Finance Act 2006 (Film Tax Relief)

79 other sections in this Part — procedural and definitional

s.023 Charge and rates for 2006-07

s.024 Charge and main rate for financial year 2007

s.025 Small companies' rate and fraction for financial year 2006

s.026 Abolition of corporation tax starting rate and non-corporate distribution rate

s.027 Group relief where surrendering company not resident in UK

s.028 Relief for research and development: subjects of clinical trials

s.029 Claims for relief for research and development

s.030 Temporary increase in amount of first-year allowances for small enterprises

s.031 Meaning of “film” and related expressions

s.032 Meaning of “film production company”

s.033 Meaning of “film-making activities” etc

s.034 Meaning of “production expenditure” and related expressions

s.035 Meaning of “UK expenditure”

s.036 Meaning of “qualifying co-production” and “co-producer”

s.037 Taxation of activities of film production company

s.038 Films qualifying for film tax relief

s.039 Conditions of relief: intended theatrical release

s.040 Conditions of relief: British film

s.041 Conditions of relief: UK expenditure

s.042 Film tax relief: further provisions

s.043 Films: restriction on use of losses while film in production

s.044 Films: use of losses in later periods

s.045 Films: terminal losses

s.046 Films: withdrawal of existing reliefs (corporation tax)

s.047 Films: withdrawal of existing reliefs (income tax)

s.048 Sound recordings: revenue nature of expenditure

s.049 Sound recordings: allocation of expenditure

s.050 Sound recordings: interpretation

s.051 Corporation tax: films and sound recordings as intangible fixed assets

s.052 Films: application of provisions to certain films already in production

s.053 Films and sound recordings: commencement and power to alter dates

s.054 Transactions with substantial donors

s.055 Non-charitable expenditure

s.056 Trade profits

s.057 Gift aid relief for companies wholly owned by one or more charities

s.058 Extension of restrictions on gift aid payments by close companies

s.059 Cars with a CO 2 emissions figure

s.060 Mobile telephones

s.061 Computer equipment

s.062 Exemption for employees' eye tests and special glasses

s.063 Power to exempt use of vouchers or tokens to obtain exempt benefits

s.064 Payments to or in respect of victims of National-Socialist persecution

s.065 London Organising Committee

s.066 Section 65: supplementary

s.067 International Olympic Committee

s.068 Competitors and staff

s.069 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.070 Restrictions on companies buying losses or gains

s.071 Other avoidance involving losses accruing to companies

s.072 Repeal of s.106 of TCGA 1992

s.073 Policies of insurance and non-deferred annuities

s.074 Exception to “bed and breakfasting” rules etc

s.075 Interest relief: film partnership

s.076 Avoidance involving financial arrangements

s.077 Treating assets as “existing assets” etc

s.078 Controlled foreign companies and treaty non-resident companies

s.079 Transfer of assets abroad

s.080 Restriction of exemption from charge to income tax

s.081 Leases of plant or machinery

s.082 Sale etc of lessor companies etc

s.083 Restrictions on use of losses etc: leasing partnerships

s.084 Disposal of plant or machinery subject to lease where income retained

s.085 Restrictions on effect of elections under section 266 of CAA 2001

s.086 Insurance companies

s.087 Qualifying policies: altering method for calculating benefits

s.088 Settlements, etc: chargeable gains

s.089 Settlements, etc: income

s.090 Special trusts tax rates not to apply to social landlords' service charge income

s.091 Venture capital schemes

s.092 Avoidance using options etc

s.093 Corporation tax relief for shares acquired under EMI option

s.094 PAYE: retrospective notional payments

s.095 Profit share agency

s.096 Diminishing shared ownership

s.097 Beneficial loans to employees

s.098 Orders amending Chapter 5 of Part 2 of FA 2005

s.099 Amendment of section 29 of the Energy Act 2004

s.100 Amendment of section 30 of the Energy Act 2004

s.102 Accountancy change: spreading of adjustment

Part 4

Real Estate Investment Trusts

36 of 45 sections shown

s.103 Real Estate Investment Trusts

s.104 Property rental business

amended 6 times (opens in a new tab)

