647 Power to obtain information

s.648 Income arising under a settlement

s.649 Charge to tax on estate income Regulated

Pay income tax on income received from a deceased person's estateAny Person

s.650 Absolute, limited and discretionary interests

s.651 Meaning of “UK estate” and “foreign estate”

s.656 Income charged: UK estates

s.657 Income charged: foreign estates

s.663 The applicable rate for grossing up basic amounts of estate income

s.664 The aggregate income of the estate

s.668 Reduction in share of residuary income of estate

amended 16 times (opens in a new tab)

s.669 Reduction in residuary income: inheritance tax on accrued income

s.670 Applicable rate for determining assumed income entitlement (UK estates)

s.671 Successive absolute interests

s.677 Relief where UK income tax borne by foreign estate: absolute interests

s.678 Relief where UK income tax borne by foreign estate: limited and discretionary interests

s.679 Income from which basic amounts are treated as paid

amended 12 times (opens in a new tab)

s.679 Income from which sums within section 668(1)(b) are treated as paid

amended 6 times

s.680 Income treated as bearing income tax

s.680 Income treated as dividend income

amended 12 times

s.680 Income treated as savings income

amended 12 times

s.680 Income treated as property income

amended 12 times

s.682 Assessments, adjustments and claims after the administration period

s.682 Statements relating to estate income Regulated

Provide a written statement of estate income and tax upon requestAny Person

amended 1 time

s.683 Charge to tax on annual payments not otherwise charged

s.684 Income charged

s.686 Payments received after deduction of tax

s.687 Charge to tax on income not otherwise charged

s.688 Income charged Regulated

Pay income tax on miscellaneous trading and other incomeAny Person

s.689 Person liable

s.689 Temporary non-residents

amended 1 time

91 other sections in this Part — procedural and definitional

s.575 Provisions which must be given priority over Part 5

s.579 Charge to tax on royalties and other income from intellectual property

s.580 Income charged under section 579

s.581 Person liable for tax under section 579

s.582 Deductions in calculating certain income charged under section 579

s.583 Charge to tax on income from disposals of know-how

s.584 Exceptions to charge under section 583

s.585 Income charged under section 583

s.586 Person liable for tax under section 583

s.587 Charge to tax on income from sales of patent rights

s.588 Income charged under section 587

s.589 Person liable for tax under section 587

s.590 UK resident sellers: spreading rules

s.591 Non-UK resident sellers: election for spreading

s.592 Further provision about elections for spreading: instalments

s.593 Death of seller

s.594 Winding up of a body corporate

s.597 Licences connected with patents

s.598 Rights to acquire future patent rights

s.599 Sums paid for Crown use etc. treated as paid under licence

s.600 Relief for expenses: patent income

s.603 Contributions to expenditure

s.604 Contributions not made by public bodies nor eligible for tax relief

s.605 Exchanges

s.606 Apportionment where property sold together

s.607 Questions about apportionments affecting two or more persons

s.608 Meaning of “capital sums” etc.

s.608 Charge to tax on UK-derived amounts

s.608 Income charged under section 608A

s.608 Person liable for tax under section 608A

s.608 Meaning of residence

s.608 Meaning of “full treaty territory”

s.608 Meaning of “UK-derived amount” and “UK sales”

s.608 Section 608F: apportionment of amounts

s.608 Section 608F: disregard for third party sales where intangible property makes insignificant contribution

s.608 Meaning of “intangible property”

s.608 Application of Chapter to certain partnerships

s.608 Exemption where limited UK sales

s.608 Exemption where company resident in specified territory

s.608 Exemption where business undertaken within territory of residence

s.608 Exemption where foreign tax at least half of UK tax

s.608 Section 608L: the local tax amount

s.608 Exemption where income of opaque partnership taxable in full treaty territory

s.608 Exemption for certain bodies corporate that are transparent in full treaty territory

s.608 Exemption for double taxation on amounts within same control group

s.608 Exemptions: further provision

s.608 Notice requiring payment from person in same control group as taxpayer

s.608 Payment notice: effect

s.608 Payment notice: appeals

s.608 Payment notice: effect of making payment etc

s.608 Control groups

s.608 Related persons

s.608 Meaning of “51% investment” and “25% investment”

s.608 Meaning of direct or indirect participation in management, control or capital

s.608 Anti-avoidance

s.608 Interaction with other general provisions

s.608 Appeals against assessments

s.608 Interpretation of Chapter: general

s.609 Charge to tax on films and sound recordings businesses

s.610 Income charged

s.611 Person liable

s.612 Calculation of income

s.614 Charge to tax on certain telecommunication rights of a non-trader

s.615 Income charged

s.617 Deductions in calculating certain income charged

s.633 Capital sums paid to settlor by trustees of settlement

s.638 Capital sums paid by way of loan or repayment of loan

s.639 Loans to participators in close companies

s.641 Capital sums paid to settlor by body connected with settlement

s.642 Exception for certain loans or repayments of loans

s.644 Application to settlements by two or more settlors

s.652 Estate income: absolute interests in residue

s.653 Meaning of “the administration period” and “the final tax year”

s.654 Estate income: limited interests in residue

s.655 Estate income: discretionary interests in residue

s.658 Special rules for foreign income

s.659 Person liable

s.660 Basic amount of estate income: absolute interests

s.661 Basic amount of estate income: limited interests

s.662 Basic amount of estate income: discretionary interests

s.665 Assumed income entitlement

s.666 The residuary income of the estate

s.667 Shares of residuary income of estate

s.672 Successive interests: assumed income entitlement of holder of absolute interest following limited interest

s.673 Successive interests: payments in respect of limited interests followed by absolute interests

s.674 Successive interests: holders of limited interests

s.675 Basic amount of estate income: successive limited interests

s.676 Apportionments

s.681 Transfers of assets etc. treated as payments

s.685 Person liable

s.685 Settlor-interested settlements

Part 6

Exempt income

53 of 104 sections shown

s.691 National Savings Bank ordinary account interest

s.694 Income from individual investment plans

s.694 Deceased investors

amended 1 time

s.695 Investment plans

s.695 Investment plans for children

amended 1 time

s.697 Special requirements for certain foreign managers

s.698 Requirements for discharge of foreign institution's duties

s.699 Non-entitlement to exemption

s.700 Information

s.701 General and supplementary powers

s.703 Meaning of “certified SAYE savings arrangement”

s.704 Types of arrangements and providers

s.705 Certification of arrangements

s.706 Withdrawal and variation of certifications and connected requirements

s.707 Authorisation of providers

s.708 Withdrawal and variation of authorisations

s.714 Exemption of profits from FOTRA securities

s.715 Interest from FOTRA securities held on trust

s.717 Exemption for part of purchased life annuity payments

s.723 Determinations

s.724 Regulations

s.726 Meaning of “care provider”

s.729 Payments for non-taxable consideration

s.730 Foreign maintenance payments

s.731 Periodical payments of personal injury damages

s.732 Compensation awards

s.733 Persons entitled to exemptions for personal injury payments etc.

s.734 Payments from trusts for injured persons

s.742 Meaning of “the insured”

s.744 Payments to adopters , etc : England and Wales

amended 14 times (opens in a new tab)

s.745 Payments to adopters, etc: Scotland

s.746 Payments to adopters, etc: Northern Ireland

s.748 Payments by persons liable to pool betting duty

s.749 Repayment interest, and interest paid under repayment supplements

s.749 Interest on tax overpaid

amended 2 times

s.750 Interest from tax reserve certificates

s.752 Interest under employees' share schemes

s.754 Redemption of funding bonds

s.755 Interest on foreign currency securities etc. owned by non-UK residents

s.757 Interest and royalty payments: introduction

s.758 Exemption for certain interest and royalty payments

s.762 Interest payments: exemption notices

s.763 Special relationships

s.764 Application of ICTA provisions about special relationships

s.765 Anti-avoidance

s.767 Power to amend references to the Directive by order

s.770 Amounts applied by SIP trustees acquiring dividend shares or retained for reinvestment

s.771 Relevant foreign income of consular officers and employees

s.776 Scholarship income

s.776 Payments under Jobs Growth Wales Plus

amended 2 times

s.777 VAT repayment supplements

s.780 Disabled person's vehicle maintenance grant

s.783 General disregard of exempt income for income tax purposes

51 other sections in this Part — procedural and definitional

s.690 Overview of Part 6

s.692 Income from savings certificates

s.693 Income from Ulster Savings Certificates

s.696 Plan managers

s.702 Interest under certified SAYE savings arrangements

s.709 Venture capital trust dividends

s.710 Treatment of shares where annual acquisition limit exceeded

s.711 Identification of shares after disposals

s.712 Identification of shares after reorganisations etc.

