Legalize / United Kingdom / Income and Corporation Taxes Act 1988 / History

Reform history

Income and Corporation Taxes Act 1988

100 versions · 1988-02-09

2022-07-14

Income and Corporation Taxes Act 1988

View changes Text at this date

2019-07-05

Income and Corporation Taxes Act 1988

View changes Text at this date

2019-02-12

Income and Corporation Taxes Act 1988

View changes Text at this date

2017-11-16

Income and Corporation Taxes Act 1988

View changes Text at this date

2017-04-27

Income and Corporation Taxes Act 1988

View changes Text at this date

2017-04-06

Income and Corporation Taxes Act 1988

View changes Text at this date

2016-12-14

Income and Corporation Taxes Act 1988

View changes Text at this date

2016-09-15

Income and Corporation Taxes Act 1988

View changes Text at this date

2016-08-12

Income and Corporation Taxes Act 1988

View changes Text at this date

2016-06-16

Income and Corporation Taxes Act 1988

View changes Text at this date

2015-03-26

Income and Corporation Taxes Act 1988

View changes Text at this date

2015-02-12

Income and Corporation Taxes Act 1988

View changes Text at this date

2014-08-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2014-07-17

Income and Corporation Taxes Act 1988

View changes Text at this date

2014-01-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2013-07-17

Income and Corporation Taxes Act 1988

View changes Text at this date

2013-04-06

Income and Corporation Taxes Act 1988

View changes Text at this date

2012-07-17

Income and Corporation Taxes Act 1988

View changes Text at this date

2012-04-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2012-03-14

Income and Corporation Taxes Act 1988

View changes Text at this date

2011-08-11

Income and Corporation Taxes Act 1988

View changes Text at this date

2011-07-19

Income and Corporation Taxes Act 1988

View changes Text at this date

2011-06-16

Income and Corporation Taxes Act 1988

View changes Text at this date

2011-02-25

Income and Corporation Taxes Act 1988

View changes Text at this date

2010-12-16

Income and Corporation Taxes Act 1988

View changes Text at this date

2010-10-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2010-07-27

Income and Corporation Taxes Act 1988

View changes Text at this date

2010-04-08

Income and Corporation Taxes Act 1988

View changes Text at this date

2010-04-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2009-12-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2009-11-11

Income and Corporation Taxes Act 1988

View changes Text at this date

2009-10-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2009-09-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2009-08-13

Income and Corporation Taxes Act 1988

View changes Text at this date

2009-07-21

Income and Corporation Taxes Act 1988

View changes Text at this date

2009-06-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2009-04-23

Income and Corporation Taxes Act 1988

View changes Text at this date

2009-04-22

Income and Corporation Taxes Act 1988

View changes Text at this date

2009-04-06

Income and Corporation Taxes Act 1988

View changes Text at this date

2009-04-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2009-02-21

Income and Corporation Taxes Act 1988

View changes Text at this date

2009-02-03

Income and Corporation Taxes Act 1988

View changes Text at this date

2009-01-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2008-12-27

Income and Corporation Taxes Act 1988

View changes Text at this date

2008-12-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2008-10-29

Income and Corporation Taxes Act 1988

View changes Text at this date

2008-10-28

Income and Corporation Taxes Act 1988

View changes Text at this date

2008-09-08

Income and Corporation Taxes Act 1988

View changes Text at this date

2008-08-12

Income and Corporation Taxes Act 1988

View changes Text at this date

2008-07-22

Income and Corporation Taxes Act 1988

View changes Text at this date

2008-07-21

Income and Corporation Taxes Act 1988

View changes Text at this date

2008-07-08

Income and Corporation Taxes Act 1988

View changes Text at this date

2008-07-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2008-04-06

Income and Corporation Taxes Act 1988

View changes Text at this date

2008-04-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2008-02-19

Income and Corporation Taxes Act 1988

View changes Text at this date

2008-01-03

Income and Corporation Taxes Act 1988

View changes Text at this date

2008-01-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2007-12-28

Income and Corporation Taxes Act 1988

View changes Text at this date

2007-12-27

Income and Corporation Taxes Act 1988

View changes Text at this date

2007-12-06

Income and Corporation Taxes Act 1988

View changes Text at this date

2007-11-29

Income and Corporation Taxes Act 1988

View changes Text at this date

2007-10-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2007-09-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2007-08-14

