Accounting

Anti-avoidance rules

Application

Computation of tax

Definitions and explanation of terms

Generally

Purpose of

Schemes coming within post-26 November 1996

Tax treatment

Triggering conditions

Bad debt relief

Capital allowances

Generally

Long funding leases

Patents

Capital-allowance entitlement

Chargeable gains

Computation of tax

Deductions

Definition

Generally

Intangible fixed assets

Long funding leases

Meaning

Mineral extraction allowances

No gain/no loss assignments

Normal rental and accountancy rental excesses

Operating lease

Meaning

Post-26 November 1996

Schedule A receivable basis

Schedule D receivable basis

Statement of Standard Accounting Practice (SSAP 21)

Tonnage tax