Corporation Tax Act 2010

1. Introduction

   1. Summary

   2. Background

      1. The Tax Law Rewrite project

      2. Steering Committee

      3. Consultative Committee

      4. Consultation

   3. Corporation Tax Act

   4. Glossary

   5. Part 1: Introduction

      1. Section 1: Overview of Act

   6. Part 2: Calculation of liability in respect of profits

      1. Overview

      2. Chapter 1: Introduction

         1. Section 2: Overview of Part

      3. Chapter 2: Rates at which corporation tax on profits charged

         1. Section 3: Corporation tax rates

      4. Chapter 3: Calculation of amount to which rates applied

         1. Overview

         2. Section 4: Amount of profits to which corporation tax rates applied

      5. Chapter 4: Currency

         1. Overview

         2. Section 5: Basic rule: sterling to be used

         3. Section 6: UK resident company operating in sterling and preparing accounts in another currency

         4. Section 7: UK resident company operating in currency other than sterling and preparing accounts in another currency

         5. Section 8: UK resident company preparing accounts in currency other than sterling

         6. Section 9: Non-UK resident company preparing return of accounts in currency other than sterling

         7. Section 10: The equivalent in another currency of a sterling amount

         8. Section 11: Sterling equivalents: basic rule

         9. Section 12: Sterling equivalents: carried-back amounts

         10. Section 13: Sterling equivalents: carried-forward amounts

         11. Section 14: Carried-back amounts

         12. Section 15: Carried-forward amounts

         13. Section 16: Sections 13(2) and 15(5): profit against which carried-forward amount to be set

         14. Section 17: Interpretation of Chapter

   7. Part 3: Companies with small profits

      1. Overview

      2. Section 18: Profits charged at the small profits rate

      3. Section 19: Marginal relief

      4. Section 20: Company with only ring fence profits

      5. Section 21: Company with ring fence profits and other profits

      6. Section 22: The ring fence amount

      7. Section 23: The remaining amount

      8. Section 24: The lower limit and the upper limit

      9. Section 25: Associated companies

      10. Section 26: Section 25(3): treatment of certain non-trading companies

      11. Section 27: Attribution to persons of rights and powers of their partners

      12. Section 28: Associated companies: fixed-rate preference shares

      13. Section 29: Association through a loan creditor

      14. Section 30: Association through a trustee

      15. Section 31: Power to obtain information

      16. Section 32: Meaning of “augmented profits”

      17. Section 33: Interpretation of section 32(2) and (3)

      18. Section 34: Close investment-holding companies

   8. Part 4: Loss relief

      1. Overview

      2. Chapter 1: Introduction

         1. Section 35: Overview of Part

      3. Chapter 2: Trade losses

         1. Overview

         2. Section 36: Introduction to Chapter

         3. Section 37: Relief for trade losses against total profits

         4. Section 38: Limit on deduction if accounting period falls partly within 12 month period

         5. Section 39: Terminal losses: extension of periods for which relief may be given

         6. Section 40: Ring fence trades: extension of periods for which relief may be given

         7. Section 41: Sections 39 and 40: transfers of trade to obtain relief

         8. Section 42: Ring fence trades: further extension of period for relief

         9. Section 43: Claim period in case of ring fence or mineral extraction trades

         10. Section 44: Trade must be commercial or carried on for statutory functions

         11. Section 45: Carry forward of trade loss against subsequent trade profits

         12. Section 46: Use of trade-related interest and dividends if insufficient trade profits

         13. Section 47: Registered industrial and provident societies

         14. Section 48: Farming or market gardening

         15. Section 49: Reasonable expectation of profit

         16. Section 50: Cessation of trades

         17. Section 51: Companies treated as same person as individual

         18. Section 52: Dealings in commodity futures

         19. Section 53: Leasing contracts and company reconstructions

         20. Section 54: Non-UK resident company: receipts of interest, dividends or royalties

      4. Chapter 3: Limited partners and members of limited liability partnerships

         1. Section 55: Introduction to Chapter

         2. Section 56: Restriction on reliefs for limited partners

         3. Section 57: Meaning of “contribution to the firm”

         4. Section 58: Meaning of “limited partner”

         5. Section 59: Restriction on relief for members of LLPs

         6. Section 60: Meaning of “contribution to the LLP”

         7. Section 61: Unrelieved losses brought forward

      5. Chapter 4: Property losses

         1. Overview

         2. Section 62: Relief for losses made in UK property business

         3. Section 63: Company with investment business ceasing to carry on UK property business

         4. Section 64: UK property business to be commercial or carried on for statutory functions

         5. Section 65: UK furnished holiday lettings business treated as trade

         6. Section 66: Relief for losses made in overseas property business

         7. Section 67: Overseas property business to be commercial or carried on for statutory functions

      6. Chapter 5: Losses on disposal of shares

         1. Overview

         2. Section 68: Share loss relief

         3. Section 69: Eligibility conditions

         4. Section 70: Entitlement to claim

         5. Section 71: How relief works

         6. Section 72: Limit on deduction if accounting period falls partly within 12 month period

         7. Section 73: Subscription for shares

         8. Section 74: Disposals of new shares

         9. Section 75: Limits on relief

         10. Section 76: Disposal of shares forming part of mixed holding

         11. Section 77: Section 76: supplementary

         12. Section 78: Qualifying trading companies

         13. Section 79: The trading requirement

         14. Section 80: Ceasing to meet trading requirement because of administration etc

         15. Section 81: The control and independence requirement

         16. Section 82: The qualifying subsidiaries requirement

         17. Section 83: The property managing subsidiaries requirement

         18. Section 84: The gross assets requirement

         19. Section 85: The unquoted status requirement

         20. Section 86: Power to amend requirements by Treasury order

         21. Section 87: Relief after an exchange of shares for shares in another company

         22. Section 88: Substitution of new shares for old shares

         23. Section 89: Deemed time of issue for certain shares

         24. Section 90: Interpretation of Chapter

      7. Chapter 6: Losses from miscellaneous transactions

         1. Overview

         2. Section 91: Relief for losses from miscellaneous transactions

      8. Chapter 7: Write–off of government investment

         1. Overview

         2. Section 92: Loss relief to be reduced if government investment is written off

         3. Section 93: Groups of companies

         4. Section 94: Cases in which government investment is written off

         5. Section 95: Meaning of “carry-forward losses”

         6. Section 96: Interaction with other tax provisions

   9. Part 5: Group relief

      1. Overview

      2. Groups

      3. Consortiums

      4. International

      5. Other reliefs

      6. Equity holders

      7. Chapter 1: Introduction

         1. Overview

         2. Section 97: Introduction to Part

      8. Chapter 2: Surrender of company’s losses etc for an accounting period

         1. Overview

         2. Section 98: Overview of Chapter

         3. Section 99: Surrendering of losses and other amounts

         4. Section 100: Meaning of “trading loss”

         5. Section 101: Meaning of “capital allowance excess”

         6. Section 102: Meaning of “UK property business loss”

         7. Section 103: Meaning of “management expenses”

         8. Section 104: Meaning of “non-trading loss on intangible fixed assets”

         9. Section 105: Restriction on surrender of losses etc within section 99(1)(d) to (g)

         10. Section 106: Restriction on losses etc surrenderable by UK resident

         11. Section 107: Restriction on losses etc surrenderable by non-UK resident

         12. Section 108: Meaning of “non-UK profits”

         13. Section 109: Restriction on losses etc surrenderable by dual resident

         14. Section 110: Restriction on surrender of losses etc from alternative finance arrangements

      9. Chapter 3: Surrendersmade by non-UK resident company resident or trading in the EEA

         1. Overview

         2. Section 111: Overview of Chapter

         3. Section 112: EEA related definitions

         4. Section 113: Steps to determine extent to which loss etc can be surrendered

         5. Section 114: The equivalence condition

         6. Section 115: The EEA tax loss condition: companies resident in EEA territory

         7. Section 116: The EEA tax loss condition: companies not resident in EEA territory

         8. Section 117: The qualifying loss condition: general

         9. Section 118: The qualifying loss condition: relief for current and previous periods

         10. Section 119: The qualifying loss condition: relief for future periods

         11. Section 120: The qualifying loss condition: non-UK tax relief in another territory

         12. Section 121: The precedence condition

         13. Section 122: Assumptions to be made in recalculating EEA amount

         14. Section 123: Assumptions as to UK residence

         15. Section 124: Assumptions as to places in which activities carried on

         16. Section 125: Assumptions as to accounting periods

         17. Section 126: Assumptions in relation to capital allowances

         18. Section 127: Amounts excluded because of certain arrangements

         19. Section 128: Rules for recalculating EEA amount

      10. Chapter 4: Claims for group relief

          1. Overview

          2. Section 129: Overview of Chapter

          3. Section 130: Group relief claims on amounts surrenderable under Chapter 2

          4. Section 131: The group condition

          5. Section 132: Consortium condition 1

          6. Section 133: Consortium conditions 2 and 3

          7. Section 134: Meaning of “UK related” company

          8. Section 135: Group relief claims on amounts surrenderable under Chapter 3

          9. Section 136: The EEA group condition

          10. Section 137: Deduction from total profits

          11. Section 138: Limitation on amount of group relief applying to all claims

          12. Section 139: Unused part of the surrenderable amounts

          13. Section 140: Unrelieved part of claimant company’s available total profits

          14. Section 141: Sections 139 and 140:supplementary

          15. Section 142: Meaning of “the overlapping period”

          16. Section 143: Condition 1: surrendering company owned by consortium

          17. Section 144: Condition 1: claimant company owned by consortium

          18. Section 145: Conditions 2 and 3: limitations in sections 143 and 144

          19. Section 146: Conditions 2 and 3: companies in link company’s group

          20. Section 147: Conditions 1 and 2: surrenderable amounts including trading loss

          21. Section 148: Conditions 1 and 2: surrendering company in group of companies

          22. Section 149: Conditions 1 and 3: claimant company in group of companies

      11. Chapter 5: Subsidiaries, groups and consortiums

          1. Overview

          2. Section 150: Overview of Chapter

          3. Section 151: Meaning of “75% subsidiary” and “90% subsidiary”

          4. Section 152: Groups of companies

          5. Section 153: Companies owned by consortiums and members of consortiums

          6. Section 154: Arrangements for transfer of member of group of companies etc