Income and Corporation Taxes Act 1988

View changes Text at this date

2007-08-13

Income and Corporation Taxes Act 1988

View changes Text at this date

2007-07-19

Income and Corporation Taxes Act 1988

View changes Text at this date

2007-07-17

Income and Corporation Taxes Act 1988

View changes Text at this date

2007-04-17

Income and Corporation Taxes Act 1988

View changes Text at this date

2007-04-06

Income and Corporation Taxes Act 1988

View changes Text at this date

2007-04-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2007-03-29

Income and Corporation Taxes Act 1988

View changes Text at this date

2007-03-21

Income and Corporation Taxes Act 1988

View changes Text at this date

2007-03-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2007-01-08

Income and Corporation Taxes Act 1988

View changes Text at this date

2007-01-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2006-12-31

Income and Corporation Taxes Act 1988

View changes Text at this date

2006-12-26

Income and Corporation Taxes Act 1988

View changes Text at this date

2006-12-12

Income and Corporation Taxes Act 1988

View changes Text at this date

2006-12-06

Income and Corporation Taxes Act 1988

View changes Text at this date

2006-08-11

Income and Corporation Taxes Act 1988

View changes Text at this date

2006-07-19

Income and Corporation Taxes Act 1988

View changes Text at this date

2006-06-09

Income and Corporation Taxes Act 1988

View changes Text at this date

2006-04-06

Income and Corporation Taxes Act 1988

View changes Text at this date

2006-04-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2006-03-22

Income and Corporation Taxes Act 1988

View changes Text at this date

2006-01-06

Income and Corporation Taxes Act 1988

View changes Text at this date

2005-12-27

Income and Corporation Taxes Act 1988

View changes Text at this date

2005-12-05

Income and Corporation Taxes Act 1988

View changes Text at this date

2005-11-01

Income and Corporation Taxes Act 1988

View changes Text at this date

2005-10-05

Income and Corporation Taxes Act 1988

View changes Text at this date

2005-09-27

Income and Corporation Taxes Act 1988

View changes Text at this date

2005-08-12

Income and Corporation Taxes Act 1988

View changes Text at this date

2005-08-11

Income and Corporation Taxes Act 1988

View changes Text at this date

Changes on 2005-08-11

@@ -4,7 +4,7 @@

### Income tax

#### Case V income from land outside UK: corporation tax.

#### Computation of income tax where no profits in year of assessment.

##### 1

@@ -152,7 +152,7 @@

- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Modifications for change of tax basis

#### Modifications where tax charged under Case I of Schedule D.

##### 8

@@ -212,7 +212,7 @@

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### No duplication of charge.

#### Power to obtain information.

##### 11

@@ -29201,7 +29201,7 @@

## SCHEDULE 31

#### Application of lower rate to income from savings and distributions.

#### The charge to income tax.

##### 1A

@@ -29691,7 +29691,7 @@

- (9) In the application of this section to Scotland, references to a lease granted out of a taxed lease are to be construed as references to a sublease of land subject to the taxed lease.

#### Schedule E.

#### Schedule F.

##### 42A

@@ -30077,7 +30077,7 @@

For this purpose “*debit*” means an amount which for accounting purposes reduces a profit, or increases a loss, for a period of account.

#### Restrictions on relief

#### Regulations

##### 75B

@@ -30193,7 +30193,7 @@

- (5) “*Repayment provision*” has the meaning given in section 76A(3).

#### Rules for ascertaining duration of leases.

#### Saving for pre-1963 leases, and special relief for individuals.

##### 79A

@@ -30457,7 +30457,7 @@

- “taxed receipt” (see section 287(4) of that Act).

#### Income tax: mode of charge.

#### Interpretation of Part III.

##### 88A

@@ -31107,7 +31107,7 @@

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Treasury directions as respects Northern Ireland securities.

#### Commencement of direction under section 50 or 51.

### Limited liability partnerships

@@ -31635,7 +31635,7 @@

#### Payments to Export Credit Guarantee Department.

#### Paying agents.

#### Definitions.

##### 140A

@@ -35059,7 +35059,7 @@

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Relief for contributions in respect of share option gains.

#### Exemptions from section 148.

##### 440A

@@ -35585,7 +35585,7 @@

- (13) For the purposes of this section an insurance company which has elected under section 83YA(9) of the Finance Act 1989 (changes in value of assets brought into account: non-profit companies) to be treated as a non-profit company in relation to a period of account is to be regarded as a non-profit company in relation to the period of account.

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Relief for necessary expenses.

##### 432F

@@ -35637,7 +35637,7 @@

- (8) Condition C is that the surplus arising since the last valuation shown in line 34 of the Form 58 of the non-profit fund, or any of the non-profit funds, in relation to which condition A or B is met in the periodical return for the current period of account is a negative amount.

#### U.K. company distributions not generally chargeable to corporation tax.

#### Application of lower rate to company distributions.

##### 434AZB

@@ -37277,7 +37277,7 @@

- (9) If a friendly society which (or a branch of which) has made an election under subsection (1) or (2) above becomes an incorporated friendly society, the election shall have effect in relation to the incorporated friendly society as it had effect in relation to the society (or branch) which made the election (and accordingly, in relation to accounting periods of the incorporated friendly society, “*the society*” in subsection (8)(a) and (b) above shall be read as referring to the incorporated friendly society).

#### Restrictions on the use of tax credits by pension funds.

#### No tax credit for borrower under stock lending arrangement or interim holder under repurchase agreement.

##### 465A

@@ -37313,7 +37313,7 @@

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Consequences of certain arrangements to pass on the value of a tax credit.

#### Tax credits for non-U.K. residents.

##### 468EE

@@ -37497,7 +37497,7 @@

and, without prejudice to the generality of paragraph (b) above, such an order may make such incidental modifications of subsection (11) above as the Treasury may think fit.

#### Election by company paying dividend.

#### Procedure for making election.

##### 468M

@@ -37839,13 +37839,13 @@

- (4) For the purposes of this section, crediting interest shall be treated as paying it.

#### Returns.

#### Interpretation of sections 249 and 250.

##### 480C

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### “Gross rate” and “gross amount” of distributions to include ACT.

#### Interpretation of Part VI.

##### 482A

@@ -38211,7 +38211,7 @@

### Lessors under long funding finance or operating leases: avoidance etc

#### Meaning of “the minimum amount”

#### Meaning of “adjusted net income”

##### 502GA

@@ -38663,7 +38663,7 @@

- (9) The Treasury may by regulations vary a sum, or a period of time, specified in section 506A(2).

#### Transfer of relief under section 257A.

#### Indexation of amounts in sections 257 and 257A.

##### 508A

@@ -38899,10 +38899,10 @@

- (8) An activity authorised under section 14(1) of the Health and Social Care (Community Health and Standards) Act 2003 shall not be treated as an activity of a commercial nature for the purposes of subsection (7)(a).

#### Life assurance premiums paid by employer

#### Life assurance premiums.

#### Withdrawal of relief.

#### Transfer of reliefs.

@@ -39015,7 +39015,7 @@

- (ii) “*tax advantage*” has the same meaning as in Chapter 1 of Part 17 (tax avoidance).

