Accumulated

Participator, of

Legislation/Regulatory – OTA75 s. 9(3)

Transfer of

Legislation/Regulatory – FA80 Sch. 17, para. 8

Acquisition of sites for tipping waste material

Case Law – Rolfe (H.M. Inspector of Taxes) v. Wimpey Waste Management Ltd. [1988] BTC 135 ; Rolfe (H.M. Inspector of Taxes) v. Wimpey Waste Management Ltd. [1989] BTC 191

Allowances

– see Capital allowances

Capital allowances

Commentary – 4.44.7

Capital or revenue

Commentary – 4.3

Case law

Commentary – Practical Capital Allowances ¶102-100

Cash basis

Legislation/Regulatory – ITTOIA2005 s. 33A

Cemeteries and crematoria

Commentary – Tax Reporter ¶282-205
HMRC Guidance – BIM52520 ; BIM52525

Costs of acquiring a business

Commentary – Tax Reporter ¶216-925 ; Tax Reporter ¶708-295
Case Law – ROYAL INSURANCE COMPANY v. WATSON (Surveyor of Taxes).

Deductions

Allowable

Commentary – Tax Reporter ¶208-350 ; Tax Reporter ¶208-380 ; Tax Reporter ¶707-320
HMRC Guidance – BIM75000

Australian approaches

Commentary – Tax Reporter ¶207-560 ; Tax Reporter ¶707-338
Case Law – Halifax plc v Davidson (HMIT)

Capital withdrawn from/employed in business

Commentary – Tax Reporter ¶207-510 ; Tax Reporter ¶707-330
Case Law – ATHERTON (H.M. INSPECTOR OF TAXES) v. BRITISH INSULATED AND HELSBY CABLES, LIMITED.

Case examples

Commentary – Tax Reporter ¶207-540 ; Tax Reporter ¶207-560
Case Law – (1) ANGLO-PERSIAN OIL COMPANY, LIMITED v. DALE (H.M. INSPECTOR OF TAXES. (2) ANGLO-PERSIAN OIL COMPANY, LIMITED v. THE COMMISSIONERS OF INLAND REVENUE. ; (1) J.P. HANCOCK (SURVEYOR OF TAXES) v. GENERAL REVERSIONARY AND INVESTMENT COMPANY, LIMITED. (2) GENERAL REVERSIONARY AND INVESTMENT COMPANY, LIMITED v. J.P. HANCOCK (SURVEYOR OF TAXES). ; ATHERTON (H.M. INSPECTOR OF TAXES) v. BRITISH INSULATED AND HELSBY CABLES, LIMITED. ; Commissioners of Inland Revenue v. Land Securities Investment Trust Ltd. ; Halifax plc v Davidson (HMIT) ; Heather (H.M. Inspector of Taxes) v. P-E Consulting Group Ltd. Commissioners of Inland Revenue v. P-E Consulting Group Ltd ; J.W. SMITH (Surveyor of Taxes) v. THE INCORPORATED COUNCIL OF LAW REPORTING FOR ENGLAND AND WALES. ; Strick (H.M. Inspector of Taxes) v. Regent Oil Co. Ltd. Commissioners of Inland Revenue v. Regent Oil Co. Ltd. ; The Croydon Hotel & Leisure Co Ltd v Bowen (HMIT) ; Tucker (H.M. Inspector of Taxes) v. Granada Motorway Services Ltd. ; VAN DEN BERGHS, LIMITED v. CLARK (H.M. INSPECTOR OF TAXES) ; Walker (H.M. Inspector of Taxes) v. Cater Securities Ltd.

Costs of acquiring a business

Commentary – Tax Reporter ¶216-925 ; Tax Reporter ¶708-295
Case Law – ROYAL INSURANCE COMPANY v. WATSON (Surveyor of Taxes).