          7. Section 155: Arrangements for transfer of company owned by consortium etc

          8. Section 156: Sections 154 and 155: supplementary

      12. Chapter 6: Equity holders and profits or assets available for distribution

          1. Overview

          2. Section 157: Introduction to Chapter

          3. Section 158: Meaning of “equity holder”

          4. Section 159: Use of relevant company’s assets

          5. Section 160: Meaning of “ordinary shares”

          6. Section 161: Meaning of “restricted right to dividends”

          7. Section 162: Meaning of “normal commercial loan”

          8. Section 163: Normal commercial loans: company’s results or value of assets

          9. Section 164: Sections 160 and 162: supplementary

          10. Section 165: Proportion of profits available for distribution to which company is entitled

          11. Section 166: Proportion of assets available for distribution to which company is entitled

          12. Section 167: Profits or assets available for distribution and entitlement: supplementary

          13. Section 168: Meaning of “the relevant accounting period”

          14. Section 169: Application and interpretation of sections 170 to 182

          15. Section 170: Shares or securities with limited rights

          16. Section 171: Shares or securities with temporary rights

          17. Section 172: Company A’s proportion if shares etc have temporary rights

          18. Section 173: Cases in which option arrangements are in place

          19. Section 174: Company A’s proportion if option arrangements in place

          20. Sections 175 to 178

              1. Overview

          21. Section 175: Cases in which both sections 170 and 172 apply

          22. Section 176: Cases in which both sections 170 and 174 apply

          23. Section 177: Cases in which both sections 172 and 174 apply

          24. Section 178: Cases in which sections 170, 172 and 174 all apply

          25. Section 179: Cases in which surrendering or claimant company is non-UK resident

          26. Section 180: Company A’s proportion if non-UK resident involved

          27. Section 181: Assumptions to be applied if non-UK resident company involved

          28. Section 182: Assets etc referable to UK trade

      13. Chapter 7: Miscellaneous provisions and interpretation of Part

          1. Overview

          2. Section 183: Payments for group relief

          3. Section 184: References to “allowance” in CAA 2001

          4. Section 185: “Trading company” and “holding company”

          5. Section 186: When activities of a company are double taxation exempt

          6. Section 187: Meaning of “non-UK tax”

          7. Section 188: Other definitions

   10. Part 6: Charitable donations relief

       1. Overview

       2. Chapter 1: Nature of relief

          1. Overview

          2. Section 189: Relief for qualifying charitable donations

          3. Section 190: Qualifying charitable donations: meaning

       3. Chapter 2: Certain payments to charity

          1. Overview

          2. Section 191: Qualifying payments

          3. Section 192: Condition as to repayment

          4. Section 193: Associated acquisition etc

          5. Section 194: Distributions

          6. Section 195: Associated benefits

          7. Section 196: Associated benefits: meaning

          8. Section 197: Restrictions on associated benefits

          9. Section 198: Payments and benefits linked to periods of less than 12 months

          10. Section 199: Payment attributed to earlier accounting period

          11. Section 200: Company wholly owned by a charity

          12. Section 201: Associated persons

          13. Section 202: “Charity”

       4. Chapter 3: Certain disposals to charity

          1. Overview

          2. Section 203: Certain disposals of investments

          3. Section 204: Meaning of qualifying investment

          4. Section 205: Meaning of qualifying interest in land

          5. Section 206: The relievable amount

          6. Section 207: Incidental costs of making disposal

          7. Section 208: Consideration

          8. Section 209: Value of net benefit to charity

          9. Section 210: Market value of qualifying investments

          10. Section 211: Meaning of “disposal-related obligation”

          11. Section 212: Meaning and amount of “disposal-related liability”

          12. Section 213: Certificate required from charity

          13. Section 214: Qualifying interests in land held jointly

          14. Section 215: Calculation of relievable amount etc where joint disposal of interest in land

          15. Section 216: Disqualifying events

          16. Section 217: “Charity”

   11. Part 7: Community investment tax relief

       1. Overview

       2. Chapter 1: Introduction

          1. Overview

          2. Section 218: Meaning of “CITR”

          3. Section 219: Eligibility for CITR

          4. Section 220: Form and amount of CITR

          5. Section 221: Meaning of “making an investment”

          6. Section 222: Determination of “the invested amount”

          7. Section 223: Meaning of “the 5 year period” and “the investment date”

          8. Section 224: Overview of other Chapters of Part

       3. Chapter 2: Qualifying investments

          1. Overview

          2. Section 225: Qualifying investments: introduction

          3. Section 226: Conditions to be met in relation to loans

          4. Section 227: Conditions to be met in relation to securities

          5. Section 228: Conditions to be met in relation to shares

          6. Section 229: Tax relief certificates

          7. Section 230: No pre-arranged protection against risks

       4. Chapter 3: General conditions

          1. Overview

          2. Section 231: No control of CDFI by investor

          3. Section 232: Investor must have beneficial ownership

          4. Section 233: Investor must not be accredited

          5. Section 234: No acquisition of share in partnership

          6. Section 235: No tax avoidance purpose

       5. Chapter 4: Limitations on claims and attribution

          1. Overview

          2. Section 236: Loans: no claim after disposal or excessive repayments or receipts of value

          3. Section 237: Securities or shares: no claim after disposal or excessive receipts of value

          4. Section 238: No claim after loss of accreditation by the CDFI

          5. Section 239: Accreditation of investor

          6. Section 240: Attribution: general

          7. Section 241: Attribution: bonus shares

       6. Chapter 5: Withdrawal or reduction of CITR

          1. Overview

          2. Section 242: Introduction to Chapter

          3. Section 243: Disposal of loan during 5 year period

          4. Section 244: Disposal of securities or shares during 5 year period

          5. Section 245: Repayment of loan capital during 5 year period

          6. Section 246: Value received by investor during 6 year period: loans

          7. Section 247: Value received by investor during 6 year period: securities or shares

          8. Section 248: Receipts of insignificant value to be added together

          9. Section 249: When value is received

          10. Section 250: The amount of value received

          11. Section 251: Value received if there is more than one investment

          12. Section 252: Effect of receipt of value on future claims

          13. Section 253: Receipts of value by or from connected persons

          14. Section 254: CITR subsequently found not to have been due

          15. Section 255: Manner of withdrawal or reduction of CITR

       7. Chapter 6: Supplementary and general

          1. Overview

          2. Section 256: Meaning of “loan” and “interest”

          3. Section 257: Purchase and resale arrangements

          4. Section 258: Deposit arrangements

          5. Section 259: Profit share agency arrangements

          6. Section 260: Information to be provided by the investor

          7. Section 261: Disclosure

          8. Section 262: Nominees

          9. Section 263: Application for postponement of tax pending appeal

          10. Section 264: Identification of securities or shares on a disposal

          11. Section 265: Meaning of “issue of securities or shares”

          12. Section 266: Meaning of “disposal”

          13. Section 267: Construction of references to being “held continuously”

          14. Section 268: Meaning of “associate”

          15. Section 269: Minor definitions etc

   12. Part 8: Oil activities

       1. Overview

       2. Chapter 1: Introduction

          1. Section 270: Overview of Part

       3. Chapter 2: Basic definitions

          1. Section 271: “Associated companies”

          2. Section 272: “Oil extraction activities”

          3. Section 273: “Oil rights”

          4. Section 274: “Oil-related activities”

          5. Section 275: “Ring fence income”

          6. Section 276: “Ring fence profits”

          7. Section 277: “Ring fence trade”

          8. Section 278: Other definitions

       4. Chapter 3: Deemed separate trade

          1. Section 279: Oil–related activities treated as separate trade

       5. Chapter 4: Calculation of profits

          1. Overview

          2. Section 280: Disposal to be valued by reference to section 2(5A) of OTA 1975

          3. Section 281: Valuation where market value taken into account under section 2 of OTA 1975

          4. Section 282: Valuation where disposal not sale at arm’s length

          5. Section 283: Valuation where excess of nominated proceeds

          6. Section 284: Valuation where relevant appropriation but no disposal

          7. Section 285: Valuation where appropriation to refining etc

          8. Section 286: Restriction on debits to be brought into account

          9. Section 287: Restriction on credits to be brought into account

          10. Section 288: Sale and lease-back

          11. Section 289: Reduction of expenditure by reference to regional development grant

          12. Section 290: Adjustment as a result of regional development grant

          13. Section 291: Tariff receipts etc

          14. Section 292: Expenditure on and under abandonment guarantees

          15. Section 293: Relief for reimbursement expenditure under abandonment guarantees

          16. Section 294: Payment under abandonment guarantee not immediately applied

          17. Section 295: Amounts excluded from section 293(1)

          18. Section 296: Introduction to sections 297 and 298

          19. Section 297: Relief for expenditure incurred by a participator in meeting defaulter’s abandonment expenditure

          20. Section 298: Reimbursement by defaulter in respect of certain abandonment expenditure

          21. Section 299: Deduction of PRT in calculating income for corporation tax purposes

          22. Section 300: Effect of repayment of PRT: general rule

          23. Section 301: Effect of repayment of PRT: special rule

          24. Section 302: Interest on repayment of PRT or APRT

          25. Section 303: Management expenses

          26. Section 304: Losses

          27. Section 305: Group relief

          28. Section 306: Capital allowances

       6. Chapter 5: Ring fence expenditure supplement

          1. Overview

          2. Section 307: Overview of Chapter

          3. Section 308: Qualifying companies

          4. Section 309: Accounting periods

          5. Section 310: The relevant percentage

          6. Section 311: Limit on number of accounting periods for which supplement may be claimed

          7. Section 312: Qualifying pre-commencement expenditure

          8. Section 313: Unrelieved group ring fence profits for accounting periods

          9. Section 314: Taxable ring fence profits for an accounting period

          10. Section 315: Supplement in respect of a pre-commencement accounting period

          11. Section 316: The mixed pool of qualifying pre-commencement expenditure and supplement previously allowed

          12. Section 317: Reduction in respect of disposal receipts under CAA 2001