#### Transfer of reliefs.

#### Aggregation of wife’s income with husband’s.

##### 546A

@@ -39341,7 +39341,7 @@

- (b) amend the definition of “relevant period”.

#### Form of relief.

#### Eligibility for relief.

##### 548B

@@ -39771,7 +39771,7 @@

- (b) may make different provision for different cases.

#### Restriction of relief where amounts raised exceed permitted maximum.

#### Individuals qualifying for relief.

### Chapter 5A — Share loss relief

@@ -39877,7 +39877,7 @@

- (9) In section 195 of ITA 2007 as applied by subsection (7) for the purposes mentioned in subsection (8), references to the issuing company are to be read as references to the company mentioned in subsection (1).

#### Valuation of interests in land for purposes of section 294(1)(b).

#### Companies with interests in land.

##### 576C

@@ -39939,7 +39939,7 @@

- “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007.

#### Disposal of shares.

#### Provisions supplementary to sections 293 and 297.

##### 576E

@@ -40089,7 +40089,7 @@

- (5) For the purposes of the definition of “trading group” in subsection (1), any trade carried on by a subsidiary which is an excluded company is treated as not constituting a trade.

#### Restriction on withdrawal of relief under section 303.

#### Husband and wife.

##### 577A

@@ -40195,7 +40195,7 @@

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Withdrawal of relief.

#### Application to subsidiaries.

##### 581A

@@ -41403,7 +41403,7 @@

- (b) references to a provision of a required description are references to a provision of a description which, by virtue of the new restriction, is a description of provision which must be contained in a personal pension scheme before the Board may approve it.

#### Transfers of trade to obtain balancing allowances

#### Company reconstructions involving business of leasing plant or machinery

##### 640A

@@ -41421,7 +41421,7 @@

- (2) Where an election is made under this section in respect of a contribution or part of a contribution, the other provisions of this Chapter shall have effect as if the contribution or part had been paid in the year specified in the election and not in the year in which it was actually paid.

#### Company reconstructions: supplemental.

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Qualifying maintenance payments.

@@ -42219,7 +42219,7 @@

is or are chargeable at the lower rate.

#### Directions disapplying section 349A(1)

#### Section 349A(1): consequences of reasonable but incorrect belief

##### 686E

@@ -42397,7 +42397,7 @@

#### Substitution of security: supplemental.

#### Loan to buy machinery or plant.

#### Relief where borrower deceased.

##### 705A

@@ -42447,7 +42447,7 @@

#### Relevant loan interest.

#### Second loans.

#### Home improvement loans.

##### 722A

@@ -43337,7 +43337,7 @@

- “*relevant transactions*” means—the transfer, andany associated operations.

#### Extension of right of set-off to capital allowances.

#### Restrictions on right of set-off.

##### 747A

@@ -43587,7 +43587,7 @@

- (5) In subsection (4) “*the relevant amount*” means the amount (if any) by which it is just and reasonable that the chargeable profits should be treated as reduced, having regard to the effect of Parts 3 and 4 of Schedule 15 to FA 2009 on amounts brought into account for the purposes of corporation tax by the payer, or any other company.

#### Losses other than terminal losses.

#### Losses from overseas property business.

##### 751AB

@@ -43771,7 +43771,7 @@

- (11) In this section “*the HMRC Commissioners*” means the Commissioners for Her Majesty's Revenue and Customs.

#### Terminal losses.

#### Leasing contracts and company reconstructions.

##### 752A

@@ -45407,7 +45407,7 @@

#### Section 432B: apportionment of business transfer-in

#### Reduced loss relief for additions to non-profit funds

#### Computation of losses and limitation on relief.

##### 793A

@@ -45513,7 +45513,7 @@

$$TotalDebits-AmountCarriedForward$where—Total Debits is the aggregate amount of the company’s non-trading debits for that accounting period under Schedule 29 to the Finance Act 2002 (intangible fixed assets), andAmount Carried Forward is the amount (if any) carried forward to the next accounting period of the company under paragraph 35(3) of that Schedule (carry-forward of non-trading loss in respect of which no claim is made for it to be set against total profits of current period).$

#### Sections 434AZA and 434AZB: supplementary

#### Additions to non-profit funds: amount of loss reduction

##### 798A

@@ -46801,7 +46801,7 @@

- (b) income of a person resident in the United Kingdom to which section 858 of ITTOIA 2005 applies.

#### Life reinsurance business: separate charge on profits.

#### Taxation of pure reinsurance business.

##### 815AA

@@ -46859,7 +46859,7 @@

- (3) An Order under this section shall not be submitted to Her Majesty in Council unless a draft of the Order has been laid before and approved by a resolution of the House of Commons.

#### Modification of s. 444BA for mutual or overseas business and for non-resident companies.

#### Equalisation reserves for general business.

@@ -48220,7 +48220,7 @@

## SCHEDULE 4A

#### Sale and lease-back.

#### Computation of amount available for surrender by way of group relief.

##### 1

@@ -48268,7 +48268,7 @@

An averaging claim must be made not later than twelve months after the 31st January next following the end of the later of the tax years to which it relates.

#### Tariff receipts and tax-exempt tariffing receipts

#### Exploration expenditure supplement

##### 6

@@ -50184,7 +50184,7 @@

“*Business travel*” means travelling the expenses of which, if incurred and defrayed by the employee in question out of the emoluments of his employment, would (in the absence of sections 197AD to 197AF) be deductible under section 198(1) (general relief for necessary expenses).

