Allowable expenditure

Legislation/Regulatory – OTA75 Sch. 4, para. 2(2)

Assured tenancy allowances

Commentary – Practical Capital Allowances ¶625-650

Avoidance devices

Legislation/Regulatory – OTA83 Sch. 2, para. 11

Business expansion scheme, qualifying conditions for relief

Case Law – Cook (HM Inspector of Taxes) v Billings & Ors. [1999] BTC 220 ; Cook (HM Inspector of Taxes) v Billings & Ors. [2001] BTC 3

Capital allowances

Anti-avoidance

Legislation/Regulatory – CAA2001 s. 214, 217, 218, 232

Generally

Commentary – Tax Reporter ¶235-550 ; Tax Reporter ¶239-300
Legislation/Regulatory – CAA2001 s. 575, 575A ; FA93 s. 117(1), (5)

Overseas leasing

Legislation/Regulatory – CAA2001 s. 108, 112, 115
HMRC Guidance – CA23280

Ships

Legislation/Regulatory – CAA2001 s. 156
HMRC Guidance – CA25650

Short-life assets

Legislation/Regulatory – CAA2001 s. 89
HMRC Guidance – CA23280

Successions

Legislation/Regulatory – CAA2001 s. 266
HMRC Guidance – BIM70060 ; BIM70068 ; BLM80010 ; CA29040 ; CTM34505 ; CTM34620

Capital allowances on sale

Commentary – Quick Overview ¶60080

Capital gains tax

Generally

Commentary – Quick Overview ¶14650

Losses

Commentary – Quick Overview ¶14985

Meaning

Commentary – Quick Overview ¶14665

Rights or restrictions over assets

Commentary – Quick Overview ¶14660

Series of transactions

Commentary – Quick Overview ¶14655

Capital losses, restrictions re

Commentary – Ford on Tax Losses 5.4.1Ford on Tax Losses 16.1.3

Car hire expenses

Legislation/Regulatory – ITTOIA2005 s. 50B

Chargeable gains

Allowable loss

Commentary – Tax Reporter ¶524-700
Case Law – Kellogg Brown & Root Holdings Ltd v. R & C Commrs

Control over company

Commentary – Tax Reporter ¶503-800
Case Law – Kellogg Brown & Root Holdings Ltd v. R & C Commrs

Debts

Commentary – Tax Reporter ¶510-950

Family relationship

Commentary – Tax Reporter ¶503-800
Case Law – Kellogg Brown & Root Holdings Ltd v. R & C Commrs

General provisions

Legislation/Regulatory – TCGA92 s. 286

Generally

Commentary – Tax Reporter ¶503-800
Case Law – Kellogg Brown & Root Holdings Ltd v. R & C Commrs

Partnerships

Commentary – Tax Reporter ¶503-800
Case Law – Kellogg Brown & Root Holdings Ltd v. R & C Commrs

Table of persons connected with individual/trustee or company

Commentary – Tax Reporter ¶503-800
Case Law – Kellogg Brown & Root Holdings Ltd v. R & C Commrs

Transactions between

Legislation/Regulatory – TCGA92 s. 18

Transfers between

Commentary – Tax Reporter ¶518-900

Trusts and settlements

Commentary – Tax Reporter ¶503-800
Case Law – Kellogg Brown & Root Holdings Ltd v. R & C Commrs

Valuation

Commentary – Tax Reporter ¶527-050

Chargeable gains, capital loss on sale of shares

Case Law – Kellogg Brown & Root Holdings (UK) Ltd v Revenue and Customs Commissioners. [2009] BTC 152 ; Kellogg Brown & Root Holdings (UK) Ltd v Revenue and Customs Commissioners. [2010] BTC 250 ; Kellogg Brown & Root Holdings Ltd v. R & C Commrs (2008) Sp C 693

Community investment tax relief

Legislation/Regulatory – ITA2007 s. 370

Companies

– see also Associated companies

Purchase of own shares

Commentary – Tax Reporter ¶762-170

Company distributions

Legislation/Regulatory – CTA2010 s. 1062, 1063

Consideration received by, under avoidance schemes

Legislation/Regulatory – OTA83 Sch. 2, para. 2

Continuous supplies of goods or services, tax point

Legislation/Regulatory – SI 1995/2518 reg. 94B

Continuous supplies of services, annual tax point

Commentary – Indirect Tax Reporter ¶12-505
HMRC Guidance – Notice 700

Corporate venturing scheme

Legislation/Regulatory – FA2000 Sch. 15, para. 53

Defined

Commentary – Ford on Tax Losses 5.4.1

Direction that supplies accounted for at open market value

Case Law – Oughtred & Harrison Ltd. (1988) 3 BVC 869

Dispositions not intended to confer gratuitous benefit

Legislation/Regulatory – IHTA84 s. 10

Enterprise investment scheme

Commentary – Tax Reporter ¶323-170–Tax Reporter ¶323-200
Legislation/Regulatory – ITA2007 s. 221
HMRC Guidance – VCM15030 ; VCM15040 ; VCM36050
Case Law – Revenue and Customs Commissioners v Taylor & Anor. [2011] BTC 1,501

Generally

Commentary – Practical Capital Allowances ¶120-500
Legislation/Regulatory – LBTTSA13 s. 58