          13. Section 318: Reduction in respect of unrelieved group ring fence profits

          14. Section 319: The reference amount for a pre-commencement period

          15. Section 320: Claims for pre-commencement supplement

          16. Section 321: Supplement in respect of a post-commencement period

          17. Section 322: Amount of post-commencement supplement for a post-commencement period.

          18. Section 323: Ring fence losses

          19. Section 324: Special rule for straddling periods

          20. Section 325: The pool of ring fence losses and the pool of non-qualifying Schedule 19B losses

          21. Section 326: The ring fence pool

          22. Section 327: Reductions in respect of utilised ring fence losses

          23. Section 328: Reductions in respect of unrelieved group ring fence profits

          24. Section 329: The reference amount for a post-commencement period

       7. Chapter 6: Supplementary charge in respect of ring fence trades

          1. Section 330: Supplementary charge in respect of ring fence trades

          2. Section 331: Meaning of “financing costs” etc

          3. Section 332: Assessment, recovery and postponement of supplementary charge

       8. Chapter 7: Reduction of supplementary charge for certain new oil fields

          1. Overview

          2. Section 333: Reduction of adjusted ring fence profits

          3. Section 334: Company’s pool of field allowances

          4. Section 335: Carrying part of pool of field allowances into following period

          5. Section 336: Carrying whole of pool of field allowances into following period

          6. Section 337: Initial licensee to hold a field allowance

          7. Section 338: Holding a field allowance on acquisition of equity share

          8. Section 339: Unactivated amount of field allowance

          9. Section 340: Introduction to section 341

          10. Section 341: Activation of field allowance

          11. Section 342: Introduction to sections 343 and 344

          12. Section 343: Reference periods

          13. Section 344: Activation of field allowance

          14. Section 345: Introduction to sections 346 and 347

          15. Section 346: Reduction of field allowance if equity disposed of

          16. Section 347: Acquisition of field allowance if equity acquired

          17. Section 348: Adjustments

          18. Section 349: Orders

          19. Section 350: “New oil field”

          20. Section 351: “Authorisation of development of an oil field”

          21. Section 352: “Qualifying oil field”

          22. Section 353: “Small oil field”

          23. Section 354: “Ultra heavy oil field”

          24. Section 355: “Ultra high pressure/high temperature oil field”

          25. Section 356: “Total field allowance for a new oil field”

          26. Section 357: Other definitions

   13. Part 9: Leasing plant or machinery

       1. Overview

       2. Chapter 1: Introduction

          1. Section 358: Introduction to Part

       3. Chapter 2: Long funding leases of plant or machinery

          1. Overview

          2. Section 359: Overview of Chapter

          3. Section 360: Lessor under long funding finance lease: rental earnings

          4. Section 361: Lessor under long funding finance lease: exceptional items

          5. Section 362: Lessor under long funding finance lease making termination payment

          6. Section 363: Lessor under long funding operating lease: periodic deduction

          7. Section 364: “Starting value”: general

          8. Section 365: “Starting value” where plantor machinery originally unqualifying

          9. Section 366: Long funding operating lease: lessor’s additional expenditure

          10. Section 367: Determination of remaining residual value resulting from lessor’s first additional expenditure

          11. Section 368: Determination of remaining residual value resulting from lessor’s further additional expenditure

          12. Section 369: Lessor under long funding operating lease: termination of lease

          13. Section 370: Plant or machinery held as trading stock

          14. Section 371: Adjustments where sections 360 to 369 subsequently disapplied by section 370

          15. Section 372: Lessor also lessee under non–long funding lease

          16. Section 373: Other avoidance

          17. Section 374: Provision supplementing section 373

          18. Section 375: Adjustments where sections 360 to 369 subsequently disapplied by section 373

          19. Section 376: Films

          20. Section 377: Lessee under long funding finance lease: limit on deductions

          21. Section 378: Lessee under long funding finance lease: termination

          22. Section 379: Lessee under long funding operating lease

          23. Section 380: “Starting value” in section 379

          24. Section 381: Interpretation of Chapter

       4. Chapters 3 to 6: The sales of lessors Chapters

          1. Overview

       5. Chapter 3: Sales of lessors: leasing business carried on by a company alone

          1. Overview

          2. Section 382: Introduction to Chapter

          3. Section 383: Income and matching expense in different accounting periods

          4. Section 384: Amount of income and expense

          5. Section 385: No carry back of the expense

          6. Section 386: Relief for expense otherwise giving rise to carried forward loss

          7. Section 387: “Business of leasing plant or machinery”

          8. Section 388: “Relevant plant or machinery value” for condition A in section 387

          9. Section 389: Provision supplementing section 388

          10. Section 390: Relevant plant or machinery value where relevant company lessee under long funding lease etc

          11. Section 391: Relevant company’s income for condition B in section 387

          12. Section 392: “Qualifying change of ownership”

          13. Section 393: Qualifying 75% subsidiaries

          14. Section 394: Consortium relationships

          15. Section 395: No qualifying change of ownership in the case of certain intra–group reorganisations

          16. Section 396: No qualifying change of ownership where principal company’s interest in consortium company unchanged

          17. Section 397: Companies owned by consortiums and members of consortiums

          18. Section 398: “Qualifying 75% or 90% subsidiary” etc

          19. Section 399: The amount of the income: the basic amount

          20. Section 400: “PM” in section 399

          21. Section 401: Provisions supplementing section 400

          22. Section 402: “PM” where relevant company lessee under long funding lease etc

          23. Section 403: “TWDV” in section 399

          24. Section 404: Amount to be nil if basic amount negative

          25. Section 405: Adjustment to the basic amount: qualifying 75% subsidiaries

          26. Section 406: Adjustment to the basic amount: consortium relationships

          27. Section 407: Migration

          28. Section 408: “Associated company”

       6. Chapter 4: Sales of lessors: leasing business carried on by a company in partnership

          1. Overview

          2. Section 409: Introduction to Chapter

          3. Section 410: “Business of leasing plant or machinery”

          4. Section 411: “Relevant plant or machinery value” for condition A in section 410

          5. Section 412: Provision supplementing section 411

          6. Section 413: Relevant plant or machinery value where partnership lessee under long funding lease etc

          7. Section 414: Partnership’s income for condition B in section 410

          8. Section 415: “Qualifying change” in company’s interest in a business

          9. Section 416: Determining the percentage share in the profits or loss of business

          10. Section 417: Partner company’s income and other companies’ matching expense

          11. Section 418: Amount of income and expense

          12. Section 419: Relief for expense otherwise giving rise to carried forward loss

          13. Section 420: Exception: companies carrying on business ceasing to share in its profits

          14. Section 421: The amount of the income: the basic amount

          15. Section 422: Amount to be nil if basic amount negative

          16. Section 423: Adjustment to the basic amount

          17. Section 424: The amount of expense

          18. Section 425: Partner company’s income and matching expense in different accounting periods

          19. Section 426: Amount of income and expense

          20. Section 427: No carry back of the expense

          21. Section 428: Relief for expense otherwise giving rise to carried forward loss

          22. Section 429: The amount of the income

          23. Section 430: “Associated company”

          24. Section 431: “Profits” and “loss”

       7. Chapter 5: Sales of lessors: anti–avoidance provisions

          1. Overview

          2. Section 432: Restrictions on relief for Chapter 3 or 4 expenses: introduction

          3. Section 433: Restrictions applying to the restricted loss amount

          4. Section 434: Introduction to sections 435 and 436

          5. Section 435: Disregard of increases and decreases in balance sheet amounts

          6. Section 436: Balance sheet amounts determined on assumption company has no liabilities

       8. Chapter 6: Sales of lessors: general interpretation

          1. Section 437: Interpretation of the sales of lessors Chapters

   14. Part 10: Close companies

       1. Overview

       2. Chapter 1: Overview of Part

          1. Section 438: Overview of Part

       3. Chapter 2: Basic definitions

          1. Overview

          2. Section 439: “Close company”

          3. Section 440: Basis of winding up under section 439(3)

          4. Section 441: Treatment of some persons as participators or directors for the purposes of section 439(3)

          5. Section 442: Particular types of company

          6. Section 443: Companies controlled by or on behalf of Crown

          7. Section 444: Companies involved with non-close companies

          8. Section 445: Section 444: registered pension schemes

          9. Section 446: Particular types of quoted company

          10. Section 447: Section 446: meaning of “shares beneficially held by the public” etc

          11. Sections 448 and 449: “Associate”; “associated company”

          12. Section 450: “Control”

          13. Section 451: Section 450: rights to be attributed etc

          14. Section 452: “Director”

          15. Sections 453 and 454 “Loan creditor”; “participator”

       4. Chapter 3: Charge to tax in case of loan to participator

          1. Section 455: Charge to tax in case of loan to participator

          2. Section 456: Exceptions to the charge under section 455

          3. Section 457: Section 456: meaning of “material interest in a company”

          4. Section 458: Relief in case of repayment or release of loan

          5. Section 459: Loan treated as made to participator

          6. Section 460: Loan treated as made by close company

          7. Section 461: Exception to section 460

          8. Section 462: Determination of particular questions as a result of section 460

          9. Section 463: Taxation of debtor on release of loan to trustees of settlement which has ended

          10. Section 464: Section 463: other person treated as releasing or writing off debt

       5. Chapter 4: Power to obtain information

          1. Section 465: Power to obtain information

   15. Part 11: Charitable companies etc

       1. Overview

       2. Chapter 1: Introduction

          1. Overview

          2. Section 466: Overview of Part

          3. Section 467: Meaning of “charitable company”

          4. Section 468: Meaning of “eligible body”

          5. Section 469: Conditions for qualifying as a scientific research association

          6. Section 470: Meaning of “research and development” in section 469.

       3. Chapter 2: Gifts and other payments

          1. Overview

          2. Section 471: Gifts qualifying for gift aid relief: income tax treated as paid

          3. Section 472: Gifts qualifying for gift aid relief: corporation tax liability and exemption