#### Conditions to be satisfied by partners who are individuals.

#### Conditions to be satisfied by firms.

##### 3

@@ -54192,7 +54192,7 @@

## Part 3 — Pre-commencement supplement

#### Change in ownership of company carrying on property business.

#### Change in ownership of company with unused non-trading loss on intangible fixed assets

##### 9

@@ -54280,7 +54280,7 @@

## Part 4 — Post-commencement supplement

#### Provision not at arm’s length.

#### Sales etc. at an undervalue or overvalue.

##### 15

@@ -77464,545 +77464,545 @@

#### U.K. company distributions not generally chargeable to corporation tax.

#### Conditional acquisition of shares.

#### Application of lower rate to company distributions.

#### Section 209(3AA): hedging arrangements

#### Chargeable payments connected with exempt distributions.

#### Tax credits for certain recipients of qualifying distributions.

#### Treatment of cash dividend retained and then later paid out

#### Children’s tax credit.

#### Married couple’s allowance.

#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)

#### Aggregation of wife’s income with husband’s.

#### Eligibility for relief.

#### Minimum and maximum subscriptions.

#### Restriction on withdrawal of relief under section 303.

#### Taxation of consideration for certain restrictive undertakings.

#### Certain quoted companies not to be close companies.

#### The conditions mentioned in section 349A(1)

#### Payments out of profits or gains brought into charge to income tax: deduction of tax.

#### Payments not out of profits or gains brought into charge to income tax, and annual interest.

#### Directions disapplying section 349A(1)

#### Loan to pay inheritance tax.

#### Relevant loan interest.

#### Interest which never has been relevant loan interest etc.

#### Leasing contracts and company reconstructions.

#### Schedule A losses.

#### Losses from overseas property business.

#### Treatment of interest as a loss for purposes of carry-forward and carry-back.

#### Losses of ring fence trade: set off against profits of an earlier accounting period

#### Dealings in commodity futures etc: withdrawal of loss relief.

#### Limits on group relief.

#### Meaning of “participator”, “associate”, “director” and “loan creditor”.

#### “Distribution” to include certain expenses of close companies.

#### Apportionment of certain income, deductions and interest.

#### Income or gains arising from property investment LLP

#### Modifications in relation to BLAGAB group reinsurers

#### Taxation in respect of other business.

#### Taxation in respect of other business: incorporated friendly societies qualifying for exemption.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Charities: general.

#### Relief for individuals.

#### Borrowing in foreign currency by local authorities and statutory corporations.

#### General powers to make regulations under Chapter IV.

#### Change in company ownership: postponed corporation tax.

#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.

#### Restriction of relief for payments of interest.

#### Leased assets: special cases.

#### Form of relief.

#### Attribution of relief to shares.

#### Interpretation of Chapter III.

#### Payments not out of profits or gains brought into charge to income tax, and annual interest.

#### Losses from UK property business.

#### Meaning of “associated company” and “control”.

#### Interpretative provisions relating to insurance companies.

#### Modifications where tax charged under Case I of Schedule D.

#### Modifications in relation to BLAGAB group reinsurers

#### Transfers of other business

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Lessee under long funding finance lease: limit on deductions

#### General powers to make regulations under Chapter IV.

#### Restriction of relief for payments of interest.

#### Transactions associated with loans or credit.

#### Supplementary provisions.

#### Provisions supplementary to section 138.

#### Travel expenses of employees not domiciled in the United Kingdom.

#### U.K. company distributions not generally chargeable to corporation tax.

#### Meaning of “distribution”.

#### Election by company paying dividend.

#### Returns.

#### Further interpretation of sections 135 to 139.

#### Application of lower rate to company distributions.

#### Section 209(3AA): link to shares of company or associated company

#### Exempt distributions: division of business

#### Dividend or bonus granted by industrial and provident society

#### Application of sections 251B and 251C

#### Children’s tax credit.

#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)

#### Aggregation of wife’s income with husband’s.

#### Eligibility for relief.

#### Attribution of relief to shares.

#### Restriction on withdrawal of relief under section 303.

#### Taxation of consideration for certain restrictive undertakings.

#### Divers and diving supervisors.

#### Certain quoted companies not to be close companies.

#### Relief for contributions in respect of share option gains.

#### Further interpretation of sections 135 to 139.

#### Relief for necessary expenses.

## [SCHEDULE 19A

#### Restriction of relief for payments of interest.

#### Meaning of “research and development”.

#### Exceptions from the general charge.

#### Provisions supplementary to section 138.

#### Interpretation of sections 251A to 251C

#### Relief for contributions in respect of share option gains.

#### Meaning of “distribution”.

#### Elections as to transfer of relief under section 257A.

#### Tax on companies in administration

#### Extension of section 349: proceeds of sale of UK patent rights

#### Exceptions to section 349 for payments between companies etc

#### The conditions mentioned in section 349A(1)

#### Payments out of profits or gains brought into charge to income tax: deduction of tax.

#### Payments not out of profits or gains brought into charge to income tax, and annual interest.

#### Directions disapplying section 349A(1)

#### Loan to buy life annuity.

#### Relevant loan interest.

#### Interest ceasing to be relevant loan interest, etc.

#### Leasing contracts and company reconstructions.

#### The conditions mentioned in section 349A(1)

#### Schedule A losses.

#### Set-off against general income.

#### Losses from overseas property business.

#### Losses from trade etc. carried on abroad

#### Treatment of interest as a loss for purposes of carry-forward and carry-back.

#### Losses of ring fence trade: set off against profits of an earlier accounting period

#### Write-off of government investment.

#### Computation of gross profits.

#### Meaning of “participator”, “associate”, “director” and “loan creditor”.

#### “Distribution” to include certain expenses of close companies.

#### Exclusions from section 423.

#### Apportionment of certain income, deductions and interest.

#### Determination of policy holders’ share for purposes of s.438B

#### Income or gains arising from property investment LLP

#### Modifications in relation to BLAGAB group reinsurers

#### Overseas life assurance business.

#### Taxation in respect of other business.

#### Taxation in respect of other business: incorporated friendly societies etc.

#### Taxation in respect of other business: incorporated friendly societies qualifying for exemption.

#### Election that assets not be foreign business assets

#### Meaning of “child trust fund business”

#### Securities.

#### Retained assets

#### Election as to tax exempt business.

#### Exemption for trade unions and employers’ associations.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Letting of furnished holiday accommodation treated as trade for certain income tax purposes

#### Qualifying expenditure and non-qualifying expenditure.

#### Meaning of “construction operations”.

#### Provisions supplementary to sections 573 to 575.

#### Repayment supplements: companies.

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Repayment supplements: companies.