s.106 Conditions for company

s.107 Conditions for tax-exempt business

amended 12 times (opens in a new tab)

s.108 Conditions for balance of business

amended 3 times (opens in a new tab)

s.109 Notice

amended 8 times (opens in a new tab)

s.111 Effects of entry

s.112 Entry charge

amended 13 times (opens in a new tab)

s.115 Profit: financing-cost ratio

amended 9 times (opens in a new tab)

s.116 Minor or inadvertent breach

amended 9 times (opens in a new tab)

s.117 Cancellation of tax advantage

s.118 Funds awaiting re-investment

s.119 Corporation tax

amended 13 times (opens in a new tab)

s.120 Calculation of profits

s.121 Distributions: liability to tax

amended 7 times (opens in a new tab)

s.122 Distributions: deduction of tax

s.123 Attribution of distributions

amended 7 times (opens in a new tab)

s.124 Corporation tax

s.125 Movement of assets out of ring-fence

s.126 Movement of assets into ring-fence

s.126 Demergers

amended 4 times

s.127 Interpretation

s.129 Termination by notice: Commissioners

s.131 Effects of cessation

s.132 Early exit by notice

amended 3 times (opens in a new tab)

s.133 Early exit

s.134 Group Real Estate Investment Trusts

s.136 Availability of group reliefs

s.136 Connected persons

amended 4 times

s.138 Joint ventures

amended 14 times (opens in a new tab)

s.139 Manufactured dividends

s.140 Penalties for failure to give notice, etc Prosecution

Fail to provide information regarding Film Tax ReliefAny Person

Unlimited fine

s.141 Effect of deemed disposal and re-acquisition

s.142 Interpretation

s.144 Regulations

s.145 Commencement

9 other sections in this Part — procedural and definitional

s.105 Other key concepts

s.110 Duration

s.113 Ring-fencing of tax-exempt business

s.114 Maximum shareholding

s.128 Termination by notice: company

s.130 Automatic termination for breach of requirement

s.135 Transfer within group

s.137 Insurance companies

s.143 Housing investment trusts: repeal

Part 5

Oil

2 of 9 sections shown

s.151 Nomination excesses and corporation tax

s.154 Ring fence expenditure supplement

7 other sections in this Part — procedural and definitional

s.146 New basis for determining the market value of oil

s.147 Section 146: commencement and transitional provisions

s.148 Crude oil: power to make regulations

s.149 Nomination scheme

s.150 Amendment of Schedule 10 to FA 1987

s.152 Increase in rate of supplementary charge

s.153 Election to defer capital allowances

Part 6

Inheritance tax

0 of 3 sections shown

3 other sections in this Part — procedural and definitional

s.155 Rates and rate bands for 2008-09 and 2009-10

s.156 Rules for trusts etc

s.157 Purchase of interests in foreign trusts

Part 7

Pensions

0 of 4 sections shown

4 other sections in this Part — procedural and definitional

s.158 Taxable property held by investment-regulated pension schemes

s.159 Recycling of lump sums

s.160 Inheritance tax

s.161 Miscellaneous

Part 8

Stamp taxes

1 of 8 sections shown

s.162 Raising of thresholds

7 other sections in this Part — procedural and definitional

s.163 Partnerships

s.164 Leases

s.165 Reallocation of trust property as between beneficiaries

s.166 Unit trust schemes

s.167 Demutualisation of insurance companies

s.168 Alternative finance

s.169 Reliefs for certain company acquisitions

Part 9

Miscellaneous provisions

2 of 8 sections shown

s.174 Arrangements under section 173: information powers

s.176 Double taxation agreements: procedure

6 other sections in this Part — procedural and definitional

s.170 Rate of landfill tax

s.171 Climate change levy: rates

s.172 Abolition of half-rate supplies etc

s.173 International tax enforcement arrangements

s.175 Arrangements under section 173: recovery of debts

s.177 Disclosure of information

Part 10

Supplementary provisions

1 of 3 sections shown

s.179 Interpretation