          4. Section 473: Gifts of money from companies: corporation tax liability and exemption

          5. Section 474: Payments from other charities: corporation tax liability and exemption

          6. Section 475: Gifts qualifying for gift aid relief: income tax treated as paid and exemption

          7. Section 476: Gifts of money from companies: exemption

          8. Section 477: Gifts of money from companies: exemption

       4. Chapter 3: Other exemptions

          1. Overview

          2. Section 478: Exemption for profits etc of charitable trades

          3. Section 479: Meaning of “charitable trade”

          4. Section 480: Exemption for profits of small-scale trades

          5. Section 481: Exemption from charges under provisions to which section 1173 applies

          6. Section 482: Condition as to trading and miscellaneous incoming resources

          7. Section 483: Exemption for profits from fund-raising events

          8. Section 484: Exemption for profits from lotteries

          9. Section 485: Exemption for property income etc

          10. Section 486: Exemption for investment income and non-trading profits from loan relationships

          11. Section 487: Exemption for public revenue dividends

          12. Section 488: Exemption for certain miscellaneous income

          13. Section 489: Exemption for income from estates in administration

          14. Section 490: Eligible bodies

          15. Section 491: Scientific research associations

       5. Chapter 4: Restrictions on exemptions

          1. Overview

          2. Section 492: Restrictions on exemptions

          3. Section 493: The non-exempt amount

          4. Section 494: Attributing income to the non-exempt amount

          5. Section 495: How income is attributed to the non-exempt amount

          6. Section 496: Meaning of “non-charitable expenditure”

          7. Section 497: Section 496: supplementary

          8. Section 498: Section 496(1)(d): meaning of expenditure

          9. Section 499: Section 496(1)(d): accounting period in which certain expenditure treated as incurred

          10. Section 500: Section 496(1)(d): payment to body outside the UK

          11. Section 501: Section 496(1)(g) and (h): investments and loans

          12. Section 502: Transactions with substantial donors

          13. Section 503: Meaning of “relievable gift”

          14. Section 504: Non-charitable expenditure in substantial donor transactions

          15. Section 505: Adjustment if section 504(1) and (2) applied to single transaction

          16. Section 506: Section 504: certain payments and benefits to be ignored

          17. Section 507: Transactions: exceptions

          18. Section 508: Donors: exceptions

          19. Section 509: Connected charities

          20. Section 510: Substantial donor transactions: supplementary

          21. Section 511: Approved charitable investments

          22. Section 512: Securities which are approved charitable investments

          23. Section 513: Conditions to be met for some securities

          24. Section 514: Approved charitable loans

          25. Section 515: Excess expenditure treated as non-charitable expenditure of earlier periods

          26. Section 516: Rules for attributing excess expenditure to earlier periods

          27. Section 517: Adjustments in consequence of section 515

   16. Part 12: Real Estate Investment Trusts

       1. Overview

       2. Chapter 1: Introduction

          1. Section 518: Introduction to Part

          2. Section 519: “Property rental business”

          3. Section 520: “UK property rental business” of non-UK companies

          4. Section 521: “UK company” and “non-UK company”

          5. Section 522: “Residual business”

       3. Chapter 2: Requirements for being a UK REIT

          1. Section 523: Notice for a group of companies to become a UK REIT

          2. Section 524: Notice for a company to become a UK REIT

          3. Section 525: Notice under section 523 or 524: supplementary

          4. Section 526: Duration of status as UK REIT

          5. Section 527: Being a UK REIT in relation to an accounting period

          6. Section 528: Conditions for company

          7. Section 529: Conditions as to property rental business

          8. Section 530: Condition as to distribution of profits

          9. Section 531: Conditions as to balance of business

          10. Section 532:Financial statements for group UK REITs

          11. Section 533: Financial statements: supplementary

       4. Chapter 3: Tax treatment of profits and gains of UK REITs

          1. Section 534: Profits

          2. Section 535: Gains

       5. Chapter 4: Entering the UK REIT regime

          1. Section 536: Effects of entry: corporation tax

          2. Section 537: Effects of entry: CAA 2001

          3. Section 538: Entry charge

          4. Section 539: Calculation of the notional amount

          5. Section 540: Election to treat notional income as arising in instalments

       6. Chapter 5: Assets etc

          1. Section 541: Ring-fencing of property rental business

          2. Section 542: Disapplication of certain provisions

          3. Section 543: Profit: financing-cost ratio

          4. Section 544: Meaning of “property profits” and “property financing costs”

          5. Section 545: Cancellation of tax advantage

          6. Section 546: Appeal against notice under section 545

          7. Section 547: Funds awaiting reinvestment

       7. Chapter 6:Distributions

          1. Section 548: Distributions: liability to tax

          2. Section 549: Distributions: supplementary

          3. Section 550: Attribution of distributions

          4. Section 551: Tax consequences of distribution to holder of excessive rights

          5. Section 552: “The section 552 amount”

          6. Section 553: Meaning of “holder of excessive rights”

          7. Section 554: Regulations: distributions to holders of excessive rights

       8. Chapter 7: Gains etc

          1. Section 555: Assets: change of use

          2. Section 556: Disposal of assets

          3. Section 557: Movement of assets into ring fence

          4. Section 558: Demergers: disposal of asset

          5. Section 559: Demergers: company leaving group UK REIT

          6. Section 560: Interpretation of Chapter

       9. Chapter 8: Breach of conditions in Chapter 2

          1. Section 561: Notice of breach of relevant Chapter 2 condition

          2. Section 562: Breach of conditions C and D in section 528 (conditions for company)

          3. Section 563: Breach of conditions as to property rental business

          4. Section 564: Breach of condition as to distribution of profits

          5. Section 565: “The section 565 amount”

          6. Section 566: Breach of condition B in section 531 in accounting period 1

          7. Section 567: Meaning of “the notional amount”

          8. Section 568: Breach of balance of business conditions after accounting period 1

          9. Section 569: Chapter subject to section 572

       10. Chapter 9: Leaving the UK REIT regime

           1. Section 570: Overview of Chapter

           2. Section 571: Termination by notice: group or company

           3. Section 572: Termination by notice: officer of Revenue and Customs

           4. Section 573: Notice under section 572: tax advantage

           5. Section 574: Notice under section 572: serious breach

           6. Section 575: Notice under section 572: breach of conditions as to property rental business

           7. Section 576: Notice under section 572: breach of conditions as to balance of business

           8. Section 577: Notice under section 572: multiple breaches of conditions in Chapter 2

           9. Section 578: Automatic termination for breach of certain conditions in section 528

           10. Section 579: Effects of cessation: corporation tax

           11. Section 580: Effects of cessation: CAA 2001

           12. Section 581: Early exit by notice

           13. Section 582: Early exit

       11. Chapter 10: Joint ventures

           1. Section 583: Overview of Chapter

           2. Section 584: Meaning of “joint venture company” and “joint venture group”

           3. Section 585: Meaning of “venturing group” and “venturingcompany”

           4. Section 586: Notice for Part to apply: joint venture company

           5. Section 587: Notice for Part to apply: joint venture group

           6. Section 588: Effect of notice under section 586

           7. Section 589: Effect of notice under section 587

           8. Section 590: Duration of notice under section 586 or 587

           9. Section 591: Conditions as to balance of business

           10. Section 592: Joint venture groups: financial statements

           11. Section 593: Financial statements under section 532: joint venture groups

           12. Section 594: Modifications of Chapter 3

           13. Section 595: Joint venture company liable for additional charge

           14. Section 596: Member of joint venture group liable for additional charge

           15. Section 597: Cases where no additional charge due

           16. Section 598: Chapter 10: supplementary

       12. Chapter 11: Part 12: supplementary

           1. Section 599: Calculation of profits

           2. Section 600: Power to make regulations about cases involving related persons

           3. Section 601: Availability of group reliefs

           4. Section 602: Effect of deemed disposal and reacquisition

           5. Section 603: Regulations

           6. Section 604: Property rental business: exclusion of listed business

           7. Section 605: Property rental business: exclusion of business producing listed income

           8. Section 606: Groups

           9. Section 607: Meaning of “entry” and “cessation” etc

           10. Section 608: References to assets

           11. Section 609: Definitions

   17. Part 13: Other special types of company etc

       1. Overview

       2. Chapter 1: Corporate beneficiaries under trusts

          1. Overview

          2. Section 610: Discretionary payments by trustees to companies

          3. Section 611: Income tax provisions to apply in relation to trustees’ expenses

       3. Chapter 2: Authorised investment funds

          1. Overview

          2. Section 612: Overview of Chapter

          3. Section 613: Meaning of “open-ended investment company”

          4. Section 614: Applicable corporation tax rate

          5. Section 615: Umbrella companies

          6. Section 616: Meaning of “authorised unit trust” and “unit holder”

          7. Section 617: Authorised unit trust treated as UK resident company

          8. Section 618: Applicable corporation tax rate

          9. Section 619: Umbrella schemes

          10. Section 620: Court investment funds

       4. Chapter 3: Unauthorised unit trusts

          1. Overview

          2. Section 621: Treatment of income

          3. Section 622: Treatment of capital expenditure

       5. Chapter 4: Securitisation companies

          1. Overview

          2. Section 623: Meaning of “securitisation company”

          3. Section 624: Power to make regulations about the taxation of securitisation companies

          4. Section 625: Regulations: supplementary

       6. Chapter 5: Companies in liquidation or administration

          1. Overview

          2. Section 626: Meaning of “final year”, “penultimate year” etc

          3. Section 627: Meaning of “rate of corporation tax” in case of companies with small profits

          4. Section 628: Company in liquidation: corporation tax rates

          5. Section 629: Company in liquidation: making of assessment to tax

          6. Section 630: Company in administration: corporation tax rates

          7. Section 631: Company in administration: making of assessment to tax

          8. Section 632: Meaning of rate being “fixed” or “proposed”

          9. Section 633: Exemption for interest on overpaid tax in final accounting period

       7. Chapter 6: Banks etc in compulsory liquidation

          1. Overview

          2. Section 634: Overview of Chapter

          3. Section 635: Application of Chapter

