Participator, of

Transfer of

Acquisition of sites for tipping waste material


Capital allowances

Capital or revenue

Cash basis

Cemeteries and crematoria

Costs of acquiring a business



Australian approaches

Capital withdrawn from/employed in business

Case examples

Costs of acquiring a business


Enduring benefit test

Fixed and circulating capital

Payments to cancel agreements

Periodical payments

Recurrent expenditure

Restrictive covenants

Simplified expenses

Deductions disallowed in calculation of profits of trade

Depreciation in stock

Derivative contracts


Employee trust fund payments

Exchange rate loss on repayment of foreign loans

Fees for vocational training

Flat-rate scheme

Future costs on abandonment of oil field

Gas pipes, repairs or renewals


Legal fees incurred in a planning dispute

Loan relationships

Lump sum paid for release of annuity

Oil taxation

Overseas tax regimes

Patent rights

– see Patents

Plant and machinery

Purchase of a business, employees outstanding leave payments

Release of obligation/cancellation of agreement

Remediation of contaminated land

Rent guarantee payments

Restrictive terms associated with loan arrangement

Sea walls


Sum employed or intended to be employed as capital in trade

Surrender of onerous lease

VAT incurred