#### VAT penalties etc.

#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.

#### Extension of section 349: proceeds of sale of UK patent rights

#### Election that assets not be foreign business assets

#### Apportionment of income and gains.

#### Apportionment of asset value increase where line 51 amount decreases

#### Transfers of life assurance business: Case VI losses of the transferor

#### Exemption for trade unions and employers’ associations.

#### Certified unit trusts: distributions.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Charities: general.

#### Relief for individuals.

#### Borrowing in foreign currency by local authorities and statutory corporations.

#### General powers to make regulations under Chapter IV.

#### Change in company ownership: corporation tax.

#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.

#### Restriction of relief for payments of interest.

#### Assets leased to traders and others.

#### Form of relief.

#### Attribution of relief to shares.

#### Interpretation of Chapter III.

#### Payments not out of profits or gains brought into charge to income tax, and annual interest.

#### Losses from UK property business.

#### Certain quoted companies not to be close companies.

#### Interpretative provisions relating to insurance companies.

#### Modifications where tax charged under Case I of Schedule D.

#### Modifications in relation to BLAGAB group reinsurers

#### Conditions for tax exempt business.

#### Transactions with substantial donors

#### Exceptions from section 559.

#### Provisions supplementary to sections 573 to 575.

#### Ceasing to meet the trading requirement because of administration or receivership

#### Interest on tax overpaid.

#### Relief by agreement with other territories.

#### Exemptions from section 148.

#### Giving effect to mileage allowance relief

#### Limited exemption for computer equipment.

#### Taxation of profit-related pay.

#### Interpretation.

#### Relief for contributions in respect of share option gains.

#### Transfer of relief under section 257A where relief exceeds income.

#### Charges on income: interest payable to non-residents.

#### Carry-forward against subsequent profits.

#### Taxation of borrower when loan under section 419 released etc

#### Section 432B apportionment: value of non-participating funds.

#### Section 432B: apportionment of business transfer-in

#### Transfers of life assurance business: Case I losses of the transferor

#### Old societies.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Lessee under long funding finance lease: limit on deductions

#### General powers to make regulations under Chapter IV.

#### Restriction of relief for payments of interest.

#### Section 785B: expectation that relevant capital payment will not be paid

#### Supplementary provisions.

#### Provisions supplementary to section 520.

#### Relief for expenses.

#### Application of this Chapter etc. to policies and contracts in which persons other than companies are interested

#### Qualifying trading companies

#### The trading requirement

#### The qualifying subsidiaries requirement

#### Repayment supplements: companies.

#### Reduction of United Kingdom taxes by amount of credit due.

#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.

#### Limited exemption for computer equipment.

#### Provisions supplementary to section 138.

#### Travel expenses of employees not domiciled in the United Kingdom.

#### U.K. company distributions not generally chargeable to corporation tax.

#### Meaning of “distribution”.

#### Election by company paying dividend.

#### Returns.

#### Further interpretation of sections 135 to 139.

#### Relief for contributions in respect of share option gains.

#### Further interpretation of sections 135 to 139.

#### Relief for necessary expenses.

## [SCHEDULE 19A

#### Restriction of relief for payments of interest.

#### Provisions supplementary to sections 293 and 297.

#### Election that assets not be foreign business assets

#### Section 432B apportionment: value of non-participating funds.

#### Deduction of tax (mixed funds).

#### Section 468O(1A): consequences of reasonable but incorrect belief

#### Other unit trusts.

#### Building societies: incidental costs of issuing qualifying shares.

#### Audit powers in relation to non-residents.

#### Savings banks: exemption from tax.

#### Letting of furnished holiday accommodation treated as trade for certain income tax purposes

#### Lessee under long funding finance lease: termination

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Interpretation.

#### Conversion of certain approved retirement benefits schemes.

#### Power to prescribe restrictions on approval.

#### Earnings from pensionable employment.

#### Application of Income Tax Acts from year to year.

#### Qualifying companies

#### Repayment supplements: companies.

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Carry-forward of unused relief under section 619.

#### Carry-back of contributions.

#### The Arbitration Convention.

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Repayment supplements: companies.

#### Schedule C.

#### Fractions of a pound, and yearly assessments.

#### Restrictions on relief

#### Section 37(4) and reductions in receipts under ITTOIA 2005

#### Rules for ascertaining duration of leases.

#### Appeals against determinations under sections 34 to 36 or Chapter 4 of Part 3 of ITTOIA 2005.

#### Securities of foreign states.

#### Deep discount securities.

#### Discounted bills of exchange.

#### Expenses of insurance companies

#### Discounted bills of exchange.

#### Debts of overseas governments etc.

#### Expenses connected with living accommodation.

#### Restrictions on the use of tax credits by pension funds.

#### Section 432B: apportionment of business transfer-in

#### Computation of losses and limitation on relief.

#### Transitional provisions relating to unit trusts.

#### “Deposit-taker”, “deposit” and “relevant deposit”.

#### Cases where ss. 502B to 502G do not apply: plant or machinery held as trading stock

#### Capital sums: . . . winding up or partnership change.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Meaning of “construction operations”.