          4. Section 636: Charge to corporation tax on winding up receipts

          5. Section 637: Transfer of rights to payment

          6. Section 638: Allowable deductions

          7. Section 639: Election to carry back

          8. Section 640: Relationship of Chapter with other corporation tax provisions

          9. Section 641: Interpretation of Chapter

       8. Chapter 7: Co-operative housing associations

          1. Overview of Chapter

          2. Section 642: Disregard of rent from members and of interest payable

          3. Section 643: Exemption for gains on a sale of property

          4. Section 644: Approval of housing associations

          5. Section 645: Tests to be satisfied by the association

          6. Section 646: Delegation of powers to the Regulator of Social Housing

          7. Section 647: Claims under section 642 or 643

          8. Section 648: Adjustments of liability

          9. Section 649: Power to make further provision

       9. Chapter 8: Self-build societies

          1. Overview of Chapter

          2. Section 650: Meaning of “self-build society”

          3. Section 651: Disregard of rent from members

          4. Section 652: Exemption for gains on disposals of land to members

          5. Section 653: Approval of self-build societies

          6. Section 654: Delegation of powers to the Regulator of Social Housing

          7. Section 655: Claims under section 651 or 652

          8. Section 656: Adjustments of liability

          9. Section 657: Power to make further provision

       10. Chapter 9: Community amateur sports clubs

           1. Overview

           2. Section 658: Meaning of “community amateur sports club” and “registered club”

           3. Section 659: Meaning of “open to the whole community”

           4. Section 660: Meaning of “organised on an amateur basis”

           5. Section 661: Meaning of “eligible sport”, “qualifying purposes” etc

           6. Section 662: Exemption for UK trading income

           7. Section 663: Exemption for UK property income

           8. Section 664: Exemption for interest and gift aid income

           9. Section 665: Exemption for chargeable gains

           10. Section 666: Exemptions reduced if non-qualifying expenditure incurred

           11. Section 667: Rules for attributing surplus amount to earlier periods etc

           12. Section 668: How income and gains are attributed

           13. Section 669: Asset ceasing to be held for qualifying purposes etc

           14. Section 670: Notification of HMRC decision

           15. Section 671: Appeals

   18. Part 14: Change in company ownership

       1. Overview

       2. Chapter 1: Introduction

          1. Section 672: Overview of Part

       3. Chapter 2: Disallowance of trading losses

          1. Overview

          2. Section 673: Introduction to Chapter

          3. Section 674: Disallowance of trading losses

          4. Section 675: Disallowance of trading losses: calculation of balancing charges

          5. Section 676: Disallowance of trading losses where company reconstruction without change in ownership

       4. Chapter 3: Company with investment business: restrictions on relief: general provision

          1. Overview

          2. Section 677: Introduction to Chapter

          3. Section 678: Notional split of accounting period in which change in ownership occurs

          4. Section 679: Restriction on debits to be brought into account

          5. Section 680: Restriction on the carry forward of non-trading deficit from loan relationships

          6. Section 681: Restriction on relief for non-trading loss on intangible fixed assets

          7. Section 682: Restriction on the deduction of expenses of management

          8. Section 683: Disallowance of UK property business losses

          9. Section 684: Disallowance of overseas property business losses

          10. Section 685: Apportionment of amounts

          11. Section 686: Meaning of certain expressions in section 685

          12. Section 687: Adjustment to balancing charges if relief is restricted

          13. Section 688: Meaning of “significant increase in the amount of a company’s capital”

          14. Sections 689 and 690: Amount A; amount B

          15. Section 691: Meaning of “amount of capital”

       5. Chapter 4: Company with investment business: restrictions on relief: asset transferred within group

          1. Overview

          2. Section 692: Introduction to Chapter

          3. Section 693: Meaning of “amount of profits which represents a relevant gain”

          4. Section 694: Meaning of “the relevant provisions”

          5. Section 695: Notional split of accounting period in which change in ownership occurs

          6. Section 696: Restriction on debits to be brought into account

          7. Section 697: Restriction on the carry forward of non-trading deficit from loan relationships

          8. Section 698: Restriction on relief for non-trading loss on intangible fixed assets

          9. Section 699: Restrictions on the deduction of expenses of management

          10. Section 700: Disallowance of UK property business losses

          11. Section 701: Disallowance of overseas property business losses

          12. Section 702: Apportionment of amounts

          13. Section 703: Meaning of certain expressions in section 702

       6. Chapter 5: Company without investment business: disallowance of property losses

          1. Overview

          2. Section 704: Company carrying on UK property business

          3. Section 705: Company carrying on overseas property business

       7. Chapter 6: Recovery of unpaid corporation tax

          1. Overview

          2. Section 706: Meaning of “linked” person

          3. Section 707: Meaning of “control”

          4. Section 708: Rights to be attributed for the purposes of section 707

          5. Section 709: Meaning of “the relevant period”

          6. Section 710: Recovery of unpaid corporation tax for accounting period beginning before change

          7. Section 711: Conditions relating to company’s trade or business

          8. Section 712: Meaning of “a major change in the nature or conduct of a trade or business”

          9. Section 713: Recovery of unpaid corporation tax for accounting period ending on or after change

          10. Section 714: The expectation condition

          11. Section 715: Meaning of “transaction entered into in connection with change in ownership”

          12. Section 716: Interest

          13. Section 717: Effect of payment in pursuance of assessment under section 710 or713

          14. Section 718: Meaning of “associated company”

       8. Chapter 7: Meaning of “change in the ownership of a company”

          1. Overview

          2. Section 719: Meaning of “change in the ownership of a company”

          3. Section 720: Section 719: supplementary

          4. Section 721: When things other than ordinary share capital may be taken into account: Chapters 2 to 5

          5. Section 722: When things other than ordinary share capital may be taken into account: Chapter 6

          6. Section 723: Changes in indirect ownership

          7. Section 724: Disregard of change in company ownership

          8. Section 725: Provision applying for the purposes of Chapters 2 to 5

          9. Section 726: Interpretation of Chapter

       9. Chapter 8: Supplementary provision

          1. Sections 727 to 730: Extended time limit for assessment; provision of information about ownership of shares etc; meaning of “company with investment business”; meaning of “relevant non-trading debit”

   19. Part 15: Transactions in securities

       1. Overview

       2. Sections 731 to 734: Overview of Part; meaning of “corporation tax advantage”; company liable to counteraction of corporation tax advantages; exception where no tax avoidance object shown

       3. Section 735: Abnormal dividends used for exemptions or reliefs (circumstance A)

       4. Sections 736 to 738: Receipt of consideration representing company’s assets, future receipts or trading stock (circumstance C); receipt of consideration in connection with relevant company distribution (circumstance D); receipt of assets of relevant company (circumstance E)

       5. Section 739: Meaning of “relevant company” in sections 737 and 738

       6. Section 740: Abnormal dividends: general

       7. Sections 741 and 742: Abnormal dividends: the excessive return condition and the excessive accrual condition

       8. Sections 743 to 746: Preliminary notification that section 733 may apply, opposed notifications and counteraction notices

       9. Sections 747 to 751: Timing of assessments in section 738 cases; application for clearance of transactions; effect of clearance notification under section 748; appeals against counteraction notices; interpretation of Part

   20. Part 16: Factoring of income etc

       1. Overview

       2. Chapter 1: Transfers of income streams

          1. Overview

          2. Sections 752 to 757: Application of Chapter; value of transferred income treated as income; exception: amount otherwise taxed; exception: transfer by way of security; partnership shares; interpretation

       3. Chapter 2: Finance arrangements

          1. Overview

          2. Section 758: Type 1 finance arrangement defined

          3. Section 759: Certain tax consequences not to have effect

          4. Section 760: Payments treated as borrower’s income

          5. Section 761: Deemed loan relationship if borrower is a company

          6. Section 762: Deemed loan relationship if borrower is partnership with corporate member

          7. Section 763: Type 2 finance arrangement defined

          8. Section 764: Relevant change in relation to partnership

          9. Section 765: Certain tax consequences not to have effect

          10. Section 766: Deemed loan relationship

          11. Section 767: Type 3 finance arrangement defined

          12. Section 768: Certain tax consequences not to have effect

          13. Section 769: Deemed loan relationship

          14. Section 770: Exceptions: preliminary

          15. Section 771: Exceptions

          16. Section 772: Exceptions: relevant person

          17. Section 773: Power to make further exceptions

          18. Sections 774 to 776: Accounts; arrangements; assets

       4. Chapter 3: Loan or credit transactions

          1. Overview

          2. Section 777: Loan or credit transaction defined

          3. Section 778: Certain payments treated as interest

          4. Section 779: Tax charged on income transferred

   21. Part 17: Manufactured payments and repos

       1. Overview

       2. Chapter 1: Introduction

          1. Section 780: Overview of Part

          2. Section 781: Key definitions

       3. Chapter 2: Manufactured dividends

          1. Overview

          2. Section 782: Meaning of “manufactured dividend”

          3. Section 783: Treatment of payer of manufactured dividend

          4. Section 784: Treatment of recipient of manufactured dividends

          5. Section 785: Treatment of payer: Real Estate Investment Trusts

          6. Section 786: Treatment of recipient: Real Estate Investment Trusts

          7. Section 787: Exemption of manufactured dividends

          8. Section 788: Statements about manufactured dividends

          9. Section 789: Powers about administrative provisions

       4. Chapter 3: Manufactured overseas dividends

          1. Section 790: Meaning of “manufactured overseas dividend”

          2. Section 791: Treatment of payer of manufactured overseas dividend

          3. Section 792: Company receiving manufactured overseas dividend from UK resident etc

          4. Section 793: Section 792: amount treated as withheld

          5. Section 794: Company receiving manufactured overseas dividend from foreign payer

          6. Section 795: Exemption of manufactured overseas dividends

       5. Chapter 4: Further provision about manufactured payments

          1. Overview

          2. Sections 796 and 797: Manufactured dividends and manufactured overseas dividends: amounts exceeding underlying payments