s.713 Introduction: securities free of tax to residents abroad (“ FOTRA securities ”)

s.716 Restriction on deductions etc. relating to FOTRA securities

s.718 Excluded annuities

s.719 Extent of exemption under section 717

s.720 Exempt proportion: term dependent solely on duration of life

s.721 Exempt sum: term dependent solely on duration of life

s.722 Consideration for the grant of annuities

s.725 Annual payments under immediate needs annuities

s.727 Certain annual payments by individuals

s.728 Commercial payments

s.735 Health and employment insurance payments

s.736 Health and employment risks and benefits

s.737 Period for which payments may be made

s.738 Risk of significant loss

s.739 Conditions to be met by policies also providing other benefits

s.740 Conditions to be met where policies are linked

s.741 Aggregation of policies where employment ends for health reasons

s.743 Policies for the benefit of others who contribute to premiums

s.747 Power to amend sections 744 to 746

s.751 Interest on damages for personal injury

s.753 Interest on repayment of student loan

s.753 Interest on unpaid relevant contributions

s.756 Which securities and loans are foreign currency ones for section 755

s.756 Interest on certain deposits of victims of National-Socialist persecution

s.759 The person making the payment

s.760 The person beneficially entitled to the payment

s.761 Meaning of “25% associates”

s.766 Interest and royalty payments: interpretation

s.768 Commercial occupation of woodlands

s.769 Housing grants

s.772 Further provisions about Orders under section 771

s.773 Income from Inter-American Development Bank securities

s.774 Income from securities issued by designated international organisations

s.775 Income towards reducing the national debt

s.775 Government bonus for savings account or other investment plan

s.778 Incentives to use electronic communications

s.779 Gains on commodity and financial futures

s.781 Payments under New Deal 50plus

s.782 Payments under employment zone programme

s.782 Domestic microgeneration

s.782 Renewables obligation certificates for domestic microgeneration

s.782 Volunteers etc : compensation for lost employment income

Part 6

Income charged under this Act: trading and property allowances

37 of 37 sections shown

s.783 Relief under this Chapter

amended 1 time

s.783 “Relevant trade” of an individual

amended 1 time

s.783 “Miscellaneous income”

amended 1 time

s.783 The individual's “relevant income”

amended 1 time

s.783 The individual's trading allowance

amended 1 time

s.783 Full relief: introduction

amended 1 time

s.783 Full relief: trade profits

amended 1 time

s.783 Full relief: miscellaneous income

amended 1 time

s.783 Partial relief: alternative calculation of profits: introduction

amended 1 time

s.783 Partial relief: alternative calculation of trade profits

amended 1 time

s.783 Partial relief: alternative calculation of chargeable miscellaneous income

amended 1 time

s.783 Deductible amount: splitting of trading allowance Regulated

Decide how to split your tax-free trading allowance across multiple incomesTrader

amended 1 time

s.783 Election for full relief not to be given

amended 1 time

s.783 Election for partial relief

amended 1 time

s.783 Exclusion from relief: expenses deducted against rent-a-room receipts

amended 1 time

s.783 Exclusion from relief: payments by employer

amended 1 time

s.783 Exclusion from relief: payments by firm

amended 1 time

s.783 Exclusion from relief: payments by close company

amended 1 time

s.783 Interpretation of this Chapter

amended 1 time

s.783 Relief under this Chapter

amended 1 time

s.783 “Relevant property business” of an individual

amended 1 time

s.783 “Relievable receipts” of a property business

amended 1 time

s.783 The individual's “relevant property income”

amended 1 time

s.783 The individual's property allowance

amended 1 time

s.783 Full relief: introduction

amended 1 time

s.783 Full relief: property profits

amended 1 time

s.783 Partial relief: alternative calculation of property profits: introduction

amended 1 time

s.783 Partial relief: alternative calculation of property profits

amended 1 time

s.783 Deductible amount: splitting of property allowance Regulated

Allocate your property allowance across multiple property businessesTrader

amended 1 time

s.783 Election for full relief not to be given

amended 1 time

s.783 Election for partial relief

amended 1 time

s.783 Exclusion from relief: tax reduction under section 274A

amended 1 time

s.783 Exclusion from relief: expenses deducted against rent-a-room receipts

amended 1 time

s.783 Exclusion from relief: payments by employer

amended 1 time

s.783 Exclusion from relief: payments by firm

amended 1 time

s.783 Exclusion from relief: payments by close company

amended 1 time

s.783 Interpretation of this Chapter

amended 1 time

Part 7

Income charged under this Act: rent-a-room and qualifying care relief

37 of 54 sections shown

s.786 Meaning of “rent-a-room receipts”

s.789 The individual's limit

s.803 Overview of Chapter 2

s.804 Person who qualifies for relief

s.804 Shared lives care: further condition for relief

amended 3 times

s.805 Meaning of “qualifying care receipts”

s.805 Meaning of providing qualifying care

amended 7 times

s.806 Meaning of providing foster care

s.806 Meaning of providing shared lives care

amended 11 times

s.806 Meaning of “residence”

amended 11 times

s.807 Calculation of “total qualifying care receipts”

s.808 The individual's limit

s.809 Share of fixed amount: residence used by more than one carer

s.810 Share of fixed amount: income period not a year

amended 17 times (opens in a new tab)

s.811 The amount per adult or child

s.812 Full qualifying care relief: introduction

s.813 Full qualifying care relief: trading income

s.814 Full qualifying care relief: income chargeable under Chapter 8 of Part 5

s.815 Alternative calculation of profits: introduction

s.816 Alternative calculation of profits: trading income

s.817 Alternative calculation of profits: income chargeable under Chapter 8 of Part 5

s.818 Election for alternative methodof calculating profits

s.819 Adjustment of assessment

s.820 Periods of account not ending on 5th April

s.821 Meaning of “relevant limit”

s.822 Full relief

s.823 Alternative method of calculating profits

s.824 Capital allowances: introduction

s.825 Unallocated capital expenditure

s.825 Deemed disposal event

amended 2 times

s.825 Plant or machinery used for care business

amended 2 times

s.825 Plant or machinery used for other qualifying activities

amended 2 times

s.825 Subsequent disposal events

amended 2 times

s.826 Excluded capital expenditure

s.827 Excluded capital expenditure: subsequent treatment of asset

s.828 Overlap profit

s.828 Indexation of the fixed amount and the amount per adult and child

amended 2 times

17 other sections in this Part — procedural and definitional

s.784 Overview of Chapter 1

s.785 Person who qualifies for relief

s.787 Meaning of “residence”

s.788 Meaning of “total rent-a-room amount”

s.790 Exclusive receipts condition

s.791 Full rent-a-room relief: introduction

s.792 Full rent-a-room relief: trading income

s.793 Full rent-a-room relief: property income

s.794 Full rent-a-room relief: income chargeable under Chapter 8 of Part 5

s.795 Alternative calculation of profits: introduction

s.796 Alternative calculation of profits: trading income

s.797 Alternative calculation of profits: property income

s.798 Alternative calculation of profits: income chargeable under Chapter 8 of Part 5

s.799 Election not to apply full relief

s.800 Election for alternative methodof calculating profits

s.801 Time limit on adjustment of assessment

s.802 Minor definitions

Part 8

Foreign income: special rules

12 of 30 sections shown

s.829 Overview of Part 8

s.830 Meaning of “relevant foreign income”

s.831 Claims for relevant foreign income to be charged on the remittance basis

s.832 Relevant foreign income charged on remittance basis

s.832 Section 832: temporary non-residents

amended 9 times

s.832 Section 832: deductions from remitted income

amended 9 times

s.833 Income treated as remitted: repayment of UK-linked debts

s.834 Arrangements treated as repayment of UK-linked debts

s.839 Annual payments payable out of relevant foreign income

s.840 Relief for backdated pensions charged on the arising basis

s.840 Claims under section 840

amended 1 time

s.841 Unremittable income: introduction

18 other sections in this Part — procedural and definitional

s.835 Relief for delayed remittances

s.836 Relief for delayed remittances: backdated pensions

s.837 Claims for relief on delayed remittances

s.838 Expenses attributable to collection or payment of relevant foreign income

s.842 Claim for relief for unremittable income

s.843 Withdrawal of relief

s.844 Income charged on withdrawal of relief after source ceases

s.845 Valuing unremittable income

s.845 Claim for relief for qualifying new residents

s.845 Qualifying new residents

s.845 Effect of claim, foreign employment election or foreign gain claim on losses

