Close companies
Administration
Annual exemption
Anti-avoidance provisions
Anti-avoidance rules
Application (Chap. 2)
Apportionment of income
Inheritance tax
Value added tax
Apportionment of income, disposal of shares
Assets held on 6 April 1965
Associate of a participator, meaning
Associate, meaning
Associated company, meaning
Attribution of gains to participators
Basis of winding up under s. 439(3)
Beneficial loan treatment (exemptions)
Benefits for participators
Charge to tax
Exemption
Generally
Measure of the benefit
Relief for a return payment
Tax avoidance arrangements conferring benefits
Building societies, not close companies
Buying an interest in, loan interest relief
Associate, meaning
Eligibility requirements
Generally
Material interest, meaning
Capital gains tax
Capital, alteration of
Generally
Potentially exempt transfer
Trustee participators
Chargeable gains
Former apportionments
Generally
Transfer of assets at undervalue
Close company, meaning
Close investment-holding companies
Companies which are not close companies
Companies controlled by or on behalf of Crown
Companies involved with non-close companies
Meaning of 'shares beneficially held by the public' etc.: s. 446
Particular types of company
Particular types of quoted company
Registered pension schemes: s. 444
Compensation for reduction in value of land
Concept of control
Conferring benefit on participator, charge to corporation tax
Generally
Return payment to company, relief for
Control of, meaning
Control, meaning
Generally
Rights to be attributed
Rights to be attributed etc.
Controlling persons
Associate
Associated company
Director
Loan creditor
Participator
Crown, controlled by or on behalf of
Director, meaning
Directors
Dispositions for benefit of employees
Distributable income apportioned among participators
Annual payments to charity
Generally
Transfer of shares and purchase of assets
Distributions, beneficiary of
Distributions, expenses incurred in provision of benefits treated as
Additional persons treated as participators
Companies acting in concert or under arrangements
Employment income, exception for benefits treated as
Generally
Meaning of participator
Transfers between resident companies, exception for
Employee trusts
Exception to s. 554Z2(1)
Exceptions and exemptions
Exclusions
Foreign branch exemption regime
Foreign permanent establishment
Gateway
Generally
Group transfers
Income tax charge, release of loan to participators
Death
Generally
Income charged
Income tax treated as paid
Information, power to obtain
Person liable
Released or written off
Settlors
Trustees
Industrial and provident societies, not close companies
Information
Information, power to obtain
Inheritance tax
Alteration in share or loan capital
Annual exemption
Anti-avoidance provisions
Close company, meaning
Dispositions in trust for employees
Exceptions and exemptions
Generally
Inter-group disposals
Liability for tax
No apportionment made
Participator, meaning
Preference share values
Relief on sale of shares after death
Settled property where trustees are participators
Shares and securities, fall in value of property transferred
Surrender of losses or unrelieved advance corporation tax
Transfer of value
Transferee company, participator with interest in
Intangible fixed assets, participator test
Interest in possession in settled property attributed to participators
Interests in possession
Generally
Participators
Interpretation of statutes
Investment in/loan to buy interest in, interest relief
Investment-holding
Liability for tax
Extent of
Less than five per cent transferred
Persons liable
Liquidation
Listed companies, exclusion
Loan capital, alteration
Loan creditor
Loan creditor, meaning
Loan relationships
Deeply discounted securities
Loans to participators
Loan to invest in, interest relief
Loans to participators
Anti-avoidance provisions
Back-to-back arrangements
Changes with effect of 20 March 2013
Charge
Charge on
Consequences for participator
Controlled company loans
Default interest
Exemptions from charge
Generally
Indirectly to participator
Interest on overdue tax
Loan or advance, meaning
Loan, meaning
Money lending business
Notification to Revenue
Payment of tax on
Possible changes to the rules
Release
Released/written off
Relief on repayment etc.
Reporting requirements
Revenue's entitlement to make assessment
Self-assessment
Service company incorporated to pay outgoings of estate agency business
Small loans
Sum transferred to director's loan account
Written off
Loans/benefits to participators, corporation tax charge
Arrangements for paying tax on behalf of group members
Exceptions
Generally
Information, power to obtain
Release of loan to trustees of settlement which has ended, income deemed to arise to company
Repayment/release of loan
Treated as made by close company
Treated as made to participator
Meaning
Assets-based test
Controlled by five or less participators
Controlled by participators who are directors
Generally
Misappropriation of funds by director
Non-close companies, involvement with
Non-resident
Non-resident companies, not close companies
Non-resident trusts
Overview
Participator, meaning
Participators
Apportioned tax charged on
Cumulation
Interest in more than one company
Interest in possession
Liability for tax
Minority
Transfer within three years before death of
Trustee participators, transfer by
Preference shares
Quoted companies not treated as
Registered pension schemes, shares held on trust for
Relief on sales of shares after death
Repayments and return payments, restriction of relief
Share capital, alteration
Shares and securities
Apportionment of income
Beneficially held by the public
Transfer of assets at an undervalue
Transfer of assets by investors
Transfer of assets at an undervalue
Transfer of value
Alteration of capital/rights of shares
Apportionment of tax
Excluded surrenders
Minority participators
Participator trustees
Participators in two companies
Preference shares disregarded
Transfers from at undervalue
Transfers within a group
Transfers within three years before death of participator
Treatment of some persons as participators or directors for purposes of s. 439(3)
Trustees, attribution of gains to
Winding up
Winding-up
Winding-up, business property relief