          3. Section 798: Manufactured overseas dividends less than underlying payments

          4. Section 799: Manufactured payments under arrangements with unallowable purpose

          5. Section 800: Arrangements with an unallowable purpose

          6. Section 801: Sections 799 and 800: supplementary

          7. Section 802: Powers about amounts representative of overseas dividends

          8. Section 803: Power to deal with special cases

          9. Section 804: Regulation-making powers: general

       6. Chapter 5: Stock lending arrangements and repos

          1. Overview

          2. Sections 805 to 807: “Stock lending arrangement”; section 805: supplementary; “creditor repo”, “creditor quasi-repo”, “debtor repo” and “debtor quasi-repo”

          3. Section 808: No tax credits for borrower under stock lending arrangement

          4. Section 809: No tax credits for lender under creditor repo or creditor quasi-repo

          5. Section 810: No tax credits for borrower under debtor repo or debtor quasi-repo

          6. Section 811: Arrangements between companies to make distributions

          7. Section 812: Deemed manufactured payments: stock lending arrangements

       7. Chapter 6: Interpretation of Part

          1. Sections 813 and 814: The gross amount of a manufactured overseas dividend etc; other interpretation

   22. Part 18: Transactions in land

       1. Overview

       2. Sections 815 and 816: Introduction to Part; meaning of disposing of land

       3. Section 817: Priority of other tax provisions

       4. Section 818: Charge to tax on gains from transactions in land

       5. Sections 819 and 820: Gains obtained from land disposals in some circumstances; person obtaining gain

       6. Section 821: Company chargeable

       7. Sections 822 to 826: Method of calculating gain; transactions, arrangements, sales and realisations relevant for Part; tracing value; meaning of “another person”; valuations and apportionments

       8. Section 827 and 828: Gain attributable to period before intention to develop formed and disposals of shares in companies holding land as trading stock