#### Earnings from pensionable employment.

#### Meaning of “net relevant earnings”.

#### Interest on tax overpaid.

#### Interest on payments in respect of corporation tax and meaning of “the material date".

#### Exemption for trade unions and employers’ associations.

#### Certified unit trusts: corporation tax.

#### Valuation of oil disposed of or appropriated in certain circumstances.

#### Relief where gain charged at a higher rate.

#### Conditions to be satisfied by individuals.

#### Introductory.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Exceptions from section 559.

#### Statutory redundancy payments.

#### Meaning of “settlement day” for purposes of sections 711 to 728.

#### The prescribed circumstances.

#### Meaning of “interest”, “transfers with or without accrued interest” etc.

#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.

#### Interest on tax overpaid.

#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.

#### Interpretation of the Tax Acts.

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Funds of funds: distributions.

#### Dividends paid to investment trusts.

#### Foreign income distribution to corporate unit holder.

#### Patent income to be earned income in certain cases.

#### Relief for payments in respect of designs.

#### The conditions for being an excepted group life policy

#### Meaning of “construction operations”.

#### Provisions supplementary to sections 573 to 575.

#### Information: supplementary provisions

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Qualifying counselling services etc.

#### Section 590: supplementary provisions.

#### Termination of relief under this Chapter, and transitional provisions.

#### Application of section 739 and 740

#### Settlements made before 7th April 1965 but after 9th April 1946.

#### Application of section 739 and 740

#### Sale and repurchase of securities.

#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)

#### Interpretation of the Corporation Tax Acts.

#### Meaning of “UK property business” and “overseas property business”

#### Meaning of “investment LLP” and “property investment LLP”

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Distribution accounts.

#### Life policies: computation of gain.

#### Regulations in relation to qualifying policies

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### The property managing subsidiaries requirement

#### Cessation of approval: general provisions.

#### Termination of relief under this Chapter, and transitional provisions.

#### Sale and repurchase of securities.

#### Interpretation of section 730A.

#### “Annual value” of land.

#### Meaning of “investment LLP” and “property investment LLP”

#### Meaning of “research and development”.

#### Exceptions from the general charge.

#### Provisions supplementary to section 138.

#### Interpretation of sections 251A to 251C

#### Relief for contributions in respect of share option gains.

#### Meaning of “distribution”.

#### Elections as to transfer of relief under section 257A.

#### Tax on companies in administration

#### Extension of section 349: proceeds of sale of UK patent rights

#### Exceptions to section 349 for payments between companies etc

#### The conditions mentioned in section 349A(1)

#### Schedule A losses.

#### Election that assets not be foreign business assets

#### Meaning of “individual savings account business”

#### Securities.

#### Transfers of business: election for transferee to pay tax of transferor

#### Life or endowment business: application of the Corporation Tax Acts.

#### Election as to tax exempt business.

#### Exemption for trade unions and employers’ associations.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Letting of furnished holiday accommodation treated as trade for certain income tax purposes

#### Qualifying expenditure and non-qualifying expenditure.

#### Meaning of “construction operations”.

#### Deductions from profits of contributions paid under certified schemes.

#### Provisions supplementary to sections 573 to 575.

#### Repayment supplements: companies.

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Repayment supplements: companies.

#### VAT penalties etc.

#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.

#### Exceptions to section 349 for payments between companies etc

#### Extension of section 349: proceeds of sale of UK patent rights

#### Interpretative provisions relating to insurance companies.

#### Schedule A business or overseas property business.

#### Transfers of business involving excess assets

#### Transfers of life assurance business: Case VI losses of the transferor

#### Exemption for trade unions and employers’ associations.

#### Certified unit trusts: distributions.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Charities: general.

#### Qualifying expenditure and non-qualifying expenditure.

#### Exceptions from section 559.

#### Provisions supplementary to sections 573 to 575.

#### Ceasing to meet the trading requirement because of administration or receivership

#### Interest on tax overpaid.

#### Relief by agreement with other territories.

#### Exemptions from section 148.

#### Giving effect to mileage allowance relief

#### Limited exemption for computer equipment.

#### Taxation of profit-related pay.

#### Relief for contributions in respect of share option gains.

#### Transfer of relief under section 257A where relief exceeds income.

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Restriction of set-off of allowances against general income

#### Exceptions from section 419.

#### Section 432B apportionment: value of non-participating funds.

#### Profits reserved for policy holders and annuitants.

#### Transfers of business: deemed periodical return

#### Assets of branch of registered friendly society to be treated as assets of society after incorporation.

#### Old societies.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Allowances for expenditure on purchase of patent rights: post-31st March 1986 expenditure.

#### Capital sums: . . . winding up or partnership change.

#### Application of this Chapter etc. to policies and contracts in which persons other than companies are interested

#### Qualifying trading companies

#### The qualifying subsidiaries requirement

#### Repayment supplements: companies.

#### Reduction of United Kingdom taxes by amount of credit due.

#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.

#### Limited exemption for computer equipment.

#### Provisions supplementary to section 138.

#### Provisions supplementary to sections 293 and 297.

#### Election that assets not be foreign business assets

#### Section 432B apportionment: participating funds.

#### Cases where no obligation to deduct tax

#### Regulations supplementing sections 468M to 468PA

#### Foreign income distribution to corporate unit holder.

#### Building societies: incidental costs of issuing qualifying shares.

#### Audit powers in relation to non-residents.

#### Determination of reduced rate for building societies and composite rate for banks etc.

#### Letting of furnished holiday accommodation treated as trade for certain income tax purposes

#### Lessee under long funding finance lease: limit on deductions

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Interpretation.