Disallowed

Commentary – Tax Reporter ¶207-500

Enduring benefit test

Commentary – Tax Reporter ¶207-540 ; Tax Reporter ¶707-336
Case Law – (1) ANGLO-PERSIAN OIL COMPANY, LIMITED v. DALE (H.M. INSPECTOR OF TAXES. (2) ANGLO-PERSIAN OIL COMPANY, LIMITED v. THE COMMISSIONERS OF INLAND REVENUE. ; (1) J.P. HANCOCK (SURVEYOR OF TAXES) v. GENERAL REVERSIONARY AND INVESTMENT COMPANY, LIMITED. (2) GENERAL REVERSIONARY AND INVESTMENT COMPANY, LIMITED v. J.P. HANCOCK (SURVEYOR OF TAXES). ; ATHERTON (H.M. INSPECTOR OF TAXES) v. BRITISH INSULATED AND HELSBY CABLES, LIMITED. ; Commissioners of Inland Revenue v. Land Securities Investment Trust Ltd. ; Heather (H.M. Inspector of Taxes) v. P-E Consulting Group Ltd. Commissioners of Inland Revenue v. P-E Consulting Group Ltd ; J.W. SMITH (Surveyor of Taxes) v. THE INCORPORATED COUNCIL OF LAW REPORTING FOR ENGLAND AND WALES. ; Strick (H.M. Inspector of Taxes) v. Regent Oil Co. Ltd. Commissioners of Inland Revenue v. Regent Oil Co. Ltd. ; The Croydon Hotel & Leisure Co Ltd v Bowen (HMIT) ; Tucker (H.M. Inspector of Taxes) v. Granada Motorway Services Ltd. ; VAN DEN BERGHS, LIMITED v. CLARK (H.M. INSPECTOR OF TAXES) ; Walker (H.M. Inspector of Taxes) v. Cater Securities Ltd.

Fixed and circulating capital

Commentary – Tax Reporter ¶207-520 ; Tax Reporter ¶707-332
Case Law – JOHN SMITH AND SON v. MOORE (H.M. INSPECTOR OF TAXES). ; THE GLOUCESTER RAILWAY CARRIAGE AND WAGON CO., LTD. v. THE COMMISSIONERS OF INLAND REVENUE.

Payments to cancel agreements

Commentary – Tax Reporter ¶207-540 ; Tax Reporter ¶707-336
Case Law – (1) ANGLO-PERSIAN OIL COMPANY, LIMITED v. DALE (H.M. INSPECTOR OF TAXES. (2) ANGLO-PERSIAN OIL COMPANY, LIMITED v. THE COMMISSIONERS OF INLAND REVENUE. ; (1) J.P. HANCOCK (SURVEYOR OF TAXES) v. GENERAL REVERSIONARY AND INVESTMENT COMPANY, LIMITED. (2) GENERAL REVERSIONARY AND INVESTMENT COMPANY, LIMITED v. J.P. HANCOCK (SURVEYOR OF TAXES). ; ATHERTON (H.M. INSPECTOR OF TAXES) v. BRITISH INSULATED AND HELSBY CABLES, LIMITED. ; Commissioners of Inland Revenue v. Land Securities Investment Trust Ltd. ; Heather (H.M. Inspector of Taxes) v. P-E Consulting Group Ltd. Commissioners of Inland Revenue v. P-E Consulting Group Ltd ; J.W. SMITH (Surveyor of Taxes) v. THE INCORPORATED COUNCIL OF LAW REPORTING FOR ENGLAND AND WALES. ; Strick (H.M. Inspector of Taxes) v. Regent Oil Co. Ltd. Commissioners of Inland Revenue v. Regent Oil Co. Ltd. ; The Croydon Hotel & Leisure Co Ltd v Bowen (HMIT) ; Tucker (H.M. Inspector of Taxes) v. Granada Motorway Services Ltd. ; VAN DEN BERGHS, LIMITED v. CLARK (H.M. INSPECTOR OF TAXES) ; Walker (H.M. Inspector of Taxes) v. Cater Securities Ltd.

Periodical payments

Commentary – Tax Reporter ¶207-530 ; Tax Reporter ¶707-334
Case Law – COMMISSIONERS OF INLAND REVENUE v. BRITISH SALMSON AERO ENGINES, LTD. BRITISH SALMSON AERO ENGINES, LTD. v. COMMISSIONERS OF INLAND REVENUE ; COMMISSIONERS OF INLAND REVENUE v. RAMSAY ; COMMISSIONERS OF INLAND REVENUE v. RUSTPROOF METAL WINDOW CO., LTD. RUSTPROOF METAL WINDOW CO., LTD. v. COMMISSIONERS OF OF INLAND REVENUE ; COMMISSIONERS OF INLAND REVENUE v. WESLEYAN AND GENERAL ASSURANCE SOCIETY ; Commissioners of Inland Revenue v. Church Commissioners for England ; Postlethwaite v. Commissioners of Inland Revenue Commissioners of Inland Revenue v. Postlethwaite ; SCOBLE AND OTHERS v. SECRETARY OF STATE FOR INDIA. ; UNITED STEEL COMPANIES, LTD. v. CULLINGTON (H.M. INSPECTOR OF TAXES) (NO. 1)