Gifts of business assets, foreign-controlled companies

Case Law – Foulser & Anor v MacDougall (HM Inspector of Taxes). [2006] BTC 131 ; Foulser & Anor v MacDougall. [2007] BTC 95 ; Foulser and Anor v Macdougal (HMIT) (2005) Sp C 462

Gifts of trading stock to charities

Legislation/Regulatory – CTA2009 s. 108
HMRC Guidance – BIM45155 ; BIM45165 ; BIM90030

Inheritance tax

Companies

Commentary – Tax Reporter ¶602-950

Individuals

Commentary – Tax Reporter ¶602-850

Significance

Commentary – Tax Reporter ¶603-000

Transactions between

Commentary – Tax Reporter ¶609-950

Trustees

Commentary – Tax Reporter ¶602-900

Inheritance tax, dispositions, no gratuitous intent

Commentary – Quick Overview ¶16455

Integral features

Commentary – Practical Capital Allowances ¶247-250

Loan relationships

– see Loan relationships

Local enterprise agencies

Commentary – Tax Reporter ¶216-650

Long-term asset

Destruction of

Legislation/Regulatory – OTA75 Sch. 4, para. 7(2)

Disposal of

Legislation/Regulatory – OTA75 Sch. 4, para. 4(8)

Loss of

Legislation/Regulatory – OTA75 Sch. 4, para. 7(2)

Meaning

Commentary – Quick Overview ¶14665 ; Tax Reporter ¶735-350
Legislation/Regulatory – CTA2009 s. 1316 ; CTA2010 s. 1119, 1122, 1123 ; CTA2010 s. 1122, 1123, 1176 ; IHTA84 s. 270 ; ITA2007 s. 993, 994, 1021
HMRC Guidance – BIM33495 ; BIM41130 ; BIM45130 ; BIM45155 ; BIM45165 ; BIM60475 ; BIM60850 ; BIM82775 ; BIM85750 ; BIM86032 ; CIRD45120 ; CITM7140 ; CITM9005 ; CTM36335 ; CTM36830 ; CTM48284 ; EIM45465 ; EIM45860 ; ESM10005 ; ESM10008 ; IHTM04086 ; IHTM04164 ; IHTM25353 ; IHTM42962 ; IHTM44031 ; INTM170120 ; INTM254840 ; INTM254850 ; INTM269060 ; INTM269072 ; INTM269110 ; INTM269130 ; INTM269150 ; INTM412060 ; INTM610130 ; INTM620310 ; INTM651040 ; INTM654060 ; SAIM9350 ; VCM11060 ; VCM13100 ; VCM15040 ; VCM34080 ; VCM36050 ; VCM55230 ; VOACGTAPPENDIX19CPRADFTP

Mineral extraction allowances

Commentary – Practical Capital Allowances ¶500-650

Oil taxation

Corporation tax

Commentary – Tax Reporter ¶799-250

Petroleum revenue tax

Commentary – Tax Reporter ¶796-050 ; Tax Reporter ¶796-950

Patent allowances

Commentary – Practical Capital Allowances ¶575-700

Plant and machinery allowances, anti-avoidance provisions

Commentary – Practical Capital Allowances ¶255-100

Purchase by company of own shares

Commentary – Tax Reporter ¶762-170

Recovery of excess relief

Commentary – Practical Capital Allowances ¶230-210

Research and development

– see Research and development expenditure

Research and development allowances

Commentary – Practical Capital Allowances ¶525-700

Reverse premiums

Legislation/Regulatory – CTA2009 s. 96-100 ; ITTOIA2005 s. 103
HMRC Guidance – BIM41051 ; BIM41130 ; BIM64175

Seed enterprise investment scheme

Commentary – Tax Reporter ¶319-950

Short life assets

Commentary – Practical Capital Allowances ¶205-300

Taxable amount, compatibility of national provisions with Community law

Case Law – Balkan and Sea Properties ADSITs & Anor v Direktor na Direktsia – Varna pri Tsentralno upravlenie na Natsionalnata agentsia za prihodite (Joined Cases C-621/10 and C-129/11). [2012] BVC 429 ; Campsa Estaciones de Servicio SA v Administración del Estado (Case C-285/10). [2012] BVC 258

Transactions between

Commentary – Tax Reporter ¶616-700

Transactions in land

Commentary – Tax Reporter ¶304-050

Trustees

Commentary – Tax Reporter ¶602-900

Valuation of trading stock

Legislation/Regulatory – CTA2009 s. 167, 168 ; ITTOIA2005 s. 177-179
HMRC Guidance – BIM33480 ; BIM33495 ; BIM33530 ; INTM440030

Value added tax

Commentary – Practical Capital Allowances ¶182-500

Value of supply

Acquisition of goods

Legislation/Regulatory – VATA94 Sch. 7, para. 1

EU law

Commentary – Indirect Tax Reporter ¶14-300

Generally

Commentary – Indirect Tax Reporter ¶14-300
Legislation/Regulatory – VATA94 Sch. 6, para. 1(4)

Leasing between connected persons

Commentary – Indirect Tax Reporter ¶14-300

Over valuation

Commentary – Indirect Tax Reporter ¶14-300