Calculation of profits

Disposals

Legislation/Regulatory – ITTOIA2005 s. 439
HMRC Guidance – SAIM3070

Earn-out rights

Legislation/Regulatory – ITTOIA2005 s. 442
HMRC Guidance – SAIM3100

Market value acquisitions

Legislation/Regulatory – ITTOIA2005 s. 441
HMRC Guidance – SAIM3080 ; SAIM3090

Market value disposals

Legislation/Regulatory – ITTOIA2005 s. 440
HMRC Guidance – SAIM3080 ; SAIM3090 ; SAIM3110 ; SAIM3160

Charge to tax

Commentary – Tax Reporter ¶337-100
Legislation/Regulatory – ITTOIA2005 s. 427
HMRC Guidance – CH122110 ; SAIM3010

Corporate strips

Acquisitions and disposals

Legislation/Regulatory – ITTOIA2005 s. 452F

Conversion of interest-bearing corporate securities into corporate strips

Legislation/Regulatory – ITTOIA2005 s. 452C

Generally

Legislation/Regulatory – ITTOIA2005 s. 452A

Interest-bearing security, meaning

Legislation/Regulatory – ITTOIA2005 s. 452B

Lower level conversions

Legislation/Regulatory – ITTOIA2005 s. 452D

Manipulation of acquisition, transfer or redemption payments

Legislation/Regulatory – ITTOIA2005 s. 452G

Meaning

Legislation/Regulatory – ITTOIA2005 s. 452E

Disposals

Calculation of profit

Legislation/Regulatory – ITTOIA2005 s. 439

Generally

Legislation/Regulatory – ITTOIA2005 s. 437
HMRC Guidance – SAIM3070

Market value

Legislation/Regulatory – ITTOIA2005 s. 440

Timing of transfers and acquisitions

Legislation/Regulatory – ITTOIA2005 s. 438
HMRC Guidance – SAIM3070 ; SAIM3130 ; SAIM3160

Estates in administration

Commentary – Tax Reporter ¶365-675
Case Law – Moore (H.M. Inspector of Taxes) v. R.J. Mackenzie & Sons Ltd. Commissioners of Inland Revenue v. R.J. Mackenzie & Sons Ltd.

Excluded indexed security

Legislation/Regulatory – ITTOIA2005 s. 432, 433
HMRC Guidance – CFM82250 ; CG53708 ; SAIM2230 ; SAIM3040 ; SAIM3050 ; SAIM3055

Excluded occasions of redemption

Legislation/Regulatory – ITTOIA2005 s. 431
HMRC Guidance – SAIM3020 ; SAIM3030

Expressly excluded securities

Commentary – Tax Reporter ¶337-050 ; Tax Reporter ¶559-200

Generally

Commentary – Tax Reporter ¶337-000

Government securities

– see Government securities

Income charged

Legislation/Regulatory – ITTOIA2005 s. 428
HMRC Guidance – SAIM3070

Listed securities held since 26 March 2003

Calculation of profit or loss on disposal

Legislation/Regulatory – FA2012 Sch. 39, para. 48 ; ITTOIA2005 s. 455
HMRC Guidance – SAIM3080

Connected persons

Legislation/Regulatory – ITTOIA2005 s. 456
HMRC Guidance – SAIM3080

Generally

Legislation/Regulatory – ITTOIA2005 s. 453
HMRC Guidance – SAIM3080

Loss relief

Legislation/Regulatory – ITTOIA2005 s. 454

Loan relationships

Accounting periods pre-1 April 2007

Legislation/Regulatory – CTA2009 Sch. 2, para. 65

Close companies

Legislation/Regulatory – CTA2009 s. 406, 409-411, Sch. 2, para. 65
HMRC Guidance – CFM35985 ; CFM37210

Connected companies

Legislation/Regulatory – CTA2009 s. 406-408
HMRC Guidance – CFM37240

Partnerships

Legislation/Regulatory – CTA2009 s. 385
HMRC Guidance – CFM73240

Persons indirectly standing in position of creditor

Legislation/Regulatory – CTA2009 s. 412
HMRC Guidance – CFM37230

Pre-1 October 2002

Legislation/Regulatory – CTA2009 Sch. 2, para. 59, 60

Loss relief, cap on

Commentary – Key Data ¶2-610

Market value, meaning

Legislation/Regulatory – ITTOIA2005 s. 460
HMRC Guidance – SAIM3030 ; SAIM3140

Meaning

Commentary – Tax Reporter ¶337-050
Legislation/Regulatory – ITTOIA2005 s. 430
HMRC Guidance – CFM1107 ; CFM82250 ; SAIM2230 ; SAIM3020 ; SAIM3040

Non-resident trustees

Legislation/Regulatory – ITTOIA2005 s. 458
HMRC Guidance – SAIM3080 ; SAIM3120

Person liable

Legislation/Regulatory – ITTOIA2005 s. 429

Priority of charge

Commentary – Tax Reporter ¶337-100

Qualifying corporate bonds

Legislation/Regulatory – TCGA92 s. 117(2AA), (6C)

Redemption period, meaning

Legislation/Regulatory – ITTOIA2005 s. 430(3)

Securities issued in separate tranches

Legislation/Regulatory – ITTOIA2005 s. 434, 435, 436
HMRC Guidance – SAIM3060

Securities which are not deeply discounted securities

Legislation/Regulatory – ITTOIA2005 s. 432

Share, meaning

Legislation/Regulatory – ITTOIA2005 s. 460

Strips

– see also Government securities

Generally

Commentary – Tax Reporter ¶337-350

Tax advantage, meaning

Legislation/Regulatory – ITTOIA2005 s. 460

Transfer of assets abroad

Legislation/Regulatory – ITTOIA2005 s. 459
HMRC Guidance – SAIM3120

Trustees

Legislation/Regulatory – ITTOIA2005 s. 457, 458
HMRC Guidance – SAIM3120