s.845 Effect of claim, foreign employment election or foreign gain claim: costs of dwelling-related loan

s.845 Effect of claim, foreign employment election or foreign gain claim on personal allowance etc

s.845 Effect of claim on relief for contributions to registered pension schemes

s.845 Foreign income relief ignored for purposes of determining adjusted net income

s.845 Qualifying foreign income

s.845 Disqualified income

s.845 Performance income

Part 9

Partnerships

29 of 38 sections shown

s.847 General provisions

s.849 Calculation of firm's profits or losses

s.850 Allocation of firm's profits or losses between partners

s.850 Profit-making period in which some partners have losses

amended 2 times

s.850 Loss-making period in which some partners have profits

amended 2 times

s.850 Excess profit allocation to non-individual partners

amended 2 times

s.850 Excess profit allocation: cases involving individuals who are not partners

amended 2 times

s.850 Payments by B out of the excess part of B's profit share

amended 2 times

s.852 Carrying on by partner of notional trade

s.852 Notional trades: indirect partners

amended 3 times

s.854 Carrying on by partner of notional business

s.857 Partners to whom the remittance basis applies

s.858 Resident partners and double taxation agreements

s.860 Adjustment income

s.861 Sale of patent rights: effect of partnership changes

s.862 Sale of patent rights: effect of later cessation of trade

s.863 Limited liability partnerships

s.863 Limited liability partnerships: salaried members

amended 5 times

s.863 Condition A

amended 5 times

s.863 Condition B

amended 5 times

s.863 Condition C

amended 5 times

s.863 M's contribution to the limited liability partnership: the basic calculation

amended 5 times

s.863 M's contribution to the limited liability partnership: deemed contributions

amended 5 times

s.863 Anti-avoidance

amended 5 times

s.863 Election for special provision for alternative investment fund managers to apply

amended 5 times

s.863 Allocation of profit to the AIFM firm

amended 5 times

s.863 Vesting of remuneration represented by the allocated profit

amended 5 times

s.863 Vesting statements

amended 5 times

s.863 The AIFMD remuneration guidelines

amended 5 times

9 other sections in this Part — procedural and definitional

s.846 Overview of Part 9

s.848 Assessment of partnerships

s.848 Bare trusts

s.851 Calculations etc. where firm has other income or losses

s.853 Basis periods for partners' notional trades

s.855 Basis periods for partners' notional businesses

s.855 Notional business: indirect partners

s.856 Overlap profits from partners' notional businesses

s.859 Special provisions about farming and property income

Part 10

General provisions

15 of 23 sections shown

s.866 Employee benefit contributions: non-trades and non-property businesses

s.867 Business entertainment and gifts: non-trades and non-property businesses

s.868 Social security contributions: non-trades etc.

amended 12 times (opens in a new tab)

s.869 Penalties and interest: non-trades etc.

s.870 Crime-related payments: non-trades and non-property businesses

s.871 Apportionment etc. of miscellaneous profits to tax year

s.872 Losses calculated on same basis as miscellaneous income

s.873 Orders and regulations made by Treasury or Commissioners

s.876 Meaning of “farming” and related expressions

s.877 Meaning of grossing up

s.878 Other definitions

s.879 Interpretation: Scotland

s.881 Disapplication of corporation tax: section 9 of ICTA

s.883 Commencement and transitional provisions etc.

s.885 Abbreviations and general index in Schedule 4

8 other sections in this Part — procedural and definitional

s.864 Overview of Part 10

s.865 Unpaid remuneration: non-trades and non-property businesses

s.874 Activities in UK sector of continental shelf

s.875 Meaning of “caravan”

s.880 Interpretation: Northern Ireland

s.882 Consequential amendments

s.884 Repeals and revocations

s.886 Short title

Schedules

0 of 655 shown

655 other schedules

s.002 Transitionals and savings etc.

s.003 Repeals and revocations

s.sch001 Consequential amendments

s.sch001 The Income and Corporation Taxes Act 1988 (c. 1) is...

s.sch001 Omit section 20 (Schedule F).

s.sch001 In section 119(1) (rent etc. payable in connection with mines,...

s.sch001 In section 120 (rent etc. payable in respect of electric...

s.sch001 In section 121 (management expenses of owner or mineral rights)...

s.sch001 (1) Amend section 122 (relief in respect of mineral royalties)...

s.sch001 Omit section 127 (enterprise allowance).

s.sch001 Omit section 127A (futures and options: transactions with guaranteed returns)....

s.sch001 Omit section 21 (persons chargeable and basis of assessment under...

s.sch001 In section 128 (commodity and financial futures etc: losses and...

s.sch001 In section 231B(4)(b) (consequences of certain arrangements to pass on...

s.sch001 Omit section 232 (tax credits for non-UK residents).

s.sch001 Omit section 233 (taxation of certain recipients of distributions and...

s.sch001 (1) Amend section 21A (computation of amount chargeable under Schedule...

s.sch001 (1) Amend section 250 (returns) as follows.

s.sch001 In section 251 (interpretation of sections 249 and 250), omit...

s.sch001 Omit sections 251A to 251D (approved share incentive plans).

s.sch001 In section 271(1)(a) (deemed surrender in cases of certain loans)...

s.sch001 Omit section 314 (divers and diving supervisors).

s.sch001 Omit section 322 (consular officers and employees).

s.sch001 In section 21B (application of other rules applicable to Case...

s.sch001 Omit section 324 (designated international organisations).

s.sch001 Omit section 325 (interest on deposits with National Savings Bank)....

s.sch001 Omit section 326 (interest etc. under contractual savings schemes).

s.sch001 Omit sections 326A to 326D (tax-exempt special savings accounts).

s.sch001 Omit section 327 (disabled person's vehicle maintenance grant).

s.sch001 Omit section 327A (payments to adopters).

s.sch001 Omit sections 329 to 329AB (exemption of interest on damages...

s.sch001 Omit section 331 (scholarship income).

s.sch001 Omit section 331A (student loans: certain interest to be disregarded)....

s.sch001 Omit section 332(3) (expenditure and houses of ministers of religion)....

s.sch001 In section 21C (the Schedule A charge and mutual business)—...

s.sch001 In section 332A (venture capital trusts: reliefs) omit “and distributions...

s.sch001 For section 333 substitute— Investment plan regulations Regulations under Chapter 3 of Part 6 of ITTOIA 2005...

s.sch001 Omit section 333A (personal equity plans: tax representatives).

s.sch001 (1) Amend section 337 (company beginning or ceasing to carry...

s.sch001 (1) Amend section 347A (general rule: annual payments) as follows....

s.sch001 (1) Amend section 30 (expenditure on making sea walls) as...

s.sch001 In section 353(1) (relief for payments of interest) after “sections...

s.sch001 In section 370(2)(b) (relevant loan interest) for the words from...

s.sch001 In section 382(3) (provisions supplementary to sections 380 and 381)...

s.sch001 Omit sections 31A and 31B (deductions for expenditure by landlords...

s.sch001 In section 385(4) (carry-forward against subsequent profits) omit “under Case...

s.sch001 In section 386(1) (carry-forward where business transferred to a company)...

s.sch001 In section 398 (loss relief for transactions in deposits with...

s.sch001 In section 431D(3)(b) (meaning of “overseas life assurance business”) after...

s.sch001 In section 434 (franked investment income etc.) omit subsection (1A)....

s.sch001 (1) Amend section 437 (general annuity business) as follows.

s.sch001 (1) Section 468J (dividend distributions of authorised unit trusts) is...

s.sch001 (1) Section 468L (interest distributions of authorised unit trusts) is...

s.sch001 (1) Amend section 477A (building societies: regulations for deduction of...

s.sch001 Omit section 480C (relevant deposits: computation of tax on interest)....

s.sch001 (1) Section 486 (industrial and provident societies and co-operative associations)...

s.sch001 (1) Amend section 504 (meaning of the “commercial letting of...

s.sch001 Omit section 514 (funds for reducing the national debt).

s.sch001 In section 527(4) (spreading of royalties over several years) at...

s.sch001 Omit section 529 (patent income to be earned income in...

s.sch001 (1) Amend section 552 (information: duty of insurers) as follows....

s.sch001 In section 552ZA(3) (information: supplementary provisions) after “section 546C(7)(a)” insert...

s.sch001 (1) Amend section 552A (tax representatives) as follows.

s.sch001 In section 552B (duties of overseas insurers' tax representatives) after...

s.sch001 Omit section 554 (borrowings on life policies to be treated...

