Agricultural expenses tax-generated, prevention of relief

Legislation/Regulatory – FA2012 s. 10(5)-(7) ; ITA2007 s. 127B ; Spotlight 13

Annual investment allowance, no relief for tax-generated losses attributable to

Legislation/Regulatory – FA2010 s. 25(5)-(7) ; ITA2007 s. 127A

Business to be commercial or carried on for statutory functions

Legislation/Regulatory – CTA2010 s. 64
HMRC Guidance – CTM80135 ; PIM4235 ; PIM4240

Carry forward of unused losses

Legislation/Regulatory – CTA2010 s. 62(4), (5)
HMRC Guidance – CTM80135 ; PIM4236 ; PIM4238 ; PIM4250

Carry-forward against subsequent profits

Generally

Legislation/Regulatory – ITA2007 s. 118
HMRC Guidance – PIM2058 ; PIM4210 ; PIM4228 ; SACM12057

How relief works

Legislation/Regulatory – ITA2007 s. 119
HMRC Guidance – PIM4210

Company with investment business, cessation of property business

Asset transferred within group

Legislation/Regulatory – CTA2010 s. 700, 701

Generally

Legislation/Regulatory – CTA2010 s. 63, 683, 684, 704, 705

Deduction from general income

Agricultural estates

Legislation/Regulatory – ITA2007 s. 123
HMRC Guidance – PIM4222 ; PIM4224

Applicable amount of loss, meaning

Legislation/Regulatory – ITA2007 s. 122
HMRC Guidance – PIM4228

Business has a relevant agricultural connection, meaning

Legislation/Regulatory – ITA2007 s. 123

Capital allowances

Legislation/Regulatory – ITA2007 s. 123

Claims

Legislation/Regulatory – ITA2007 s. 124
HMRC Guidance – PIM4220

Generally

Legislation/Regulatory – FA2010 s. 25(5)-(7) ; ITA2007 s. 120
HMRC Guidance – CA11160 ; PIM4220 ; PIM4228

How relief works

Legislation/Regulatory – ITA2007 s. 121
HMRC Guidance – PIM4220 ; PIM4222

Loss has a capital allowances connection, meaning

Legislation/Regulatory – ITA2007 s. 123

Furnished holiday lettings

Legislation/Regulatory – CTA2010 s. 65 ; ITA2007 s. 127

Group relief

Legislation/Regulatory – CTA2010 s. 102, 105

How relief is given

Legislation/Regulatory – CTA2010 s. 62(3)
HMRC Guidance – CTM80400 ; PIM4235

Overseas property businesses

Business to be commercial or carried on for statutory functions

Legislation/Regulatory – CTA2010 s. 64

Generally

Legislation/Regulatory – CTA2010 s. 66, 684
HMRC Guidance – PIM4235

Insurance companies

Legislation/Regulatory – CTA2010 s. 67B

Overview

Legislation/Regulatory – FA2010 s. 25(5)-(7) ; ITA2007 s. 117
HMRC Guidance – CTM36505

Post-cessation property relief

Capital gains tax relief

Legislation/Regulatory – ITA2007 s. 126

Generally

Legislation/Regulatory – ITA2007 s. 125

Tax-generated agricultural expenses, prevention of relief

Legislation/Regulatory – FA2012 s. 10(5)-(7) ; ITA2007 s. 127B ; Spotlight 13

Tax-generated losses attributable to annual investment allowance, prevention of relief

Legislation/Regulatory – FA2010 s. 25(5)-(7) ; ITA2007 s. 127A