Assets not fully paid for

Calculating profits

Application of rules

Cash basis


HMRC guidance

Special rules

Unrelieved qualifying expenditure

Cap on income tax relief

Capital allowances

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

First-year tax credits

Cash basis: adjustment for capital allowances

Charge on


Charge on UK and overseas property business

Commencement of

Definition of

Furnished holiday lettings

Income from

Insurance companies

Intangible assets, credits and debits

Losses attributable to annual investment allowances

More than one business

Non-resident companies carrying on UK

Ordinary overseas property business

Plant and machinery allowances, ordinary UK property business


Use for other purposes

Restricted finance deductions

Set off of trade losses against computation of profits

Tax charge

Tax reduction for finance costs attributable to dwelling house

Unincorporated, consultation on the cash basis for