Trading companies
Computation of profits or losses, currency to be used
Functional currency
Parts of trades
Sterling
Definition
Case Law –
Lord (HM Inspector of Taxes) v. Tustain; Lord (HM Inspector of Taxes) v. Chapple. [1993] BTC 447
Generally
Losses on unquoted/unlisted shares
– see Losses
Meaning
HMRC Guidance –
INTM217020
;
INTM254410
;
INTM254810
;
VCM70130
;
VCM71010
;
VCM72040
;
VCM74330
;
VCM74640
;
VCM75000
;
VCM75100
;
VCM75110
;
VCM75120
Offshore funds, investments, pre-July 2004
Commentary –
Tax Reporter ¶784-610
Purchase of own shares
Taper relief
Legislation/Regulatory –
IRInt. 220