Recurrent expenditure

Commentary – Tax Reporter ¶207-540
Case Law – (1) ANGLO-PERSIAN OIL COMPANY, LIMITED v. DALE (H.M. INSPECTOR OF TAXES. (2) ANGLO-PERSIAN OIL COMPANY, LIMITED v. THE COMMISSIONERS OF INLAND REVENUE. ; (1) J.P. HANCOCK (SURVEYOR OF TAXES) v. GENERAL REVERSIONARY AND INVESTMENT COMPANY, LIMITED. (2) GENERAL REVERSIONARY AND INVESTMENT COMPANY, LIMITED v. J.P. HANCOCK (SURVEYOR OF TAXES). ; ATHERTON (H.M. INSPECTOR OF TAXES) v. BRITISH INSULATED AND HELSBY CABLES, LIMITED. ; Commissioners of Inland Revenue v. Land Securities Investment Trust Ltd. ; Heather (H.M. Inspector of Taxes) v. P-E Consulting Group Ltd. Commissioners of Inland Revenue v. P-E Consulting Group Ltd ; J.W. SMITH (Surveyor of Taxes) v. THE INCORPORATED COUNCIL OF LAW REPORTING FOR ENGLAND AND WALES. ; Strick (H.M. Inspector of Taxes) v. Regent Oil Co. Ltd. Commissioners of Inland Revenue v. Regent Oil Co. Ltd. ; The Croydon Hotel & Leisure Co Ltd v Bowen (HMIT) ; Tucker (H.M. Inspector of Taxes) v. Granada Motorway Services Ltd. ; VAN DEN BERGHS, LIMITED v. CLARK (H.M. INSPECTOR OF TAXES) ; Walker (H.M. Inspector of Taxes) v. Cater Securities Ltd.

Restrictive covenants

Commentary – Tax Reporter ¶207-540 ; Tax Reporter ¶707-336
Case Law – (1) ANGLO-PERSIAN OIL COMPANY, LIMITED v. DALE (H.M. INSPECTOR OF TAXES. (2) ANGLO-PERSIAN OIL COMPANY, LIMITED v. THE COMMISSIONERS OF INLAND REVENUE. ; (1) J.P. HANCOCK (SURVEYOR OF TAXES) v. GENERAL REVERSIONARY AND INVESTMENT COMPANY, LIMITED. (2) GENERAL REVERSIONARY AND INVESTMENT COMPANY, LIMITED v. J.P. HANCOCK (SURVEYOR OF TAXES). ; ATHERTON (H.M. INSPECTOR OF TAXES) v. BRITISH INSULATED AND HELSBY CABLES, LIMITED. ; Commissioners of Inland Revenue v. Land Securities Investment Trust Ltd. ; Heather (H.M. Inspector of Taxes) v. P-E Consulting Group Ltd. Commissioners of Inland Revenue v. P-E Consulting Group Ltd ; J.W. SMITH (Surveyor of Taxes) v. THE INCORPORATED COUNCIL OF LAW REPORTING FOR ENGLAND AND WALES. ; Strick (H.M. Inspector of Taxes) v. Regent Oil Co. Ltd. Commissioners of Inland Revenue v. Regent Oil Co. Ltd. ; The Croydon Hotel & Leisure Co Ltd v Bowen (HMIT) ; Tucker (H.M. Inspector of Taxes) v. Granada Motorway Services Ltd. ; VAN DEN BERGHS, LIMITED v. CLARK (H.M. INSPECTOR OF TAXES) ; Walker (H.M. Inspector of Taxes) v. Cater Securities Ltd.

Simplified expenses

Commentary – Tax Reporter ¶208-380
HMRC Guidance – BIM75000

Deductions disallowed in calculation of profits of trade

Legislation/Regulatory – CTA2009 s. 53 ; ITTOIA2005 s. 33
HMRC Guidance – BIM15025 ; BIM35002 ; BIM35645 ; BIM35660 ; BIM37690 ; BIM37717 ; BIM37725 ; BIM38250 ; BIM38297 ; BIM38300 ; BIM44505 ; BIM44560 ; BIM46905 ; BIM55155 ; BIM55220 ; BIM55235 ; BIM55240 ; BIM55245 ; BIM55265 ; BIM55270 ; BIM55275 ; BIM55285 ; BIM55290 ; BIM55305 ; BIM55315 ; BIM55330 ; BLM33030 ; CA23250 ; CFM32020 ; CFM41130 ; CFM51020 ; CFM61100 ; CIRD81700 ; CTM17600 ; FPC20230 ; GIM8300 ; IHTM42958

