– see also Valuation

Aggregate, ascertainment of

Legislation/Regulatory – OTA75 Sch. 3, para. 3

Appeals

– see Appeals

Assumptions in determining

Legislation/Regulatory – OTA75 Sch. 3, para. 2(2)

Average price compared with

Legislation/Regulatory – OTA75 Sch. 2, para. 14(4)

Category 1 oil

Legislation/Regulatory – FA2006 s. 147 ; OTA75 Sch. 3, para. 2(2) ; SI 2006/3313 reg. 3-16

Category 2 oil

Legislation/Regulatory – FA2006 s. 147 ; OTA75 Sch. 3, para. 2(2AA) ; SI 2006/3313 reg. 17-24

Compensation or damages

Legislation/Regulatory – ESC D33

Connected companies market value rule

Examples

Commentary – Stamp Taxes Reporter ¶41-915

Exceptions

Commentary – Stamp Taxes Reporter ¶41-910

Market value

Commentary – Stamp Taxes Reporter ¶41-920

Meaning of connected persons

Commentary – Stamp Taxes Reporter ¶41-905

Statutory provisions

Commentary – Stamp Taxes Reporter ¶41-900

Connected persons, transactions between

Legislation/Regulatory – TCGA92 s. 18(6)
HMRC Guidance – CG14565

Crude oil

Legislation/Regulatory – OTA75 s. 2(5), (5A)

Deeply discounted securities

Legislation/Regulatory – ITTOIA2005 s. 440, 441

Determination of

Legislation/Regulatory – FA2006 s. 147 ; OTA75 Sch. 3, para. 1A

Different persons, oil disposed of to

Legislation/Regulatory – OTA75 Sch. 3, para. 2(3)

Employment-related securities

– see Employment-related securities

Employment-related securities, disposal for more than market value

Case Law – Gray's Timber Products Ltd v Revenue and Customs Commissioners. [2009] BTC 589 ; Grays Timber Products Ltd v Revenue and Customs Commissioners. [2010] BTC 112

Employment-related share options

Commentary – Tax Reporter ¶564-000

Estates in administration

Commentary – Tax Reporter ¶367-250
HMRC Guidance – IHTM18093

Ethane used for petrochemical purposes

Legislation/Regulatory – FA82 Sch. 18

Exclusion of

Legislation/Regulatory – OTA75 Sch. 3, para. 7

Exercise of option

Legislation/Regulatory – TCGA92 s. 144ZA, 144ZB, 144ZC, 144ZD

Exploration and appraisal, reduction of expenditure allowance

Legislation/Regulatory – OTA75 s. 5A(5B)

Gas, oil consists of or includes

Legislation/Regulatory – OTA75 Sch. 3, para. 2A(1), (2)

Generally

Legislation/Regulatory – IHTA84 s. 140(2), 160
HMRC Guidance – IHTM04045 ; IHTM04376 ; IHTM06033 ; IHTM09703 ; IHTM09714 ; IHTM18091 ; IHTM18131 ; IHTM19070 ; IHTM20083 ; IHTM20211 ; IHTM20231 ; IHTM20425 ; IHTM20652 ; IHTM20653 ; IHTM20656 ; IHTM21001 ; IHTM21041 ; IHTM23001 ; IHTM24165 ; IHTM25101 ; IHTM25102 ; IHTM27054 ; IHTM28084 ; IHTM28392 ; IHTM36275 ; IHTM37091 ; IHTM37092 ; IHTM44002 ; IHTM46054 ; LLM8270 ; SVM108080 ; SVM113010 ; SVM114030

Gross profit or loss

Legislation/Regulatory – OTA75 s. 2(4)

Information relating to

Generally

Legislation/Regulatory – FA84 s. 115

Offences and penalties

Legislation/Regulatory – FA84 s. 116

Initial treatment, oil subjected to

Legislation/Regulatory – OTA75 Sch. 3, para. 2(3A)

Land reflecting development value held on 6 April 1965

Legislation/Regulatory – TCGA92 Sch. 2, para. 10

Light gases

Legislation/Regulatory – FA86 s. 109, Sch. 21 ; FA94 s. 236 ; OTA75 Sch. 3, para. 3A

Manipulation of

Commentary – Dalby on Employee Share Schemes - Equity Reward for Private Companies 4.2.4

Meaning

Legislation/Regulatory – ICTA88 s. 596B(10), 759(9), 761(6) ; OTA75 s. 5A(5C), Sch. 3, para. 2
HMRC Guidance – TSEM3250

Monthly basis

Legislation/Regulatory – FA2008 s. 106 ; FA87 s. 62 ; OTA75 Sch. 3, para. 2
HMRC Guidance – OT04095 ; OT18570 ; OT19200 ; OT19225

Natural gas, consents where oil consists of or includes

Legislation/Regulatory – OTA75 Sch. 3, para. 2A(4)

Non-commercial increases in

Commentary – Dalby on Employee Share Schemes - Equity Reward for Private Companies 4.2.5

Options

Commentary – Tax Reporter ¶563-750–Tax Reporter ¶563-900

Partnerships

Transfers of partnership interests

Commentary – Stamp Taxes Reporter ¶110-400–Stamp Taxes Reporter ¶110-445

Transfers to partnerships

Commentary – Stamp Taxes Reporter ¶110-300–Stamp Taxes Reporter ¶110-335

Regulations, power to make

Legislation/Regulatory – OTA75 Sch. 3, para. 12

Reserved rights of life annuity, inheritance tax

Case Law – Bower & Anor (Executors of Bower dec'd) v. R & C Commrs (2008) Sp C 665 ; Revenue and Customs Commissioners v Executors of the Estate of Bower & Ors. [2009] BTC 8,106

Separation, initial treatment includes

Legislation/Regulatory – OTA75 Sch. 3, para. 2A(3)

Series of transactions

Generally

Legislation/Regulatory – TCGA92 s. 19

Original market value and aggregate market value

Legislation/Regulatory – TCGA92 s. 20
HMRC Guidance – CG14650 ; CG14653 ; CG16330

Transfers within seven years before death

Commentary – Tax Reporter ¶612-550

Unapproved share schemes

– see Unapproved share schemes

Valuation, general provisions

Legislation/Regulatory – TCGA92 s. 272
HMRC Guidance – CFM46470 ; CG14530 ; CG15770 ; CG16330 ; CG36300 ; CG41571 ; CG50278 ; CG57690 ; CG57692 ; CG57751 ; CG59500 ; CG59514 ; CG59540 ; CG68150 ; CG77000 ; CG77001 ; CG77008 ; CG77016 ; EIM15417 ; ERSM140090 ; ERSM20400 ; ERSM20500 ; ERSM220040 ; ERSM220060 ; ERSM30320 ; ERSM50015 ; ERSM60015 ; ERSM70010 ; ERSM70015 ; ERSM70110 ; ERSM70210 ; ERSM71020 ; ERSM80020 ; SAIM3090 ; SDLTM04140 ; SVM107090 ; SVM114010 ; SVM114020 ; SVM114030 ; VCM56070

Value shifting

– see Value shifting