#### Approval of schemes.

#### Personal pension arrangements with more than one pension date etc.

#### Earnings from pensionable employment.

#### Old references to standard rate tax.

#### Qualifying companies

#### Repayment supplements: companies.

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Sponsored superannuation schemes and controlling directors.

#### Earnings cap.

#### Mutual agreement procedure and presentation of cases under arrangements.

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Repayment supplements: companies.

#### Schedule C.

#### Certain income charged at basic rate.

#### Restrictions on relief

#### Section 37(4) and reductions in receipts under ITTOIA 2005

#### Rules for ascertaining duration of leases.

#### Relief for rent etc. not paid.

#### United Kingdom government securities held by non-residents.

#### Disposal or exercise of rights in pursuance of deposits.

#### Discounted bills of exchange.

#### Expenses of insurance companies

#### Discounted bills of exchange.

#### Payments to Export Credit Guarantee Department.

#### Expenses connected with living accommodation.

#### Restrictions on the use of tax credits by pension funds.

#### Section 432B: apportionment of business transfer-in

#### Computation of losses and limitation on relief.

#### Court common investment funds.

#### Relevant deposits: computation of tax on interest.

#### Cases where ss. 502B to 502G do not apply: lessor also lessee under non-long funding lease

#### Capital sums: . . . winding up or partnership change.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Meaning of “construction operations”.

#### Earnings from pensionable employment.

#### Earnings from associated employments.

#### Interest on tax overpaid.

#### Interest on payments in respect of corporation tax and meaning of “the material date".

#### Authorised unit trusts.

#### Certified unit trusts: corporation tax.

#### Treatment of oil extraction activities etc. for tax purposes.

#### Relief where gain charged at a higher rate.

#### Conditions to be satisfied by individuals.

#### Introductory.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Exceptions from section 559.

#### Expenditure on car hire: supplementary

#### Meaning of “settlement day” for purposes of sections 711 to 728.

#### The prescribed circumstances.

#### Meaning of “interest”, “transfers with or without accrued interest” etc.

#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.

#### Interest on tax overpaid.

#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.

#### Interpretation of the Tax Acts.

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Certified unit trusts: distributions.

#### Dividends paid to investment trusts.

#### Foreign income distribution to corporate unit holder.

#### Manner of making allowances and charges.

#### Taxation of design royalties where owner abroad.

#### Application of this Chapter etc. to policies and contracts in which persons other than companies are interested

#### Meaning of “construction operations”.

#### Provisions supplementary to sections 573 to 575.

#### Information: supplementary provisions

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Qualifying counselling services etc.

#### Conditions for approval of retirement benefit schemes.

#### Termination of relief under this Chapter, and transitional provisions.

#### Application of section 739 and 740

#### Settlements made after 6th April 1965.

#### Sub-funds

#### Sale and repurchase of securities.

#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)

#### Interpretation of the Corporation Tax Acts.

#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)

#### Local authorities.

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Interpretation.

#### Life policies: chargeable events.

#### Regulations in relation to qualifying policies

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### The qualifying subsidiaries requirement

#### Effect on approved schemes of regulations under section 591.

#### Exemption from tax in respect of qualifying premiums.

#### Sale and repurchase of securities.

#### Interpretation of section 730A.

#### “Annual value” of land.

#### Meaning of “investment LLP” and “property investment LLP”

#### “Annual value” of land.

#### The non-qualifying pool

@@ -78216,7 +78216,7 @@

#### Levies and repayments under the Financial Services and Markets Act 2000.

#### Valuation of work in progress at discontinuance of profession or vocation.

#### Provisions supplementary to sections 100 and 101.

#### Tax credits for non-U.K. residents.

@@ -78346,13 +78346,13 @@

- (11) This section shall have effect in relation to distribution periods beginning on or after 6th April 1987.

#### Building societies: time for payment of tax.

#### Interest paid on deposits with banks etc.

#### Supplementary provisions.

#### Regulations in relation to qualifying policies

#### Ceasing to meet the trading requirement because of administration or receivership

#### Tax representatives.

#### The control and independence requirement

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

@@ -78360,9 +78360,9 @@

#### Interest in default.

#### Transfer of unrealised interest.

#### Interest in default.

#### Variable interest rate.

#### Unrealised interest in default

#### Nominees, trustees etc.

@@ -78376,11 +78376,11 @@

#### How averaging claim is given effect

#### Levies and repayments under the Financial Services and Markets Act 2000.

#### Levies and repayments under the Financial Services and Markets Act 2000: investment companies.

#### Costs of establishing share option or profit sharing schemes: relief.

#### Payments to trustees of approved profit sharing schemes.

#### Costs of establishing employee share ownership trusts: relief.

#### Charitable donations: contributions to agent’s expenses.

@@ -78394,734 +78394,734 @@

#### Tax credits under Part 1 of Tax Credits Act 2002

#### Exemptions and reliefs in respect of income from investments etc. of certain pension schemes.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Income arising under settlement where settlor retains an interest.

