Abbreviations and defined expressions

Abolition of allowances

Accounting period

Agreements for income tax purposes

Agricultural buildings allowances

Agricultural buildings and structures

Agricultural land and buildings

Annual investment allowance

Amount of

Anti-avoidance provisions

Claiming

Companies

Exclusions

First-year allowances, interaction with

Generally

Groups of companies

Loss relief restriction

Losses attributable to

Maximum amount of

Qualifying activity permanently discontinued

Restrictions on annual investment allowance (AIA)

Scope of

Transitional measures

Writing-down allowances, interaction with

Apportionment

Consideration

Procedure

Where property sold together

Apportionments

Assets transferred between different property businesses

Assured tenancy allowances

Generally

Basis periods

British Waterways Board transfer of property/rights and liabilities to Canal &River Trust and Canal &River Trading

Building societies

Business premises renovation

Business premises renovation allowances

Capital expenditure

Generally

Meaning

Timing of expenditure

When incurred

Capital gains tax

Assets held on 31 March 1982

Assets held on 6 April 1965

Base cost

Capital allowances, meaning

Computation of gain or loss

Groups of companies

Indexation allowance

Interaction with

Loss restriction

Nature of allowable losses

Re-basing

Renewals allowances, meaning

Wasting assets

Capital sums, meaning

Car leasing company, deductibility of payments pursuant to finance leases

Caravans not qualified as plant for capital allowances purposes

Caravans occupied in performance of employment duties

Care business

Care providers

Cars

Cash basis

Categories of expenditure/asset

Cessation of business

Change of ownership, allowancs transfer

Condition A: principal company, meaning

Limiting conditions

Overview

Relevant excess, meaning

Restriction of allowances

Ships

Change of trader without change in ownership

Changes in the law

Chargeable period

Claim for Business Premises Renovation Allowances (BPRAs) on a derelict church

Claiming and disclaiming

Claims

Generally

Outside time-limits

Claims consequential on discovery assessment

Claims for

Companies

Generally

Re-classification

Time-limits

Co-ownership authorised contractual schemes

Commercial buildings

Companies

Allowances or charges given in calculating profits of company's trade

Chargeable periods

Claims

Generally

How relief is given

Manner of making allowances and charges

Non-resident companies

Reconstructions

Companies with investment business

Computation of profits, capital allowances not automatically deducted

Computer software

Capital expenditure

Disposal-value rules

Generally

Leasing

Ownership requirements

Connected persons

Continuity of the law

Contributions

Conditions for allowances

Dredging

General rule excluding

Insurance or compensation money

Mineral extraction

Northern Ireland regional development grants

Plant and machinery

Public bodies

Transfer of trade or relevant activity

Contributions to expenditure

Allowances - dredging

Allowances - general conditions

Allowances - mineral extraction

Allowances - plant and machinery

Dredging

Finance Act 2013, changes

Generally

Grants from other sources

Grants from public bodies

Mineral extraction

Plant and machinery

Restriction on allowances

Control, meaning

Controlled foreign companies

Currency to be used in calculation

Double relief, prevention

Generally

Industrial buildings

Plant or machinery

Corporation Tax (Northern Ireland) Act 2015

Corporation tax allowances and charges

Self-assessment

Special leasing

Cost of construction of car valeting bay, not an expense on plant

Cushion gas

Death of sole trader

Decommissioning expenditure

Anti-avoidance provisions

Extension

Deductibility of fee incurred by partnership in consideration for services

Determination of market value

Determination of questions affecting two or more persons

Developer holding headlease

Double allowances exclusion

Generally

Interaction between fixtures and other claims

Pooling plant and machinery

Double allowances, exclusion

Dredging

– see also Dredging allowances

Generally

Dredging allowances

Dual investing company, meaning

Dwelling-houses

Dwelling-houses let on assured tenancies

Generally

EC mergers directive

Employees

Employees and office holders

Energy-saving plant and machinery

Generally

Enterprise zones

– see also Enterprise zones

Commercial buildings or structures

Designated areas

Hotels

Plant and machinery 100 per cent allowances

Equipment leasing

Anti-avoidance legislation

Changing pattern of allowances and effect

Changing trends in the providers of lease financing

Cross-border leasing

Fixtures to land

Generally

Reforms

Source of finance

Specific rules

Tax relief

Estimated cost of

European co-operative society (SCE)

European company (SE)

European cross-border mergers

Excess (group relief)

Exchanges and surrenders of leasehold interests

Exclusion where expenditure incurred in chargeable period in which trade permanently discontinued

Expenditure on research and development

Extension of

Extent of expenditure

Farming and market gardening

Finance leases

First year

First-year allowances

Amount of

Asset partly used/provided for qualifying activity, reduction of first-year allowances

Availability

Cars with low carbon dioxide emissions

Double relief prevention

Energy saving plant and machinery

Entitlement

Environmentally beneficial machinery and plant

Gas refueling stations

General exclusions

Leasing plant and machinery, sideways loss relief restriction

Northern Ireland

Partial depreciation subsidies, reduction of

Plant and machinery allowances

Qualifying expenditure

Ring fence trades

Ships

– see Ships

Small and medium-sized enterprises

Temporary rate

Time expenditure incurred

Value added tax

Fixed value requirement

Fixtures

Election to fix apportionment

Generally

New rules for purchasers

Fixtures election

Flat conversion

Flat conversion allowances

Generally

Football grounds

Foreign permanent establishments

Foster carers

Furnished holiday lettings

Gas storage facilities, cushion gas used in

Generally

Gift of property

Giving effect to

Giving effect to allowances and charges

Companies with investment business

Employees

Furnished holiday lettings

Leasing plant and machinery

Life assurance business

Mines, quarries and other concerns

Property businesses

Trades

Grants

Grants and subsidies

Grants or subsidies

Group relief

History of

Hotels

Generally

Income tax allowances and charges

Generally

Special leasing

Income tax relief for interest incurred on borrowings to fund partnership capital