s.sch001 Omit section 557 (charge on profits).

s.sch001 In section 568(1) (deductions from profits of contributions paid under...

s.sch001 In section 570(4) (payments under certified schemes which are not...

s.sch001 In section 578(1) (housing grants) for “any tax purpose” substitute...

s.sch001 Omit sections 580A to 580C (relief from tax on annual...

s.sch001 Omit section 581 (borrowing in foreign currency by local authorities...

s.sch001 Omit section 583 (Inter-American Development Bank).

s.sch001 Omit section 585 (relief from tax on delayed remittances).

s.sch001 (1) Amend section 591C (cessation of approval: tax on certain...

s.sch001 (1) Amend section 592 (exempt approved schemes) as follows.

s.sch001 (1) Amend section 598 (charge to tax: repayment of employee's...

s.sch001 (1) Amend section 599 (charge to tax: commutation of entire...

s.sch001 In section 599A (charge to tax: payments out of surplus...

s.sch001 In section 601(5)(b) (charge to tax: payments to employers) for...

s.sch001 In section 602(1)(a) (regulations relating to pension fund surpluses) omit...

s.sch001 (1) Amend section 607 (pilots' benefit fund) as follows.

s.sch001 In section 608(2) (superannuation funds approved before 6th April 1980)—...

s.sch001 In section 614(2A) (exemptions and reliefs in respect of income...

s.sch001 (1) Amend section 623 (relevant earnings) as follows.

s.sch001 In section 644(2) (meaning of “relevant earnings”)—

s.sch001 In section 646(2) (meaning of “relevant net earnings”)—

s.sch001 (1) Amend section 648B (return of contributions after pension date)...

s.sch001 (1) Amend section 650A (charge on withdrawal of approval from...

s.sch001 (1) . . . . . . . . ....

s.sch001 Omit sections 660A and 660B (income arising under settlement where...

s.sch001 (1) Amend section 660C (nature of charge on settlor) as...

s.sch001 Omit sections 660D to 660G (settlements: supplementary provisions etc.).

s.sch001 Omit section 677 (sums paid to settlor otherwise than as...

s.sch001 Omit section 678 (capital sums paid by body connected with...

s.sch001 Omit sections 682 and 682A (ascertainment of undistributed income and...

s.sch001 Schedule 1 para.278

s.sch001 Omit section 688 (schemes for employees and directors to acquire...

s.sch001 Schedule 1 para.281

s.sch001 Omit section 699 (relief from higher rate tax for inheritance...

s.sch001 Omit section 730C (exchanges of gilts: traders etc.).

s.sch001 In section 774(1) (transactions between dealing company and associated company)—...

s.sch001 (1) Amend section 53 (farming and other commercial occupation of...

s.sch001 In section 806K(2) (application of foreign dividend provisions to branches...

s.sch001 In section 812(1) (withdrawal of right to tax credit of...

s.sch001 In section 55(1) (mines, quarries and other concerns) after “charged...

s.sch001 In section 821(1) (under-deductions from payments made before passing of...

s.sch001 (1) Section 824 (repayment supplements: individuals and others) is amended...

s.sch001 (1) Amend section 828 (orders and regulations made by the...

s.sch001 In section 831(3) (interpretation of ICTA) after the entry relating...

s.sch001 (1) Amend section 56 (transactions in deposits with and without...

s.sch001 Omit Schedule 4A (creative artists: relief for fluctuating profits).

s.sch001 (1) Amend Schedule 5 (treatment of farm animals etc for...

s.sch001 Omit Schedule 5AA (guaranteed returns on transactions in futures and...

s.sch001 Omit Schedule 15A (contractual savings schemes).

s.sch001 (1) Amend Schedule 15B (venture capital trusts: relief from income...

s.sch001 (1) Amend Schedule 22 (reduction of pension fund surpluses) as...

s.sch001 In paragraph 11A(4) of Schedule 24 (assumptions for calculating chargeable...

s.sch001 (1) Amend section 59 (persons chargeable: Schedule D) as follows....

s.sch001 (1) Amend Schedule 30 (transitional provisions and savings) as follows....

s.sch001 The Finance Act 1950 is amended as follows.

s.sch001 In section 40(3) (modification of section 39 in case of...

s.sch001 The Chevening Estate Act 1959 is amended as follows.

s.sch001 (1) Amend section 2 (provisions as to income tax, estate...

s.sch001 The Taxes Management Act 1970 is amended as follows.

s.sch001 (1) Amend section 7 (notice of liability to income tax...

s.sch001 In section 8(1AA)(b) (personal returns) for “section 231 of the...

s.sch001 Omit sections 60 to 63A (basis of assessment for income...

s.sch001 In section 8A(1AA)(b) (trustee's returns) for “section 231 of the...

s.sch001 In section 9(1) (returns to include self-assessment)—

s.sch001 Omit section 9D (choice between different Cases of Schedule D)....

s.sch001 In section 12AA(1A)(b) (partnership returns) for “section 231 of the...

s.sch001 In section 12AB(5) (partnership return to include partnership statement) in...

s.sch001 In section 12AE(2) (choice between different Cases of Schedule D)...

s.sch001 (1) Amend section 18 (interest paid without deduction of income...

s.sch001 (1) Amend section 19 (information for purposes of Schedule A)...

s.sch001 In section 27(2) (settled property) for “section 660G(1) and (2)...

s.sch001 In section 30 (recovery of overpayment of tax, etc.) omit...

s.sch001 Omit section 64 (Case III assessments).

s.sch001 In section 30A(2) (assessing procedure) for “Schedule” substitute “ Part...

s.sch001 In section 31(3) (appeals: right of appeal) omit “9D or”....

s.sch001 In section 42(7) (procedure for making claims etc.) omit the...

s.sch001 (1) Amend section 46B (questions to be determined by Special...

s.sch001 In section 46C (jurisdiction of Special Commissioners over certain claims...

s.sch001 In section 58(3)(b) (proceedings in tax cases in Northern Ireland)...

s.sch001 In section 59A(8)(b) (payments on account of income tax) for...

s.sch001 (1) Amend section 59B (payment of income tax and capital...

s.sch001 In section 90(1)(b) (disallowance of relief for interest on tax)...

s.sch001 (1) Amend section 98 (special returns, etc) as follows.

s.sch001 Omit section 65 (Cases IV and V assessments: general).

s.sch001 In section 118(1) (interpretation) after the definition of “ITEPA 2003”...

s.sch001 In Schedule 1A (claims etc. not included in returns), in...

s.sch001 (1) Amend Schedule 1B (claims for relief involving two or...

s.sch001 In paragraph 10 of Schedule 3 (rules for assigning proceedings...

s.sch001 In paragraph 2(4) of Schedule 3A (electronic lodgement of tax...

s.sch001 The Finance Act 1971 is amended as follows.

s.sch001 In paragraph 8(2)(b) of Schedule 3 (taxation of refunds of...

s.sch001 The Biological Standards Act 1975 is amended as follows.

s.sch001 Omit section 65A (Case V income from land outside UK:...

s.sch001 (1) Amend section 2 (exemption of the National Biological Standards...

s.sch001 The Oil Taxation Act 1975 is amended as follows.

s.sch001 In section 3(2) (allowance of expenditure (other than expenditure on...

s.sch001 The Inheritance Tax Act 1984 is amended as follows.

s.sch001 In section 6(3) (excluded property), in paragraph (e)—

s.sch001 In section 21(3) (normal expenditure out of income)—

s.sch001 In section 174(1) (liabilities for which allowance is to be...

s.sch001 The Films Act 1985 is amended as follows.

s.sch001 In section 6(1) (certification of master negatives, tapes and discs)...

s.sch001 (1) Amend Schedule 1 (certification in case of British films)...

s.sch001 Omit section 68 (special rules where property etc. situated in...

s.sch001 The Finance Act 1988 is amended as follows.

s.sch001 (1) Amend section 38 (maintenance payments under existing obligations: 1989-90...

s.sch001 In section 73(2) (consideration for certain restrictive undertakings)—

s.sch001 In Schedule 6 (commercial woodlands) in paragraph 3(2) for “person”...

s.sch001 In Schedule 12 (building societies: change of status) for paragraph...

s.sch001 In section 95(11) of the Water Act 1989 (vesting in...

s.sch001 The Finance Act 1989 is amended as follows.

s.sch001 In section 68(2) (principal charges to tax: employee share ownership...

s.sch001 In section 71(4) (further charges to tax: borrowing)—

s.sch001 (1) Amend section 76 (non-approved retirement benefits schemes) as follows....

