Adjustment expense

Generally

Meaning

Previously brought into account

Realising or writing off assets

Adjustment income

Calculation of adjustment

Charge to tax

Circumstances in which an adjustment may arise

Deductions

Depreciation

Earned income

Loss relief

Mark to market

Meaning

Person liable for tax

Personal representatives

Property businesses

Realising or writing off assets

Spreading adjustment

Valuing stock or work in progress

When arising

Adjustment on

Calculation of

Deferred revenue expenditure

Derivative contracts

Expenses previously brought into account

Generally

Giving effect to

Giving effect to positive and negative adjustments

Intangible fixed assets

Leaving the cash basis

Loan relationships

Mark to market, change from realisation basis

Property income

Realising or writing off assets

Realising/writing off assets

Transfer of insurance business

Barristers and advocates

Cash basis for small businesses

Generally

Change of basis, meaning

Generally

HMRC guidance

Insurance companies, mark to market basis

Intangible assets

Mark to market

Election for spreading

General rule

Transfer of insurance business, preservation of deferral and spreading option

Offshore funds

Old rules

Partnerships

Personal representatives

Practice applicable, meaning

Property income

Spreading adjustment

Corporation tax

Income tax