Capital allowances
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
Claiming
Exclusions
Generally
Loss relief restriction
Losses attributable to
Maximum amount of
Qualifying activity permanently discontinued
Restrictions on annual investment allowance (AIA)
Scope of
Transitional measures
Annual investment allowances
Appealable decisions (apportionments)
Apportionment
Consideration
Procedure
Where property sold together
Apportionments
Assets transferred between different property businesses
Assured tenancy
Assured tenancy allowances
Avoidance
British Waterways Board transfer of property/rights and liabilities to Canal &River Trust and Canal &River Trading
Building societies
Business premises renovation allowance
Business premises renovation allowances
CAA case
Capital allowance buying (avoidance)
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 or revenue expenditure
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
Cessation of business
Change of ownership, allowancs transfer
Condition A: principal company, meaning
Limiting conditions
Overview
Relevant excess, meaning
Restriction of allowances
Ships
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 and elections
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
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
Grants from other sources
Grants from public bodies
Mineral extraction
Plant and machinery
Restriction on allowances
Control, meaning
Controlled foreign companies
Generally
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
Decommissioning expenditure
Anti-avoidance provisions
Extension
Deductibility of fee incurred by partnership in consideration for services
Determination of questions affecting two or more persons
Developer holding headlease
Disclaiming
Double allowances exclusion
Generally
Interaction between fixtures and other claims
Pooling plant and machinery
Double allowances, exclusion
Double tax relief
Dredging
Generally
Dredging allowances
Dual investing company, meaning
Dwelling-houses
Dwelling-houses let on assured tenancies
EC mergers directive
Elections and claims time limits
Employees
Employees and office holders
Energy-saving plant and machinery
Generally
Enterprise zones
Generally
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
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
Farm averaging
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
Small and medium-sized enterprises
Temporary rate
Time expenditure incurred
Value added tax
Fixed value requirement
Fixtures
Generally
Fixtures election
Flat conversion allowance
Flat conversion allowances
Football grounds
Foreign permanent establishments
Foster carers
Freeports
Furnished holiday lettings
Generally
Gas storage facilities, cushion gas used in
General rules
Generally
Gift of property
Giving effect to
Giving effect to allowances and charges
Employees
Furnished holiday lettings
Property businesses
Trades
Grants
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
Incorporation
Incurred expenses
Individual special lessors
Allowances and charges
Excess allowances
Finance costs
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
Late notices not allowed
Leased assets
Leasing plant and machinery
Legislation
Lessor a trader or non-trader
Avoiding leasing transaction (features)
Generally
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
Location of partnership's trade
Long-life assets
Loss of relief
Loss relief
Loss relief restrictions
Losses
Machinery and plant
Mergers and demergers
Mineral extraction
Generally
Mining and oil industry
Ministers of religion
Motor cars
Negative earnings
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
One or more businesses, Malaysia
Orders and regulations
Other special assets
Aircraft
Generally
Railway assets
Transport containers
Overseas permanent establishments
Parts of assets
Parts of assets, meaning
Patent allowances
Patents
Generally
Payment to secure release of option over asset, capital or revenue expenditure
Period of account
Plant and machinery
Long funding lease
Overview
Plant and machinery allowances
Annual investment allowances
Basic conditions
Buildings and structures
Business activity
Capital gains tax (interaction)
Disposal events and values
Dwelling-houses (restrictions re)
Expenditure (when incurred)
First-year allowances
Fixtures rules
Incorporation
Insulation costs
Integral features
Machinery (defined)
Ownership condition
Plant (defined)
Professional fees and preliminary costs
Special rate allowance
Super-deduction
Writing-down allowances
Pooling requirement
Private use
Privatisation of Royal Ordnance Factories
Property business loss relief
Property loss restrictions
Purchase of building sold unused by a developer
Purpose
Quantum of expenditure incurred on research and development
Real estate investment trusts
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. 222ÃÂ224
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
Sale of property and time of sale
Sale of relevant interest
Scientific research
Scientific research, qualifying expenditure
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
Structures and buildings
Structures and buildings allowances
Basic conditions
Evidence of entitlement
Freeports
Generally
Qualifying expenditure
Relevant interest
Subsidies
Successions
Surrendered, group relief
Temporary increase in
Time limits for elections and claims
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
Trading receipts
Transfer of trade
To obtain balancing allowances
Without change of ownership
Transfer pricing
Transfers treated as sales
Transport transfer schemes
Value added tax
VAT capital goods scheme
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