s.sch001 Omit sections 68A to 68C (share incentive plans).

s.sch001 Omit sections 112 and 113 (security: trades etc.).

s.sch001 In section 151(2) (assessment of trustees etc) in each of...

s.sch001 In paragraph 1 of Schedule 12 (close companies: administrative provisions)—...

s.sch001 In paragraph 10 of Schedule 11 to the Electricity Act...

s.sch001 The Finance Act 1990 is amended as follows.

s.sch001 (1) Amend section 25 (donations to charity by individuals) as...

s.sch001 (1) Amend section 126 (pools payments for football ground improvements)...

s.sch001 The Finance Act 1991 is amended as follows.

s.sch001 (1) Amend section 121 (pools payments to support games etc....

s.sch001 The Social Security Contributions and Benefits Act 1992 is amended...

s.sch001 Omit section 69 (Case VI assessments).

s.sch001 (1) Amend section 15 (Class 4 contributions recoverable under the...

s.sch001 In section 16(1) (application of Income Tax Acts and destination...

s.sch001 (1) Amend Schedule 2 (levy of Class 4 contributions with...

s.sch001 The Social Security Contributions and Benefits (Northern Ireland) Act 1992...

s.sch001 (1) Amend section 15 (Class 4 contributions recoverable under the...

s.sch001 (1) Amend Schedule 2 (Schedule 2 to the Social Security...

s.sch001 The Taxation of Chargeable Gains Act 1992 is amended as...

s.sch001 In section 4(2) and (3) (rates of capital gains tax)...

s.sch001 (1) Amend section 6 (rates of capital gains tax: special...

s.sch001 In section 12(2) (foreign assets of person with foreign domicile)...

s.sch001 Omit section 71 (computation of income tax where no profits...

s.sch001 In section 41(4) (restriction of losses by reference to capital...

s.sch001 (1) Amend section 59 (partnerships) as follows.

s.sch001 In section 97(7) (supplementary provisions) for “section 660G(1) and (2)...

s.sch001 (1) Amend section 117 (meaning of qualifying corporate bond) as...

s.sch001 (1) Amend section 142 (capital gains on stock dividends) as...

s.sch001 In section 151 (personal equity plans) for subsections (2) and...

s.sch001 In section 151A(6) (venture capital trusts: reliefs) for the words...

s.sch001 After section 151B insert— Strips: manipulation of price: associated payment...

s.sch001 In section 156(4) (assets of Class 1) after “Taxes Act”...

s.sch001 In section 198(5)(b) (replacement of business assets used in connection...

s.sch001 (1) Amend section 241 (furnished holiday lettings) as follows.

s.sch001 In section 251(8)(b) (general provisions concerning debts) for “relevant discounted...

s.sch001 In section 254(1)(c) (definition of “a qualifying loan” for relief...

s.sch001 After section 261 insert— Know-how Disposal of know-how as part...

s.sch001 (1) Amend section 271 (miscellaneous exemptions) as follows.

s.sch001 In section 286(3) (connected persons: interpretation) for “Chapter 1A of...

s.sch001 (1) Amend section 288 (interpretation) as follows.

s.sch001 In Schedule A1 (application of taper relief), in paragraph 17(6),...

s.sch001 In Schedule 1 (application of exempt amount and reporting limits...

s.sch001 In section 74(1) (general rules as to deductions not allowable)—...

s.sch001 In paragraph 13(7)(h) of Schedule 5B (enterprise investment scheme: re-investment)—...

s.sch001 (1) Amend Schedule 8 (leases) as follows.

s.sch001 The Finance (No. 2) Act 1992 is amended as follows....

s.sch001 (1) Amend section 40A (revenue nature of expenditure on master...

s.sch001 (1) Amend section 40B (allocation of expenditure to periods) as...

s.sch001 In section 40C(1) (cases where section 40B does not apply)...

s.sch001 (1) Amend section 40D (election for sections 40A and 40B...

s.sch001 (1) Amend section 41 (relief for preliminary expenditure) as follows....

s.sch001 (1) Amend section 42 (relief for production or acquisition expenditure)...

s.sch001 In section 43(1) after the definition of “expenditure of a...

s.sch001 Omit section 59 (furnished accommodation).

s.sch001 Omit Schedule 10 (furnished accommodation).

s.sch001 The Finance Act 1993 is amended as follows.

s.sch001 In section 112(7) (employers' pension contributions) in the definition of...

s.sch001 (1) Amend section 171 (Lloyd's underwriters etc: taxation of income...

s.sch001 In paragraph 13(4) of Schedule 19 (Lloyd's underwriters etc: repayment...

s.sch001 (1) Amend Schedule 20A (Lloyd's underwriters: conversion to limited liability...

s.sch001 The Pension Schemes Act 1993 is amended as follows.

s.sch001 In section 158(4) (disclosure of information between government departments etc.)—...

s.sch001 The Pension Schemes (Northern Ireland) Act 1993 is amended as...

s.sch001 Omit section 77 (incidental costs of obtaining loan finance).

s.sch001 In section 154(4) (disclosure of information between government departments etc.)—...

s.sch001 The Finance Act 1994 is amended as follows.

s.sch001 (1) Amend Schedule 20 (changes for facilitating self-assessment: transitional provisions...

s.sch001 In paragraph 26 of Schedule 24 (vesting in successor company...

s.sch001 In paragraph 17(1) of Schedule 4 to the Coal Industry...

s.sch001 The Finance Act 1995 is amended as follows.

s.sch001 Omit section 56 (foreign life policies etc).

s.sch001 In section 73(1)(a) (venture capital trusts: regulations) after “1992” insert...

s.sch001 In section 123 (prevention of exploitation of transitional provisions) for...

s.sch001 (1) Amend section 126 ( UK representatives of non-residents) as...

s.sch001 In section 128(3) (limit on income chargeable on non-residents: income...

s.sch001 (1) Amend section 154 (short rotation coppice) as follows.

s.sch001 In section 157(7) (certificates of tax deposit) for “Case III...

s.sch001 In paragraph 3(4) of Schedule 18 (deceased persons' estates) after...

s.sch001 (1) Amend Schedule 22 (prevention of exploitation of transitional provisions...

s.sch001 The Finance Act 1996 is amended as follows.

s.sch001 In section 92(1) (convertible securities etc : creditor relationships) for...

s.sch001 Omit section 102 (discounted securities: income tax provisions).

s.sch001 (1) Amend section 154 ( FOTRA securities) as follows.

s.sch001 (1) Amend Schedule 9 (loan provisions: special computational provisions) as...

s.sch001 Omit Schedule 13 (discounted securities: income tax provisions).

s.sch001 (1) Amend Schedule 15 (loan relationships: savings and transitional provisions)...

s.sch001 The Finance Act 1997 is amended as follows.

s.sch001 In section 79 (payments under certain life insurance policies)—

s.sch001 The Finance (No.2) Act 1997 is amended as follows.

s.sch001 In section 30 (tax credits)— (a) in subsection (9) after...

s.sch001 In section 37(7) (interest to be paid gross) for “sections...

s.sch001 In section 48(1) (relief for expenditure on production or acquisition...

s.sch001 The Finance Act 1998 is amended as follows.

s.sch001 In section 4 (construction of references in Income Tax Acts...

s.sch001 In section 42 (computation of profits of trade, profession or...

s.sch001 Omit section 43 (barristers and advocates in early years of...

s.sch001 (1) Amend section 46 (minor and consequential provisions about computations)...

s.sch001 In section 76(3) (power to make regulations for non-UK residents...

s.sch001 In section 123(7)— (a) for “both” substitute “ more ”,...

s.sch001 The Finance Act 1999 is amended as follows.

s.sch001 In section 63(1) (treatment of transfer fees under existing contracts)...

s.sch001 (1) Amend section 65 (relevant discounted securities) as follows.

s.sch001 In section 85(7)(b) (advance pricing agreements etc. ) after “Taxes...

s.sch001 (1) Amend Schedule 6 (tax treatment of receipts by way...

s.sch001 Omit section 80 (expenses connected with foreign trades etc).

s.sch001 (1) Amend paragraph 6 of Schedule 3 to the Commonwealth...

s.sch001 The Finance Act 2000 is amended as follows.

s.sch001 (1) Amend section 44 (gifts to charity from certain trusts)...

s.sch001 Omit section 45 (loans to charities).

s.sch001 (1) Amend section 46 (exemption for small trades etc. )...

s.sch001 Omit section 84 (exemption of payments under New Deal 50plus)....

s.sch001 Omit section 85 (exemption of payments under Employment Zones programmes)....