       9. Sections 829 and 830: Cases where consideration receivable by person not assessed; certificates of tax paid etc

       10. Section 831: Clearance procedure

       11. Section 832: Power to obtain information

       12. Section 833: Interpretation of Part

   23. Part 19: Sale and lease-back etc

       1. Overview

       2. Chapter 1: Payments connected with transferred land

          1. Overview

          2. Section 834: Overview

          3. Section 835: Transferor or associate becomes liable for payment of rent

          4. Section 836: Transferor or associate becomes liable for payment other than rent

          5. Section 837: Relevant corporation tax relief

          6. Section 838: Relevant corporation tax relief: deduction not to exceed commercial rent

          7. Section 839: Deduction under section 76 of ICTA not to exceed commercial rent

          8. Section 840: Carrying forward parts of payments

          9. Section 841: Aggregation and apportionment of payments

          10. Section 842: Payments made for later periods

          11. Section 843: Exclusion of service charges etc

          12. Section 844: Commercial rent: comparison with rent under a lease

          13. Section 845: Commercial rent: comparison with payments other than rent

          14. Section 846: Lease and rent

          15. Section 847: Associated persons

          16. Section 848: Land outside the UK

       3. Chapter 2: New lease of land after assignment or surrender

          1. Overview

          2. Section 849: Overview

          3. Section 850: New lease after assignment or surrender

          4. Section 851: Taxation of consideration

          5. Section 852: Position where new lease does not include all original property

          6. Section 853: Relief for rent under new lease

          7. Section 854: New lease treated as ending

          8. Section 855: Position where rent reduces

          9. Section 856: Position where lease may be ended

          10. Section 857: Position where lease may be varied

          11. Section 858: Lease treated as ending: rentcharge

          12. Section 859: Lease varied to provide for increased rent

          13. Section 860: Relevant corporation tax relief

          14. Section 861: Linked persons

          15. Section 862: Lease, lessee, lessor and rent

       4. Chapter 3: Leased trading assets

          1. Overview

          2. Section 863: Overview of Chapter

          3. Section 864: Leased trading assets

          4. Section 865: Tax deduction not to exceed commercial rent

          5. Section 866: Long funding finance leases

          6. Sections 867 and 868: Commercial rent; lease

          7. Section 869: Relevant asset

       5. Chapter 4: Leased assets: capital sums

          1. Overview

          2. Section 870: Overview

          3. Section 871: Application of the Chapter

          4. Section 872: Payment under lease

          5. Section 873: Sum obtained

          6. Section 874: Charge to corporation tax

          7. Section 875: Hire-purchase agreements

          8. Section 876: Adjustments where sum obtained before payment made

          9. Section 877: Sum obtained in respect of interest

          10. Section 878: Sum obtained in respect of lessee’s interest

          11. Section 879: Disposal of interest to associate

          12. Section 880: Apportionment of payments made and of sums obtained

          13. Section 881: Manner of apportionment

          14. Section 882: Associates

          15. Section 883: Capital sum

          16. Section 884: Lease

          17. Section 885: Relevant asset

          18. Section 886: Relevant tax relief

   24. Part 20: Tax avoidance involving leasing plant or machinery

       1. Overview

       2. Chapter 1: Restrictions on use of losses in leasing partnerships

          1. Overview

          2. Section 887: When restrictions on leasing partnership losses under this Chapter apply

          3. Section 888: Restrictions on leasing partnership losses

          4. Section 889: Interpretation of Chapter

       3. Chapter 2: Capital payments in respect of leases treated as income

          1. Overview

          2. Section 890: Capital payments in respect of leases treated as income

          3. Section 891: Apportionments for leases of plant or machinery and other property

          4. Section 892: Deduction where failure to make relevant capital payment expected

          5. Section 893: Meaning in Chapter of “Capital payment”, “relevant capital payment” etc

          6. Section 894: Other interpretation of Chapter

   25. Part 21: Leasing arrangements: finance leases and loans

       1. Overview

       2. Chapter 1: Introduction

          1. Overview

          2. Section 895: Overview of Part

          3. Section 896: Normal rent

          4. Section 897: Accountancy rental earnings

          5. Section 898: Rental earnings

       3. Chapter 2: Finance leases with return in capital form

          1. Overview

          2. Section 899: Arrangements to which this Chapter applies

          3. Section 900: Purposes of this Chapter

          4. Section 901: Application of this Chapter

          5. Section 902: The conditions referred to in section 901(1)

          6. Section 903: Provisions supplementing section 902

          7. Section 904: The arrangements and circumstances referred to in section 902(8)

          8. Section 905: Current lessor taxed by reference to accountancy rental earnings

          9. Sections 906 to 910: Reduction of taxable rent by cumulative rental excesses

             1. Overview

          10. Section 906: Reduction of taxable rent by cumulative rental excesses: introduction

          11. Section 907: Meaning of “accountancy rental excess” and “cumulative accountancy rental excess”

          12. Section 908: Reduction of taxable rent by the cumulative accountancy rental excess

          13. Section 909: Meaning of “normal rental excess” and “cumulative normal rental excess”

          14. Section 910: Reduction of taxable rent by the cumulative normal rental excess

          15. Sections 911 to 914: Relief for bad debts by reduction of cumulative rental excesses

              1. Overview

          16. Section 911: Relief for bad debts: reduction of cumulative accountancy rental excess

          17. Section 912: Recovery of bad debts following reduction under section 911

          18. Section 913: Relief for bad debts: reduction of cumulative normal rental excess

          19. Section 914: Recovery of bad debts following reduction under section 913

          20. Section 915: Effect of disposals of leases: general

          21. Section 916: Assignments on which neither a gain nor a loss accrues

          22. Sections 917 to 922: Capital allowances: clawback of major lump sums

              1. Overview

          23. Section 917: Effect of capital allowances: introduction

          24. Section 918: Cases where expenditure taken into account under Part 2, 5 or 8 of CAA 2001

          25. Section 919: Cases where expenditure taken into account under other provisions of CAA 2001

          26. Section 920: Capital allowances deductions: waste disposal and cemeteries

          27. Section 921: Capital allowances deductions: films

          28. Section 922: Contributors to capital expenditure

          29. Section 923: Pre-26 November 1996 schemes where this Chapter does not at first apply

          30. Section 924: Post-25 November 1996 schemes to which Chapter 3 applied first

       4. Chapter 3: Other finance leases

          1. Overview

          2. Section 925: Introduction to Chapter

          3. Section 926: Purpose of this Chapter

          4. Section 927: Leases to which this Chapter applies

          5. Section 928: Current lessor taxed by reference to accountancy rental earnings

          6. Section 929: Application of provisions of Chapter 2 for purposes of this Chapter

       5. Chapter 4: Supplementary provisions

          1. Overview

          2. Section 930: Pre-26 November 1996 schemes and post-25 November 1996 schemes

          3. Section 931: Time apportionment where periods of account do not coincide

          4. Section 932: Periods of account and related periods of account and accounting periods

          5. Section 933: Connected persons

          6. Section 934: Assets which represent the leased asset

          7. Section 935: Parent undertakings and consolidated group accounts

          8. Section 936: Assessments and adjustments

          9. Section 937: Interpretation of Part

   26. Part 22: Miscellaneous provisions

       1. Overview

       2. Chapter 1: Transfers of trade without a change of ownership

          1. Overview

          2. Section 938: Overview of Chapter

          3. Section 939: Meaning of “transfer of a trade” and related expressions

          4. Section 940: Transfers to which Chapter applies

          5. Section 941: The ownership condition

          6. Section 942: Options that may be applied for the purposes of the ownership condition

          7. Section 943: The tax condition

          8. Section 944: Modified application of Chapter 2 of Part 4

          9. Section 945: Cases in which predecessor retains more liabilities than assets

          10. Section 946: Rules for determining “L”

          11. Section 947: Rules for determining “A”

          12. Section 948: Modified application of CAA 2001

          13. Section 949: Dual resident investing companies

          14. Section 950: Transfers of trades involving business of leasing plant or machinery

          15. Section 951: Part of trade treated as separate trade

          16. Section 952: Apportionment if part of trade treated as separate trade

          17. Section 953: Application of Chapter to further transfers of a trade

       3. Chapter 2: Transfers of trade to obtain balancing allowances

          1. Overview

          2. Section 954: Transfer of activities on complete cessation of trade

          3. Section 955: Transfer of activities on part cessation of trade

          4. Section 956: Apportionment if part of trade treated as separate trade

          5. Section 957: Supplementary and interpretative provisions

       4. Chapter 3: Transfer of relief within partnerships

          1. Overview

          2. Section 958: Application

          3. Section 959: Arrangements for transfer of relief

          4. Section 960: Restrictions on use of reliefs

          5. Section 961: Non-trading profits and losses

          6. Section 962: Interpretation of Chapter

       5. Chapter 4: Surrender of tax refund within group

          1. Overview

          2. Section 963: Power to surrender tax refund

          3. Section 964: Effects of surrender of tax refund

          4. Section 965: Interest on tax overpaid or underpaid

          5. Section 966: Payments for surrendered tax refunds

       6. Chapter 5: Set off of income tax deductions against corporation tax

          1. Section 967: Deductions from payments received by UK resident companies

          2. Section 968: Deductions from payments received by non-UK resident companies

       7. Chapter 6: Collection etc of tax from UK representatives of non–UK resident companies

          1. Overview

          2. Section 969: Introduction to Chapter

          3. Section 970: Obligations and liabilities in relation to corporation tax

          4. Section 971: Exceptions

          5. Section 972: Interpretation of Chapter

       8. Chapter 7: Recovery of unpaid corporation tax due from non–UK resident company

          1. Overview

          2. Section 973: Introduction to Chapter

          3. Section 974: Case in which this Chapter applies

          4. Sections 975 and 976: Meaning of “the relevant period”; meaning of “related company”

          5. Section 977: Notice requiring payment of unpaid tax

          6. Section 978: Time limit for giving notice

          7. Section 979: Amount payable in consortium case

          8. Section 980: Chapter 7: supplementary

       9. Chapter 8: Exemptions

          1. Overview

          2. Section 981: Exemption for trade unions and eligible employers’ associations

          3. Section 982: Qualifying income or gains

          4. Section 983: Meaning of “trade union” and “eligible employers’ association”

          5. Section 984: Local authorities and local authority associations

          6. Section 985: Health service bodies

          7. Section 986: Meaning of “health service body”

          8. Section 987: NHS foundation trusts

          9. Section 988: Issue departments of the Reserve Bank of India and the State Bank of Pakistan

          10. Section 989: Agricultural societies

       10. Chapter 9: Other miscellaneous provisions

           1. Overview

           2. Section 990: European Economic Interest Groupings

           3. Section 991: Harbour reorganisation schemes: corporation tax

           4. Section 992: Harbour reorganisation schemes: capital allowances etc

           5. Section 993: Harbour reorganisation schemes: chargeable gains

           6. Section 994: Transfer of part of trade

           7. Section 995: Interpretation of sections 991 to 994

           8. Section 996: Use of different accounting practices within a group of companies

   27. Part 23: Company distributions

       1. Overview

       2. Chapter 1: Introduction

          1. Section 997: Overview of Part

       3. Chapter 2: Matters which are distributions

          1. Section 998: Overview of Chapter

          2. Section 999: Priority of negative rules

          3. Section 1000: Meaning of “distribution”

          4. Section 1001: Provisions related to paragraphs A to H in section 1000(1)

          5. Section 1002: Exceptions for certain transfers of assets or liabilities between a company and its members

          6. Section 1003: Redeemable share capital

          7. Section 1004: Securities issued otherwise than for new consideration

          8. Section 1005: Meaning of “non-commercial securities”

          9. Section 1006: Distributions exceeding consideration received for issue of security

          10. Section 1007: Securities issued at premium representing new consideration

          11. Section 1008: Consideration for issue of security exceeding amount of principal

          12. Section 1009: Securities reflecting dividends on certain shares etc: exclusion of section 1008

          13. Section 1010: Meaning of “qualifying index” in section 1009

          14. Section 1011: Meaning of “associated company” in section 1009

          15. Section 1012: Hedging arrangements

          16. Section 1013: Exception to section 1012

          17. Section 1014: Meaning of “hedging arrangements”

          18. Section 1015: Meaning of “special securities”

          19. Section 1016: Meaning of “equity note” in section 1015

          20. Section 1017: Section 1015: other interpretation

          21. Section 1018: The principal secured: special securities

          22. Section 1019: Relevant alternative finance return

          23. Section 1020: Transfers of assets or liabilities treated as distributions

          24. Section 1021: Section 1020 exceptions

          25. Section 1022: Bonus issue following repayment of share capital treated as distribution

          26. Section 1023: Exceptions to section 1022

          27. Section 1024: Premiums paid on redemption of share capital

          28. Section 1025: Share capital issued at a premium representing new consideration

          29. Section 1026: Distributions following a bonus issue

          30. Section 1027: Cap on amount of distributions affected by section 1026

          31. Section 1028: Certain payments connected with exempt distributions

       4. Chapter 3: Matters which are not distributions

          1. Section 1029: Overview of Chapter

          2. Section 1030: Distribution in respect of share capital in a winding up

          3. Section 1031: Distribution as part of a cross-border merger

          4. Section 1032: Interest etc paid in respect of certain securities

          5. Section 1033: Purchase by unquoted trading company of own shares

          6. Section 1034: Requirements as to residence

          7. Section 1035: Requirement as to period of ownership

          8. Section 1036: Determining the period of ownership

          9. Section 1037: Requirement as to reduction of seller’s interest as shareholder

          10. Section 1038: Section 1037: effect of entitlement to profits

          11. Section 1039: Requirements where purchasing company is a member of a group

          12. Section 1040: Determining whether interests as shareholders in a group are substantially reduced

          13. Section 1041: Section 1040: effect of entitlement to profits

          14. Section 1042: Other requirements

          15. Section 1043: Relaxation of requirements in certain cases

          16. Section 1044: Advance clearance of payments by Commissioners