Incurred expenses

Individual special lessors

Allowances and charges

Excess allowances

Finance costs

Industrial buildings

Industrial buildings allowance

Industrial buildings allowances

Industrial buildings and structures

Generally

Insurance agents

Insurance companies

Integral features

Generally

International Fund for Ireland grants

Know-how

Generally

Leased assets

Leasing plant and machinery

Legislation

Lessor a trader or non-trader

Avoiding leasing transaction (features)

Relevant factors

Lessor taxed as trader: corporate lessors

Allowances (trading expenses

Leasing partnership

Loss relief

Surrender of excess allowances

Trading on commercial basis

Transfer of the seller's trade

Lessor taxed as trader: individual lessors

Allowances as trading expense

Excess allowances

Loan relationships (companies with investment business)

Location of partnership's trade

Long-life assets

Loss of relief

Loss relief

Machinery and plant

Mineral extraction

Generally

Mining and oil industry

Ministers of religion

Motor cars

Nature of

Non-recourse financing

Anti-avoidance provisions in CAA 2001, Pt. 2, Ch. 17, application

Degrouping risk

Distributions for tax purposes

Ensign Tankers case

Furniss and Dawson approach

Generally

Hire purchase

HMRC's approach

Incur expenditure

Interest relief denied to the lessor

Leasing activities by way of trade

Lessor's group relief relationship

Lord Hoffman's formulation

McGuckian case, effect

Normal commercial loan

Task risks

Non-resident companies

Northern Ireland grants

Oil taxation

– see Oil taxation

One or more businesses, Malaysia

Orders and regulations

Other allowances

Other special assets

Aircraft

Generally

Railway assets

Transport containers

Overview

Partnerships

Parts of assets

Parts of assets, meaning

Patent allowances

Patents

– see also Patents

Generally

Payment to secure release of option over asset, capital or revenue expenditure

Period of account

Plant and machinery

Long funding lease

Overview

Pooling requirement

Pre-trading expenditure

Private use

Privatisation of Royal Ordnance Factories

Property business loss relief

Property loss restrictions

Purchase of building sold unused by a developer

Qualifying activities

Current rules

Employments

Furnished holiday lettings

Gifts of plant and machinery

Investments of a company with investment business

Long funding leases

Old rules

Part use of assets for

Pre-trading expenditure

Property business

Shares in plant and machinery

Special leasing

Using an existing asset

Qualifying expenditure

Buildings, structures and land

Exclusions

Generally

Integral features etc.

Quantum of expenditure incurred on research and development

Real estate investment trusts

Reconstructions

Renewals basis

Replacement of domestic items relief

Research and development

Generally

Ring fence trade

Rollover relief

Sale and finance lease-back

Definition

Denial of allowances

Election for finance lease (post-11 March 2008)

Election under CAA 2001, s. 227 and 228

Enactment and eventual repeal of former CAA 2001, s. 222–224

Expenditure incurred (pre-1/6 April 2012)

Generally

Long funding leases (post-7 October 2007)

Possibilities for avoiding the application of the provisions for expenditure (pre-1/6 April 2012)

Restrictions (pre-October 2007)

Sale and lease-back

Assigned contracts

Calculating the restrictions

Considerations where CAA 2001, s. 218 may apply

Disposal value is not brought into account

Generally

Hire-purchase

Lease-back transactions, definitions

Relevant transactions

Sale completed by long sub-lease, not assignment of headlease

Sale of assets, transfers on death

Sale of property and time of sale

Sale of property, meaning

Sale of relevant interest

Sales treated as being for alternative amount

Scientific research

Scientific research, qualifying expenditure

Sell off assets to connected persons

Ships

– see Ships

Short-life assets

Sideways loss relief restrictions

Slide projector necessary to duties of vicar

Small pools allowance

Special leasing: corporate lessors

Allowances and charges

Excess allowances

Sports pavilions

Subsidies

Subsidies and grants

Successions

– see also Successions

Generally

Surrendered, group relief

Tax years and basis periods

Temporary increase in

Time of sale, meaning

Timing and extent of expenditure

Timing of expenditure

Additional VAT liability, exceptions

Anti-avoidance

Concurrent promissory condition

Condition precedent promissory condition

Credit period exceeding four months

General rule

Independent promissory condition

Milestone contracts

Tonnage tax

– see Tonnage tax

Trading receipts

Transfer of trade

To obtain balancing allowances

Without change of ownership

Transfer pricing

Transfers

Division of UK business

Formation of SE or SCE by merger

Generally

No change of ownership

Transfers treated as sales

Transport transfer schemes

Value added tax

Value added tax capital goods scheme

VAT capital goods scheme

Wasting assets

– see also Wasting assets

Generally

Wasting assets, exemption entitlement

Wear and tear allowance

Writing-down allowances

Agricultural buildings and land

Business premises renovation allowances

Dredging

Dwelling-houses let on assured tenancies

Industrial buildings

Know-how

Machinery and plant

Mineral extraction

Patent allowances

Zero-emission goods vehicles