s.sch001 Omit section 87 (treatment of certain telecommunication rights).

s.sch001 In section 143(2) (power to provide incentives to use electronic...

s.sch001 In section 155 (interpretation) at the end insert “ and...

s.sch001 Omit section 81 (travel between trades etc).

s.sch001 In Schedule 12 (provision of services through an intermediary), in...

s.sch001 In Schedule 15 (the corporate venturing scheme), in paragraph 99(3),...

s.sch001 In Schedule 22 (tonnage tax), in paragraph 144(3), for “Chapter...

s.sch001 Omit Schedule 23 (treatment of certain telecommunication rights).

s.sch001 The Capital Allowances Act 2001 is amended as follows.

s.sch001 In section 4 (capital expenditure) for subsection (5) substitute—

s.sch001 (1) Amend section 15 (qualifying activities) as follows.

s.sch001 (1) Amend section 16 (ordinary Schedule A businesses) as follows....

s.sch001 (1) Amend section 17 (furnished holiday lettings businesses) as follows....

s.sch001 In section 20(1) (employments and offices) for “section 314 of...

s.sch001 Omit section 82 (interest paid to non-residents).

s.sch001 In section 23(2) (expenditure unaffected by sections 21 and 22)...

s.sch001 In section 28(2) (thermal insulation of industrial buildings) for “Schedule...

s.sch001 In section 33(8)(b) (personal security) for “Schedule A” substitute “...

s.sch001 In section 35(1)(a) (expenditure on plant or machinery for use...

s.sch001 In section 38(a) (production of animals etc)—

s.sch001 (1) Amend section 63 (cases in which disposal value is...

s.sch001 (1) Amend section 106 (the designated period) as follows.

s.sch001 (1) Amend section 108 (effect of disposal to connected person...

s.sch001 (1) Amend section 112 (excess allowances: connected persons) as follows....

s.sch001 (1) Amend section 115 (prohibited allowances: connected persons) as follows....

s.sch001 In section 82A(1) (expenditure on research and development)—

s.sch001 (1) Amend section 122 (short-term leasing by buyer, lessee etc)...

s.sch001 (1) Amend section 125 (other qualifying purposes) as follows.

s.sch001 In section 154(3) (further registration requirement) for paragraph (b) substitute—...

s.sch001 In section 155(1) (changes in the persons carrying on qualifying...

s.sch001 In section 156 (connected persons) for subsection (2) substitute—

s.sch001 In section 162(2) (ring fence trade a separate qualifying activity)—...

s.sch001 In section 248 (ordinary Schedule A businesses)—

s.sch001 In section 252 (mines, transport undertakings etc)—

s.sch001 In section 258(4) (special leasing: income tax) for “taxed under...

s.sch001 (1) Amend section 263 (qualifying activities carried on in partnership)...

s.sch001 In section 82B(1) (payments to research associations, universities etc.)—

s.sch001 (1) Amend section 265 (successions: general) as follows.

s.sch001 In 268(1) (successions by beneficiaries) for paragraph (b) and the...

s.sch001 In section 282 (buildings outside the United Kingdom) for “applicable...

s.sch001 In section 326(1) (interpretation of section 325) in the definition...

s.sch001 In section 331(1)(b) (capital value provisions: interpretation)—

s.sch001 (1) Amend section 353 (lessors and licensors) as follows.

s.sch001 (1) Amend section 354 (buildings temporarily out of use) as...

s.sch001 In section 390(1) (interpretation of section 389) in the definition...

s.sch001 (1) Amend section 392 (Schedule A businesses) as follows.

s.sch001 In section 393B(4) (meaning of “qualifying expenditure”) after “the profits...

s.sch001 In section 83 (patent fees etc. and expenses) after “the...

s.sch001 (1) Amend section 393T (giving effect to allowances and charges)...

s.sch001 (1) Amend section 406 (reduction where premium relief previously allowed)...

s.sch001 In section 454(1)(c) (qualifying expenditure) after “an election under” insert...

s.sch001 In section 455(4) (excluded expenditure) after “goodwill under” insert “...

s.sch001 In section 462(3) (disposal values) after “goodwill under” insert “...

s.sch001 In section 479(4) (persons having qualifying non-trade expenditure: income tax)...

s.sch001 In section 481(5)(b) (anti-avoidance: limit on qualifying expenditure) after “in...

s.sch001 In section 483(c) (meaning of “income from patents”) after “payable...

s.sch001 In section 488(3)(a) (balancing allowances) for “section 113(1)” to “to...

s.sch001 (1) Amend section 529 (giving effect to allowances and charges)...

s.sch001 (1) Amend section 83A (gifts in kind to charities etc.)...

s.sch001 In section 536(5)(a) (contributions not made by public bodies and...

s.sch001 In section 558(1)(c) (effect of partnership changes) for the words...

s.sch001 (1) Amend section 559 (effect of successions) as follows.

s.sch001 In section 577(1) (definitions) in the definition of “property business”...

s.sch001 (1) Amend Schedule 1 (abbreviations and defined expressions) as follows....

s.sch001 The Finance Act 2002 is amended as follows.

s.sch001 In section 64(1) (adjustment on change of basis) after “to...

s.sch001 (1) Amend Schedule 16 (community investment tax relief) as follows....

s.sch001 (1) Amend Schedule 22 (computation of profits: adjustment of change...

s.sch001 (1) Amend paragraph 64 of Schedule 25 (transitional provisions concerning...

s.sch001 (1) Amend section 84 (gifts to educational establishments) as follows....

s.sch001 In Schedule 29 (gains and losses of a company from...

s.sch001 The Proceeds of Crime Act 2002 is amended as follows....

s.sch001 In section 319(2) (source of income) for “Case 6 of...

s.sch001 (1) Amend Schedule 10 (tax) as follows.

s.sch001 The Income Tax (Earnings and Pensions) Act 2003 is amended...

s.sch001 In section 6(5) (exception to charge to tax on employment...

s.sch001 In section 61(1) (application of provisions to workers under arrangements...

s.sch001 In section 178 (exception for loans where interest qualifies for...

s.sch001 In section 180(5) (threshold for benefit of loan to be...

s.sch001 In section 189(3)(a) (exception where double charge) for “section 677...

s.sch001 In section 215 for “section 331(1) of ICTA” substitute “...

s.sch001 In section 302(4) (exemption of consular employees' employment income), in...

s.sch001 After section 325 insert— Health and employment insurance payments (1) No liability to income tax in respect of employment...

s.sch001 In section 357(2) (business entertainment and gifts: exception where employer's...

s.sch001 In Chapter 2 of Part 5, after section 360 insert—...

s.sch001 In section 394(2) (charge on benefit to which Chapter 2...

s.sch001 In section 397(1) (certain lump sums: calculation of amount taxed...

s.sch001 In section 399(1)(b) (employment-related loans: interest treated as paid) omit...

s.sch001 In section 476 (charge on occurrence of chargeable event) for...

s.sch001 In section 477(7) (chargeable events) for “(charge under Case VI...

s.sch001 (1) Amend section 493 (no charge on acquisition of dividend...

s.sch001 For section 496 (no charge on cash dividend retained for...

s.sch001 In section 497(3) (limitations on charges on shares ceasing to...

s.sch001 In section 502(4)(a) (meaning of “capital receipt” in section 501)...

s.sch001 (1) Amend section 515 (tax advantages and charges under other...

s.sch001 In section 516(4) (approved SAYE option schemes), in the definition...

s.sch001 (1) Amend section 575 (taxable pension income: foreign pensions) as...

s.sch001 (1) Amend section 613 (taxable pension income: foreign annuities) as...

s.sch001 (1) Amend section 631 (taxable pension income: pre-1973 pensions paid...

s.sch001 (1) Amend section 635 (taxable pension income: foreign voluntary annual...

s.sch001 In section 86A (charitable donations: contributions to agent's expenses) —...

s.sch001 After section 644 insert— Health and employment insurance payments (1) No liability to income tax arises in respect of...

s.sch001 After section 646 insert— Foreign pensions of consular employees (1) No liability to income tax arises in respect of...

s.sch001 In section 655(2) (structure of Part 10) for the entries...

s.sch001 (1) Amend section 679 (taxable social security income: foreign benefits)...

s.sch001 After section 681 insert— Foreign benefits of consular employees (1) No liability to income tax arises in respect of...

s.sch001 After section 716 (alteration of amounts by Treasury order) insert—...

s.sch001 (1) Amend Schedule 1 (abbreviations and defined expressions) as follows....