Depreciation in stock

Case Law – Revenue and Customs Commissioners v William Grant & Sons Distillers Ltd. [2005] BTC 483

Derivative contracts

Legislation/Regulatory – CTA2009 s. 604
HMRC Guidance – CFM52040

Domestic items, replacement of

Commentary – Practical Capital Allowances ¶165-150

Dwelling-house

Commentary – 4.5

Employee trust fund payments

Case Law – Jeffs (H.M. Inspector of Taxes) v. Ringtons Ltd. [1985] BTC 585

Exchange rate loss on repayment of foreign loans

Case Law – Beauchamp (H.M. Inspector of Taxes) v. F.W. Woolworth plc. [1987] BTC 298 ; Beauchamp (H.M. Inspector of Taxes) v. F.W. Woolworth plc. [1988] BTC 390 ; Beauchamp (H.M. Inspector of Taxes) v. F.W. Woolworth plc. [1989] BTC 233

Fees for vocational training

Case Law – Dass v Special Commissioner & Ors. [2006] BTC 866 ; Dass v. R & C Commrs (2006) Sp C 570

Flat-rate scheme

Commentary – Indirect Tax Reporter ¶55-350

Future costs on abandonment of oil field

Case Law – RTZ Oil and Gas Ltd. v. Elliss (H.M. Inspector of Taxes). [1987] BTC 359

Gas pipes, repairs or renewals

Case Law – Auckland Gas Co Ltd v Commissioner of Inland Revenue (New Zealand). [2000] BTC 249

Grants

– see Grants or subsidies

Legal fees incurred in a planning dispute

Case Law – Market South West (Holdings) Ltd [2010] TC 00432 ; Market South West (Holdings) Ltd v Revenue and Customs Commissioners. [2011] BTC 1,766

Loan relationships

Legislation/Regulatory – CTA2009 s. 320
HMRC Guidance – BIM46565 ; BIM64245 ; BIM64295 ; CFM33160 ; CFM39230 ; CFM52040 ; CFM92440

Lump sum paid for release of annuity

Case Law – Parnalls Solicitors Ltd [2010] TC 00261

Meaning

Commentary – Practical Capital Allowances ¶102-100

Oil taxation

Commentary – Tax Reporter ¶798-875

Overseas tax regimes

Commentary – 10.8

Patent rights

– see Patents

Plant and machinery

– see Plant and machinery allowances

Purchase of a business, employees outstanding leave payments

Case Law – Commissioner of Inland Revenue (New Zealand) v New Zealand Forest Research Institute Ltd. [2000] BTC 245

Release of obligation/cancellation of agreement

Case Law – Vodafone Cellular Ltd & Ors v. Shaw (HM Inspector of Taxes) [1997] BTC 247

Remediation of contaminated land

– see Remediation of contaminated/derelict land

Rent guarantee payments

Case Law – Caledonian Paper plc v IR Commrs (1998) Sp C 159

Restrictive terms associated with loan arrangement

Case Law – Tubbs (Elastics) Limited v. Whitehead (H.M. Inspector of Taxes). [1983] BTC 406 ; Whitehead (H.M. Inspector of Taxes) v. Tubbs (Elastics) Limited. [1983] BTC 28

Sea walls

Commentary – Tax Reporter ¶300-340

Significance of

Commentary – Practical Capital Allowances ¶102-000

Spreading

Legislation/Regulatory – FA81 s. 117

Sum employed or intended to be employed as capital in trade

Case Law – Revenue & Customs Commissioners v William Grant & Sons Distillers Ltd; Small (HMIT) v Mars UK Ltd. [2007] BTC 315 ; Small (HM Inspector of Taxes) v Mars UK Ltd. [2005] BTC 236

Surrender of onerous lease

Case Law – Bullrun Inc v HM Inspector of Taxes (2000) Sp C 248

Timing of

Additional VAT liability

Commentary – Practical Capital Allowances ¶105-400

Anti-avoidance provisions

Commentary – Practical Capital Allowances ¶105-300

Credit period exceeding four months

Commentary – Practical Capital Allowances ¶105-200

Delivery date

Commentary – Practical Capital Allowances ¶105-000

Generally

Commentary – Practical Capital Allowances ¶105-000

Milestone contracts

Commentary – Practical Capital Allowances ¶105-100

Promissory conditions

Commentary – Practical Capital Allowances ¶105-000

VAT incurred

Commentary – 4.2