Bloodstock breeders

Calculation

Cap on relief

Claims and time-limits

Commencement/cessation of trade

Companies

Group relief

Meaning

Offset against current profits

Offset against future profits

Offset against previous profits

Pre-trading expenditure

Terminal trading losses

Corporation tax

Agreements to forgo tax relief

Carry-forward against future trading profits

Change in company ownership

Change in trader without change of ownership

Claims and time-limits

Continuity of trade

Controlled foreign companies

Farming and market gardening

Group relief

Non-resident companies receiving tax-exempt income

Oil extraction activities

Set-off against profits of earlier periods

Set-off against profits of the same period

Terminal losses

Uncommercial trades

Write-off of Government investment

Generally

Hobby farming

Limited partnerships

National Insurance contributions

Overview

Partnerships

Property income

Relief

– see Loss relief

Self-assessment

Terminal losses

Time limits for elections and claims

Trade carried on abroad

Treated as allowable capital losses

Types of relief