s.sch001 (1) Amend Schedule 2 (approved share incentive plans) as follows....

s.sch001 (1) Amend Schedule 3 (approved SAYE option schemes) as follows....

s.sch001 In Schedule 4 (approved CSOP schemes), in paragraph 12(3), for...

s.sch001 (1) Amend Schedule 5 (enterprise management incentives) as follows.

s.sch001 The Finance Act 2003 is amended as follows.

s.sch001 In section 151(2) (non-resident companies: extent of charge to income...

s.sch001 Omit section 176 (foster carers).

s.sch001 (1) Amend Schedule 24 (restriction of deductions for employee benefit...

s.sch001 In Schedule 34 (policies of life insurance etc: miscellaneous amendments),...

s.sch001 Omit Schedule 36 (foster carers).

s.sch001 In section 101(4)(a) of the Courts Act 2003 (bankruptcy of...

s.sch001 In section 14(1) of the Child Trust Funds Act 2004...

s.sch001 The Finance Act 2004 is amended as follows.

s.sch001 In section 71(3)(b) (collection and recovery of sums to be...

s.sch001 Omit section 97 (exemption from income tax for certain interest...

s.sch001 Omit section 98 (exemption from income tax for certain interest...

s.sch001 Omit section 99 (permanent establishments and “25% associates”).

s.sch001 Omit section 100 (interest payments: exemption notices).

s.sch001 (1) Amend section 101 (payment of royalties without deduction at...

s.sch001 In section 102 (claim for tax deducted at source from...

s.sch001 Omit section 103 (special relationships).

s.sch001 Omit section 104 (anti-avoidance).

s.sch001 Omit section 106 (transitional provision).

s.sch001 In section 119(4) (individuals benefited by film relief) for “,...

s.sch001 In section 123(1) (meaning of “film-related loss”) for “any of...

s.sch001 In section 127(2) (losses derived from exploiting licence: individuals in...

s.sch001 (1) Amend section 130 (“A significant amount of time”) as...

s.sch001 In section 186(1)(b) (scheme investments: income) for “which would” to...

s.sch001 (1) Amend section 189(2) (meaning of “relevant UK earnings”) as...

s.sch001 In section 196(2) (relief for employers in respect of contributions...

s.sch001 In section 197(10)(a) (spreading relief) after “charged under” insert “...

s.sch001 In section 199(2)(a) (deemed contributions) at the beginning insert “...

s.sch001 In section 200(a) (no other relief for employers in connection...

s.sch001 (1) Amend section 246 (restriction of deduction for non-contributory provision)...

s.sch001 (1) Amend section 249 of FA 2004 (amendments of ITEPA...

s.sch001 In section 280(1) (abbreviations and general index for Part 4)...

s.sch001 (1) Amend Schedule 15 (charge to income tax on benefit...

s.sch001 In paragraph 1(4) and (6) of Schedule 24, for the...

s.sch001 In paragraph 12 of Schedule 35 (pension schemes etc: minor...

s.sch001 (1) Amend Schedule 36 (pension schemes etc: transitional provisions and...

s.sch001 The Pensions Act 2004 is amended as follows.

s.sch001 In Schedule 3 (restricted information held by the Regulator: certain...

s.sch001 In Schedule 8 (restricted information held by the Board: certain...

s.sch001 Omit section 95A (creative artists: relief for fluctuating profits).

s.sch001 Omit section 96 (farming and market gardening: relief for fluctuating...

s.sch001 (1) Amend section 15 (Schedule A) as follows.

s.sch001 Omit section 107 (treatment of receipts as earned income).

s.sch001 Omit section 108 (election for carry-back).

s.sch001 Omit section 109 (charge under section 104: relief for individuals...

s.sch001 (1) Amend section 109A (relief for post-cessation expenditure) as follows....

s.sch001 (1) Amend section 18 (Schedule D) as follows.

s.sch001 Omit section 110A (change of residence) and the italic cross-heading...

s.sch001 Omit section 112 (partnerships controlled abroad).

s.sch001 Omit section 113 (effect for income tax of change in...

s.sch002 The repeal of provisions and their enactment in a rewritten...

s.sch002 (1) In this Part— “enactment” includes an enactment comprised in...

s.sch002 (1) This paragraph applies to— (a) a policy in respect...

s.sch002 Section 542 (replacement of qualifying policies) does not apply if...

s.sch002 (1) Chapter 9 of Part 4 does not apply to...

s.sch002 (1) A policy of life insurance is not a “foreign...

s.sch002 A capital redemption policy is not a “foreign capital redemption...

s.sch002 In the case of a policy issued in respect of...

s.sch002 (1) This paragraph makes provision for the application of section...

s.sch002 (1) In the case of a policy issued in respect...

s.sch002 (1) This paragraph applies to a contract for a life...

s.sch002 (1) This paragraph applies if, in the case of any...

s.sch002 (1) This paragraph makes provision for the application of section...

s.sch002 (1) A policy of life insurance issued in respect of...

s.sch002 (1) In the case of a 1998 Act excluded policy...

s.sch002 A capital redemption policy where the contract was made before...

s.sch002 (1) In the case of a 2003 Act excluded policy...

s.sch002 (1) This paragraph makes provision for the application of section...

s.sch002 (1) Sub-paragraph (2) applies to a policy if—

s.sch002 (1) In the case of a 2004 Act excluded policy...

s.sch002 (1) A contract for a life annuity made before 1st...

s.sch002 For the purposes of Chapter 9 of Part 4, a...

s.sch002 (1) This paragraph applies for the purposes of section 36....

s.sch002 (1) A policy meets the date condition if it is...

s.sch002 (1) A policy or contract meets the non-variation condition if...

s.sch002 A policy or contract meets the first selection condition at...

s.sch002 (1) A policy or contract meets the second selection condition...

s.sch002 (1) This paragraph applies to a policy or contract if—...

s.sch002 In this Part of this Schedule “permitted index” means an...

s.sch002 (1) In this Part of this Schedule “permitted property”, in...

s.sch002 (1) In this Part of this Schedule “security” has the...

s.sch002 Section 604 applies with the omission of subsection (3)(b) in...

s.sch002 Sections 38 to 44 do not apply to deductions that...

s.sch002 Chapter 4 of Part 5 does not apply to an...

s.sch002 (1) That Chapter also does not apply to an IRU...

s.sch002 (1) Subject to sub-paragraph (4), section 627 applies before 6th...

s.sch002 (1) In relation to income which— (a) arises under a...

s.sch002 (1) In relation to any case which involves any previous...

s.sch002 In relation to any capital sum paid to the settlor...

s.sch002 (1) Sub-paragraph (2) applies if any previous tax year to...

s.sch002 A sum treated as part of the aggregate income of...

s.sch002 In the case of certificates acquired before 27th July 1981,...

s.sch002 Any scheme which was certified as mentioned in section 326(2)(c),...

s.sch002 (1) In relation to any time before the coming into...

s.sch002 A European authorised institution arrangement is not an institutional arrangement...

s.sch002 (1) Neither— (a) the Treasury specification rules, nor

s.sch002 In the case of dividends paid in respect of shares...

s.sch002 (1) Any determination in relation to an annuity as to...

s.sch002 (1) This paragraph applies if, in the case of an...

s.sch002 (1) Section 723(7) (liability to penalty for false statements and...

s.sch002 (1) Sections 727 (exemption for certain annual payments by individuals)...

s.sch002 Section 729 (exemption for payments for non-taxable consideration) applies in...

s.sch002 (1) Subject to sub-paragraphs (4) and (5), sections 731, 733...

s.sch002 (1) This paragraph applies if— (a) a disposal event is...

s.sch002 (1) Subject to sub-paragraph (7), sections 38 to 44 apply...

s.sch002 A claim may be made under section 831 (claim for...

s.sch002 (1) The fact that income arose in a tax year...

s.sch002 The fact that the earlier year referred to in subsections...

s.sch002 (1) A claim may be made under section 842 (claim...

s.sch002 (1) This paragraph applies for the purposes of section 865....

s.sch002 Section 866 does not apply to deductions that would otherwise...

s.sch002 (1) Subject to sub-paragraph (3), section 866 applies before 6th...

s.sch002 Section 870(2)(b) does not apply to expenditure which was incurred...

s.sch002 (1) This paragraph applies if— (a) a relevant period of...

s.sch002 Neither— (a) the inclusion of rules in section 582 for...

s.sch002 In relation to expenditure incurred under a contract entered into...

s.sch002 Section 820 of ICTA (application of Income Tax Acts from...

s.sch002 The amendments made by paragraphs 644 to 651 and 655...