          17. Section 1045: Advance clearance: supplementary

          18. Section 1046: Information and returns

          19. Section 1047: Meaning of “group” and “51% subsidiary” in sections 1033 to 1047

          20. Section 1048: Sections 1033 to 1047: other interpretation

          21. Section 1049: Stock dividends

          22. Section 1050: Application of section 1049 where bonus share capital is converted etc

          23. Section 1051: “Bonus share capital” and “in lieu of a cash dividend”

          24. Section 1052: Share capital to which section 1049 applies: returns

          25. Section 1053: Return periods

          26. Section 1054: Building society payments

          27. Section 1055: Industrial and provident societies: interest and share dividends

          28. Section 1056: Dividend or bonus relating to transactions

          29. Section 1057: UK agricultural or fishing co-operatives: interest and share dividends

          30. Section 1058: Meaning of “UK agricultural or fishing co-operative”

          31. Section 1059: Associated persons

          32. Section 1060: Associated persons: trustees

          33. Section 1061: Associated persons: personal representatives

          34. Section 1062: Connected persons

          35. Section 1063: Section 1062: supplementary

       5. Chapter 4: Special rules for distributions made by certain companies

          1. Section 1064: Certain expenses of close companies treated as distributions

          2. Section 1065: Exception for benefits treated as employment income etc

          3. Section 1066: Exception for certain transfers between UK resident companies

          4. Section 1067: Companies acting in concert or under arrangements

          5. Section 1068: Meaning of “participator” in sections 1064 to 1067

          6. Section 1069: Additional persons treated as participators

          7. Section 1070: Companies carrying on a mutual business

          8. Section 1071: Companies not carrying on a business

          9. Section 1072: Members of a 90% group

       6. Chapter 5: Demergers

          1. Overview

          2. Section 1073: Key terms etc

          3. Section 1074: Purpose of provisions about demergers

          4. Section 1075: Exempt distributions

          5. Section 1076: Transfer of shares in subsidiaries to members

          6. Section 1077: Transfer by distributing company and issue of shares by transferee company

          7. Section 1078: Division of business in a cross-border transfer

          8. Section 1079: “The distributing company”

          9. Section 1080: Meaning of “relevant company”

          10. Section 1081: General conditions

          11. Section 1082: Conditions for distributions within section 1076(a)

          12. Section 1083: Conditions for distributions within section 1077

          13. Section 1084: Cases where condition K does not apply

          14. Section 1085: Conditions to be met if the distributing company is a 75% subsidiary

          15. Section 1086: Chargeable payments connected with exempt distributions

          16. Section 1087: Chargeable payments not deductible in calculating profits

          17. Section 1088: Meaning of “chargeable payment”

          18. Section 1089: Meaning of “chargeable payment”: unquoted companies

          19. Section 1090: Meaning of “company concerned in an exempt distribution”

          20. Section 1091: Advance clearance of distributions

          21. Section 1092: Advance clearance of payments

          22. Section 1093: Requirements relating to applications for clearance

          23. Section 1094: Decision of the Commissioners or tribunal

          24. Section 1095: Exempt distributions: returns

          25. Section 1096: Chargeable payments etc: returns

          26. Section 1097: Information about person for whom a payment is received

          27. Section 1098: “Unquoted company”

          28. Section 1099: Other definitions etc

       7. Chapter 6: Information and returns: further provisions

          1. Overview

          2. Section 1100: Qualifying distributions: right to request a statement

          3. Section 1101: Non-qualifying distributions etc: returns and information

          4. Section 1102: Non-qualifying distributions etc: additional information

          5. Section 1103: Power to modify or replace sections 1101 and 1102

          6. Section 1104: Company distributing dividend or interest: duty to provide tax certificates

          7. Section 1105: Duties of nominees

          8. Section 1106: Meaning of “tax certificate” etc

          9. Section 1107: Penalties

          10. Section 1108: Alternative means of compliance with sections 1104 and 1105

       8. Chapter 7: Tax credits

          1. Section 1109: Tax credits for certain recipients of exempt qualifying distributions

          2. Section 1110: Recovery of overpaid tax credit etc

          3. Section 1111: Section 1110: supplementary

       9. Chapter 8: Interpretation of Part

          1. Section 1112: Arrangements between companies

          2. Section 1113: “In respect of shares”

          3. Section 1114: “In respect of securities”

          4. Section 1115: “New consideration”

          5. Section 1116: References to married persons, or civil partners, living together

          6. Section 1117: Other interpretation

   28. Part 24: Corporation Tax Acts definitions etc

       1. Overview

       2. Chapter 1: Definitions

          1. Section 1118: Introduction to Chapter

          2. Section 1119: The definitions

          3. Section 1120: “Bank”

          4. Section 1121: “Company”

          5. Section 1122: “Connected” persons

          6. Section 1123: “Connected” persons: supplementary

          7. Section 1124: “Control”

          8. Section 1125: “Farming” and related expressions

          9. Section 1126: “Franked investment income”

          10. Section 1127: “Generally accepted accounting practice” and related expressions

          11. Section 1128: “Grossing up”

          12. Section 1129: “Hire-purchase agreement”

          13. Section 1130: “Local authority”

          14. Section 1131: “Local authority association”

          15. Section 1132: “Offshore installation”

          16. Section 1133: Regulations about the meaning of “offshore installation”

          17. Section 1134: “Oil and gas exploration and appraisal”

          18. Section 1135: “Property investment LLP”

          19. Section 1136: “Qualifying distribution”

          20. Section 1137: “Recognised stock exchange”

          21. Section 1138: “Research and development”

          22. Section 1139: “Tax advantage”

          23. Section 1140: “Unauthorised unit trust”

       3. Chapter 2: Permanent establishments

          1. Overview

          2. Section 1141: Permanent establishments of companies

          3. Section 1142: Agent of independent status

          4. Section 1143: Preparatory or auxiliary activities

          5. Section 1144: Alternative finance arrangements

          6. Section 1145: The independent broker conditions

          7. Section 1146: The independent investment manager conditions

          8. Section 1147: Investment managers: the 20% rule

          9. Section 1148: Section 1147: interpretation

          10. Section 1149: Application of 20% rule to collective investment schemes

          11. Section 1150: Meaning of “investment manager” and “investment transaction”

          12. Section 1151: Lloyd’s agents

          13. Section 1152: Investment managers: disregard of certain chargeable profits

          14. Section 1153: Miscellaneous

       4. Chapter 3: Subsidiaries

          1. Overview

          2. Section 1154: Meaning of “51% subsidiary”, “75% subsidiary” and “90% subsidiary”

          3. Section 1155: Indirect ownership of ordinary share capital

          4. Section 1156: Calculation of amounts owned indirectly: main rules

          5. Section 1157: Adding fractions together

       5. Chapter 4: Investment trusts

          1. Overview

          2. Section 1158: Meaning of “investment trust”

          3. Section 1159: Conditions for approval

          4. Section 1160: Calculation of income

          5. Section 1161: The income retention condition: exceptions

          6. Section 1162: The 15% holding limit: exceptions

          7. Section 1163: Basic meaning of “holding in a company”

          8. Section 1164: More about the meaning of “holding in a company”

          9. Section 1165: Other interpretation

       6. Chapter 5: Other Corporation Tax Acts provisions

          1. Section 1166: Scotland

          2. Section 1167: Sources of income within the charge to corporation tax or income tax

          3. Section 1168: Payment of dividends

          4. Section 1169: Settlements and trustees

          5. Section 1170: Territorial sea of the United Kingdom

          6. Section 1171: Orders and regulations

          7. Section 1172: Apportionment to different periods

          8. Section 1173: Miscellaneous charges

   29. Part 25: Definitions for purposes of Act and final provisions

       1. Overview

       2. Section 1174: Abbreviated references to Acts

       3. Section 1175: Claims and elections

       4. Section 1176: Meaning of “connected” persons and “control”

       5. Section 1177: Minor and consequential amendments

       6. Section 1178: Power to make consequential provision

       7. Section 1179: Power to undo changes

       8. Section 1180: Transitional provisions and savings

       9. Section 1181: Repeals and revocations

       10. Section 1182: Index of defined expressions

       11. Section 1183: Extent

       12. Section 1184: Commencement

       13. Section 1185: Short title

   30. Schedule 1: Minor and consequential amendments

       1. Overview

       2. Part 1: Income and Corporation Taxes Act 1988

          1. Section 342: Tax on company in liquidation

          2. Section 343: Company reconstructions without a change of ownership

          3. Section 505: Charitable companies: general

          4. Section 511: The Electricity Council and Boards, the Northern Ireland Electricity Service and the Gas Council

          5. Section 513: British Airways Board and National Freight Corporation

          6. Section 767B: Change of company ownership: supplementary

          7. Section 768A: Change in ownership: disallowance of carry back of trading losses

          8. Section 768B: Change in ownership of company with investment business: deductions generally

          9. Section 774: Transactions between dealing company and associated company

          10. Section 776: Transactions in land: taxation of capital gains

          11. Section 777: Provisions supplementary to section 776

          12. Schedule 23A: Manufactured dividends and interest

          13. Schedule 28A: Change in ownership of company with investment business: deductions

       3. Part 2: Other enactments

          1. Inheritance Tax Act 1984

             1. Section 23: Gifts to charities

          2. Finance Act 1989

             1. Section 102: Surrender of company tax refund etc within group

             2. Schedule 12: Close companies: consequential provisions

          3. Taxation of Chargeable Gains Act 1992

             1. Section 190: Tax recoverable from another group company or controlling director

             2. Section 217D: Industrial and provident societies and co-operatives

             3. Sections 256, 256A, 256B, 256C, 256D: Charities and gifts of non-business assets etc

             4. Section 257: Gifts to charities etc

          4. Charities Act 1993

             1. Section 10: Disclosure of information to Commission

             2. Section 25A: Meaning of “Scottish recognised body” and “Northern Ireland charity”

          5. Finance Act 2000

             1. Schedule 15: The corporate venturing scheme

                1. Paragraph 21A

                2. Paragraph 46(2)

          6. Capital Allowances Act 2001

             1. Section 63: Cases in which disposal value is nil

             2. Section 99: The monetary limit

             3. Section 253: Companies with investment business

             4. Schedule A1: First-year tax credits

          7. Finance Act 2002

             1. Schedules 34 and 35: Stamp duty: withdrawal of group relief and withdrawal of relief for company acquisitions: supplementary provisions

          8. Income Tax (Earnings and Pensions) Act 2003

             1. Section 68: Meaning of “material interest” in a company

             2. Schedule 2: Approved share incentive plans

             3. Schedule 5: Enterprise management incentives

          9. Companies (Audit, Investigations and Community Enterprise) Act 2004

             1. Section 54: Becoming a charity or a Scottish charity: requirements

          10. Income Tax (Trading and Other Income) Act 2005

              1. Section 148D: Lessor under long funding operating lease: periodic deduction

              2. Section 148E: long funding operating lease: lessor’s additional expenditure

              3. Section 148F: Lessor under long funding operating lease: termination of lease

              4. Chapter 3 of Part 4: Dividends etc. from UK resident companies and tax credits etc. in respect of certain distributions

              5. Section 415: Charge to tax under Chapter 6

          11. Finance Act 2005

              1. Section 84: Taxation of securitisation companies

          12. Income Tax Act 2007

              1. Section 151: Losses on disposal of shares: interpretation of Chapter

              2. Sections 346, 348(7), 356, 361, 363, 365, 368, 369 and 373: Community investment tax relief

              3. Sections 340 and 341: Application and criteria for accreditation and terms and conditions of accreditation

              4. Section 355: Securities or shares: no claim after disposal or excessive receipts of value

              5. Section 364: Value received by investor during 6 year period: securities or shares

              6. Chapter 6 of Part 13: Avoidance involving leases of plant and machinery

              7. Section 991: Meaning of “bank”

              8. Section 999: Meaning of “local authority”

              9. Section 1000: Meaning of “local authority association”

              10. Schedule 2 Part 6: Transitionals and savings: losses on disposal of shares

          13. Finance Act 2008

              1. Schedule 19: Reduction of basic rate of income tax: transitional relief for gift aid charities

          14. Charities Act (Northern Ireland) 2008

              1. Section 45: Meaning of “Scottish recognised body” and “England and Wales charity” in sections 43 and 44

          15. Company Tax Act 2009

              1. Section 221A: Sums to which sections 217 to 221 do not apply

              2. Section 520: Provision not at arm’s length: non-deductibility of relevant return

              3. Section 1219: Expenses of management of a company’s investment business

              4. Schedule 2: Transitionals and savings etc

                 1. Part 1: General provisions

                 2. Part 3: Currency

                 3. Part 5: Losses on disposal of shares

                    1. Disposals of new shares

                    2. Relief after an exchange of shares for shares in another company

                    3. Interpretation of Chapter

                    4. Application in relation to corresponding bonus shares

                 4. Part 11: Close companies

                 5. Part 12: Charitable companies etc

                    1. Transactions in deposits

                    2. Exemption for investment income and exemption for certain miscellaneous income

                    3. Transactions with substantial donors and non-charitable expenditure

                 6. Part 14: Co-operative housing associations and self-build societies

                    1. Concurrent exercise of functions

                    2. Delegation of functions to the Regulator of Social Housing

                 7. Part 15: Transactions in securities

                    1. Transactions in securities: general

                 8. Part 16: Factoring of income etc

                    1. Application of section 771 (finance arrangements: exceptions)

                    2. Application of section 779 (income-transfer under loan or credit transaction)

                 9. Part 17: Manufactured payments and repos

                    1. Manufactured dividends and manufactured overseas dividends: distributions paid before 1 July 2009

                    2. Manufactured overseas dividends: overseas dividends paid before 22 April 2009

                 10. Part 21: Transfers of trade without a change in ownership

                 11. Part 22: Use of different accounting practices within a group

                 12. Part 23: Company distributions

                     1. Exempt distributions

              5. Schedule 3: Repeals and revocations

              6. Schedule 4: Index of defined expressions

2. Commencement

3. Hansard References