#### Schedule 4 directions.

#### Power to provide for manufactured payments to be eligible for relief.

#### Prevention of avoidance of income tax.

#### Liability of non-transferors.

#### About this Schedule

#### Qualifying companies

#### Supplement in respect of a pre-commencement accounting period

#### Supplement in respect of a post-commencement period

## Part IV — Disallowed debits and non-trading deficits

#### Power to modify sections 727A, 730A, 730BB and 737A to 737C

#### No duplication of charge.

#### About this Schedule

#### Qualifying companies

#### Supplement in respect of a pre-commencement accounting period

#### The pool of qualifying E&A losses and the pool of non-qualifying losses

#### Costs of establishing share option or profit sharing schemes: relief.

#### Charitable donations: contributions to agent’s expenses.

#### Taxable premiums etc.

#### Meaning of “the aggregate amount”

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Treatment of certain assignments etc involving co-ownership

#### Section 548A: further definitions

#### Overseas life assurance business: life policies.

#### Counselling services for employees.

#### Superannuation funds approved before 6th April 1980.

#### Meaning of “net relevant earnings”.

#### Cancellation of tax advantage.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Certain distributions to be treated as income to which section 686 applies.

#### Share incentive plans: distributions in respect of unappropriated shares

#### Prevention of avoidance of income tax.

#### The prescribed circumstances.

#### Exceptions from sections 713 and 714

#### Reduction in chargeable profits: failure to qualify for exemptions

#### Reduction in chargeable profits for certain financing income

#### Reduction in chargeable profits following an exempt period

#### Apportionment of chargeable profits and creditable tax

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Qualifying companies

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Application of charges where rights to payments transferred.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Introductory.

#### Section 548A: further definitions

#### Business entertaining expenses.

#### Sponsored superannuation schemes and controlling directors.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Special provisions as to certain interests in residue.

#### Application to Scotland.

#### Meaning of “settlement day” for purposes of sections 711 to 728.

#### Special rule for computing chargeable profits.

#### Reduction in chargeable profits for certain financing income

#### Tax year

#### About this Schedule

### Manufactured interest on UK securities: general

### Manufactured interest on gilt-edged securities etc.

#### Amount of post-commencement supplement for a post-commencement period

#### Taxable premiums etc.

#### Meaning of “the aggregate amount”

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Information: supplementary provisions

#### Income arising under settlement where settlor retains an interest.

#### Interpretation.

#### The prescribed circumstances.

#### Income arising under settlement where settlor retains an interest.

#### Payments to unmarried minor children of settlor.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Cancellation of tax advantage.

#### Exceptions from sections 713 and 714

#### Exception for sale and repurchase of securities.

#### Section 751A: supplementary

#### Relevant interests.

#### Determinations requiring the sanction of the Board.

#### Effect of notice under section 804ZA

#### Income treated as arising under section 761(1): remittance basis

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Introduction

#### The approved amount: mileage allowance payments

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Qualifying companies

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Income arising under settlement where settlor retains an interest.

#### Revocable settlements allowing release of obligation.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Trading stock.

#### Separate streaming of dividend so far as representing an ADP dividend of a CFC.

#### Offshore income gains accruing to persons resident or domiciled abroad.

#### Change in company ownership: corporation tax.

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Company vehicles

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### “A significant amount of time”

#### Section 87(2) and (3) and reductions in receipts under ITTOIA 2005

#### “The individual’s contribution to the trade”

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Expenditure on car hire: supplementary

#### Qualifying interests in land held jointly

#### Share incentive plans: distributions in respect of unappropriated shares

#### Payments under discretionary trusts.

#### Certain income not to be income of settlor etc.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Interpretation of section 737A.

#### Manufactured dividends and interest.

### Introductory

### Payments and other benefits to which section 148 applies

### Payments and other benefits excluded from charge under section 148

### Application of £30,000 threshold

### Exclusion or reduction of charge in case of foreign service

### Valuation of benefits

### Notional interest treated as paid if amount charged in respect of beneficial loan

### Giving effect to the charge to tax

### Reporting requirements

### Interpretation

#### Income treated as arising under section 761(1): remittance basis

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Qualifying companies

#### About this Schedule

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Information.

#### Deemed interest: cash collateral under stock lending arrangements

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### About this Schedule

#### Qualifying companies

#### Parliamentary pension funds.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Income arising under settlement where settlor retains an interest.

#### Schedule 4 directions.

#### Power to provide for manufactured payments to be eligible for relief.

#### Prevention of avoidance of income tax.

#### Liability of non-transferors.

#### Prevention of avoidance of income tax.

#### Exchange gains and losses on sale and repurchase of securities

#### Persons entitled to exemptions.

#### Company vehicles

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### The non-qualifying pool

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Transfers of rights to receive distributions in respect of shares

#### Treatment of price differential on sale and repurchase of securities.

#### Deemed manufactured payments: further provisions.

#### Qualifying vehicles

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Interpretation of section 730A.

#### Introduction

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Revocable settlements allowing release of obligation.

#### Appeals against Board’s notices under section 703.

#### Meaning of “settlement day” for purposes of sections 711 to 728.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Exemption from sections 739 and 740 (transactions on or after 5th December 2005)

#### Supplemental provisions.

### The appropriate percentage

### Car with CO2 emissions figure

### The lower threshold

### Bi-fuel cars

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Supplement in respect of a post-commencement period

#### The non-qualifying pool

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Qualifying companies

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Nominees, trustees etc.

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Revocable settlements allowing release of obligation.

#### Amount of post-commencement supplement for a post-commencement period

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### About this Schedule

#### Amount of post-commencement supplement for a post-commencement period

#### About this Schedule

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### The mixed pool of qualifying E&A expenditure and supplement previously allowed

#### Qualifying companies

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Arrangements made under old law.

#### Foreign tax on items giving rise to a non-trading credit: intangible fixed assets

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### About this Schedule

#### Supplement in respect of a pre-commencement accounting period

#### Supplement in respect of a post-commencement period

## Part IV — Disallowed debits and non-trading deficits

#### Power to provide for manufactured payments to be eligible for relief.

#### No duplication of charge.

#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### “The individual’s contribution to the trade”

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

#### Reduction of United Kingdom taxes by amount of credit due.

#### Dividends paid out of transferred profits.