s.sch002 Section 50 does not apply to expenditure which is incurred—...

s.sch002 Section 55(1)(b) does not apply to expenditure which was incurred...

s.sch002 (1) This paragraph relates to the operation of sections 60...

s.sch002 Paragraph 1 does not apply to any change made by...

s.sch002 (1) This paragraph provides for the application of section 61...

s.sch002 (1) This paragraph applies if— (a) the period of account...

s.sch002 (1) This paragraph applies if, without the modifications to section...

s.sch002 (1) This paragraph applies if— (a) at any time during...

s.sch002 Section 82 does not apply to any contribution which was...

s.sch002 To the extent that any function of the Scottish Ministers...

s.sch002 (1) This paragraph applies if— (a) fees have been incurred,...

s.sch002 (1) This paragraph applies if— (a) a sum is payable,...

s.sch002 (1) Sections 101 and 102 do not apply to a...

s.sch002 (1) Section 106 does not apply if—

s.sch002 Any subordinate legislation or other thing which—

s.sch002 To the extent that the power of the National Assembly...

s.sch002 (1) This paragraph applies to— (a) production expenditure in respect...

s.sch002 (1) Sections 134 and 135 do not apply in relation...

s.sch002 Section 137 does not apply in relation to expenditure which...

s.sch002 Sections 138 and 138A do not apply in relation to...

s.sch002 (1) Any requirement in Chapter 9 of Part 2 for...

s.sch002 Sections 139 and 140 do not apply if—

s.sch002 Sections 139(4) and 141(3) do not apply to any film...

s.sch002 The requirement in section 140 for the acquisition to be...

s.sch002 Chapter 10 of Part 2 does not apply to an...

s.sch002 (1) Any reference (express or implied) in this Act, another...

s.sch002 (1) That Chapter also does not apply to an IRU...

s.sch002 (1) Section 149 does not apply in relation to periods...

s.sch002 Section 156 does not apply if the purchase mentioned in...

s.sch002 (1) This paragraph applies if— (a) expenses have been incurred,...

s.sch002 If the predecessor ceased to carry on the trade carried...

s.sch002 If the trade carried on by the trader was started...

s.sch002 Section 167(2) does not apply for the purposes of sections...

s.sch002 (1) This paragraph applies if— (a) a period of account...

s.sch002 (1) There is an exception to the rule that, subject...

s.sch002 (1) Any reference (express or implied) in any enactment, instrument...

s.sch002 (1) This paragraph applies if— (a) a person carries on...

s.sch002 (1) This paragraph applies if any profits or losses arising...

s.sch002 (1) This paragraph applies in the case of a trade,...

s.sch002 (1) This paragraph applies in the case of income which—...

s.sch002 The repeal by this Act of paragraphs 2, 6 and...

s.sch002 (1) The first tax years which may be the subject...

s.sch002 (1) Chapter 17 of Part 2 applies to a change...

s.sch002 (1) Subject to sub-paragraph (3), section 232 applies before 6th...

s.sch002 If— (a) an individual has made an election under paragraph...

s.sch002 Section 104(4) of ICTA (which, despite its repeal, applies in...

s.sch002 (1) Paragraphs 1 to 5 have effect instead of section...

s.sch002 (1) Subject to sub-paragraph (4), section 256 applies before 6th...

s.sch002 Chapter 18 of Part 2 does not apply in relation...

s.sch002 (1) This paragraph applies if— (a) a period of account...

s.sch002 Section 277 does not apply in relation to a lease...

s.sch002 Section 279 does not apply in relation to a lease...

s.sch002 Section 280 does not apply in relation to a lease...

s.sch002 Section 282 does not apply in relation to a lease...

s.sch002 (1) This paragraph relates to the operation of sections 287...

s.sch002 (1) This paragraph applies if— (a) in calculating the amount...

s.sch002 (1) Sub-paragraph (2) applies if— (a) in calculating the profits...

s.sch002 (1) The repeal by this Act of a transitional or...

s.sch002 (1) In relation to a lease granted after 12th June...

s.sch002 (1) In relation to a lease granted before 13th June...

s.sch002 (1) Section 311 does not apply to a reverse premium—...

s.sch002 Sections 312 to 314 do not apply to expenditure incurred...

s.sch002 (1) Subject to sub-paragraph (4), Chapter 6 of Part 3...

s.sch002 (1) Subject to sub-paragraph (3), section 504A of ICTA (as...

s.sch002 (1) Chapter 7 of Part 3 applies to a change...

s.sch002 The definition of “mineral royalties” in section 341(2) does not...

s.sch002 (1) Despite the enactment by this Act in the OEIC...

s.sch002 (1) This paragraph applies if— (a) share capital is issued...

s.sch002 Despite the repeal by this Act of section 104(4) of...

s.sch002 (1) Sub-paragraph (2) applies if— (a) as a result of...

s.sch002 (1) Despite the repeal by this Act of paragraph 14(4)...

s.sch002 (1) Sections 447 and 448 (restriction of profits and losses...

s.sch002 The references in section 454(4) and (5) to trustees include...

s.sch002 Securities only fall within paragraph (f) of section 710(3) of...

s.sch002 (1) This paragraph modifies the application of—

s.sch002 (1) Subject to sub-paragraph (4), before 6th April 2006 Chapter...

s.sch002 Section 505 (assignments involving co-ownership) does not have effect in...

s.sch002 (1) This paragraph applies if a calculation under section 507...

s.sch002 Regulations made under section 534 by virtue of paragraph 4...

s.sch002 (1) References in this Act to any person are to...

s.sch002 (1) For the purposes of Chapter 9 of Part 4,...

s.sch002 Despite paragraph 4(1) of this Schedule, the references in section...

s.sch002 Section 551 (charge to income tax on profits from disposal...

s.sch002 (1) This paragraph applies if— (a) a right falling within...

s.sch002 (1) A transaction consisting in the running of a future...

s.sch002 (1) Chapter 9 of Part 4 does not apply to—...

s.sch002 Section 500(c) (events treated as part surrenders: loan by insurer)...

s.sch002 Section 531(3)(c) (certain contracts for life annuities excluded from section...

s.sch002 Section 484(1)(d) (chargeable events: death in case of contract for...

s.sch004 Abbreviations and defined expressions

s.schedule a1 para.1 Meaning of “carried interest”

s.schedule a1 para.10 Deferred sums: exceptions

s.schedule a1 para.11 Overview

s.schedule a1 para.12 Qualifying carried interest: general rule

s.schedule a1 para.13 Average holding period

s.schedule a1 para.14 Timing of making investments

s.schedule a1 para.15 Disposals

s.schedule a1 para.16 Part disposals

s.schedule a1 para.17 Acquisitions from associated investment schemes

s.schedule a1 para.18 Unwanted short-term investments

s.schedule a1 para.19 Debt investments made by advancing money

s.schedule a1 para.2 Sums treated as “carried interest”

s.schedule a1 para.20 Disposals of debt investments

s.schedule a1 para.21 Derivatives

s.schedule a1 para.22 Hedging: exchange gains and losses

s.schedule a1 para.23 Hedging: interest rates

s.schedule a1 para.24 Significant interests

s.schedule a1 para.25 Venture capital funds

s.schedule a1 para.26 Significant equity stake funds

s.schedule a1 para.27 Controlling equity stake funds

s.schedule a1 para.28 Real estate funds

s.schedule a1 para.29 Credit funds

s.schedule a1 para.3 Consideration for right to sum of carried interest treated as “carried interest”

s.schedule a1 para.30 Funds of funds

s.schedule a1 para.31 Conditionally qualifying carried interest

s.schedule a1 para.32 Carried interest which ceases to be conditionally qualifying carried interest

s.schedule a1 para.33 Anti-avoidance

s.schedule a1 para.34 Treasury regulations

s.schedule a1 para.35 Interpretation of Part 3

s.schedule a1 para.36 Election for carried interest to be chargeable as scheme profits arise

s.schedule a1 para.37 Election in relation to scheme to apply to associated schemes

s.schedule a1 para.38 Interaction with other charges

s.schedule a1 para.39 Deemed trade losses where carried interest never arises

s.schedule a1 para.4 Tax distribution treated as “carried interest”

s.schedule a1 para.40 Anti-avoidance

s.schedule a1 para.5 Co-investment returns not “carried interest”

s.schedule a1 para.6 Definitions

s.schedule a1 para.7 Sums arising to connected persons other than companies

s.schedule a1 para.8 Sums arising to connected company or unconnected person

s.schedule a1 para.9 Deferred sums

s.547 ...