– see also Stock relief

Accounts

Commentary – Tax Reporter ¶224-000 ; Tax Reporter ¶709-250
HMRC Guidance – BIM33190

Acquisition of properties, group relief

Case Law – New Angel Court Ltd v Adam (HM Inspector of Taxes). [2003] BTC 451 ; New Angel Court Ltd v Adam (HM Inspector of Taxes). [2004] BTC 374

Acquisitions and disposals

Appropriation by trader

Legislation/Regulatory – CTA2009 s. 157
HMRC Guidance – BIM33715 ; BIM55715

Not made in connection with trade

Legislation/Regulatory – CTA2009 s. 159, 160
HMRC Guidance – BIM45160

Supply by trader

Legislation/Regulatory – CTA2009 s. 158
HMRC Guidance – BIM55715

Trading stock, meaning

Legislation/Regulatory – CTA2009 s. 156
HMRC Guidance – BIM33630

Transfer pricing rules, precedence

Legislation/Regulatory – CTA2009 s. 161
HMRC Guidance – BIM33630

Animals

Commentary – Tax Reporter ¶205-200 ; Tax Reporter ¶707-050

Animals treated as

Legislation/Regulatory – CTA2009 s. 50

Appropriation of loss-bearing assets

Case Law – N Ltd v HM Inspector of Taxes (1996) Sp C 90

Appropriations to and from

– see also Appropriation of trading stock

Generally

Commentary – Essential Tax Companion ¶15300 ; Essential Tax Companion ¶5625
Legislation/Regulatory – CTA2009 s. 157 ; SP A32 ; TCGA92 s. 161

Transfer of securities

Legislation/Regulatory – ITA2007 s. 650

Capital items

Commentary – VAT Reporter ¶19-818

Changes in

Acquisitions not made in the course of trade

Legislation/Regulatory – ITTOIA2005 s. 172E

Appropriation by trader

Legislation/Regulatory – ITTOIA2005 s. 172B

Disposals not made in the course of trade

Legislation/Regulatory – ITTOIA2005 s. 172D

Generally

Commentary – Tax Reporter ¶709-400–Tax Reporter ¶709-420
Case Law – Sharkey (H.M. Inspector of Taxes) v. Wernher

Income tax

Legislation/Regulatory – ACCSTDS ; FA2008 s. 37 ; ITTOIA2005 s. 172A-172F
HMRC Guidance – GIM5170

Meaning of trading stock

Legislation/Regulatory – ITTOIA2005 s. 172A

Supplied by trader

Legislation/Regulatory – ITTOIA2005 s. 172C

Transfer pricing rules

Legislation/Regulatory – ITTOIA2005 s. 172F

Civil proceedings for recovery of property

Legislation/Regulatory – PCA2002 Sch. 10, para. 11

Compensation for loss of

Commentary – Tax Reporter ¶220-600 ; Tax Reporter ¶708-720
Case Law – (1) GREEN (H.M. INSPECTOR OF TAXES) v. J. GLIKSTEN & SON, LIMITED. (2) THE COMMISSIONERS OF INLAND REVENUE v. J. GLIKSTEN & SON, LIMITED ; London Investment & Mortgage Co., Ltd. v. Worthington (H.M. Inspector of Taxes) Worthington (H.M. Inspector of Taxes) v. London Investment & Mortgage Co., Ltd. London Investment & Mortgage Co., Ltd. v. Commissioners of Inland Revenue Commissioners of Inland Revenue v. London Investment & Mortgage Co., Ltd. ; ROWNSON, DREW AND CLYDESDALE, LTD. v. THE COMMISSIONERS OF INLAND REVENUE. ; THE COMMISSIONERS OF INLAND REVENUE v. NEWCASTLE BREWERIES, LTD.

Depreciation

Commentary – Tax Reporter ¶224-000 ; Tax Reporter ¶709-260
HMRC Guidance – BIM33190
Case Law – Revenue & Customs Commissioners v William Grant & Sons Distillers Ltd; Small (HMIT) v Mars UK Ltd. [2007] BTC 315 ; Revenue and Customs Commissioners v William Grant & Sons Distillers Ltd. [2005] BTC 483 ; Small (HM Inspector of Taxes) v Mars UK Ltd. [2005] BTC 236

Estates in administration

Commentary – Tax Reporter ¶365-675
Case Law – Moore (H.M. Inspector of Taxes) v. R.J. Mackenzie & Sons Ltd. Commissioners of Inland Revenue v. R.J. Mackenzie & Sons Ltd.

Farmers

Commentary – Essential Tax Companion ¶6315

Fixed capital, distinction

Commentary – Tax Reporter ¶224-150 ; Tax Reporter ¶709-290

Gifts to charities

Commentary – Tax Reporter ¶226-650 ; Tax Reporter ¶716-670
Case Law – Sharkey (H.M. Inspector of Taxes) v. Wernher

Gifts to charities and educational establishments

Designated educational establishment, meaning

Legislation/Regulatory – CTA2009 s. 106

Generally

Commentary – Hardman's Tax Rates and Tables ¶2-620
Legislation/Regulatory – CTA2009 s. 106 ; ITTOIA2005 s. 108 ; SI 1998/1868

Medical supplies and equipment

Legislation/Regulatory – CTA2009 s. 107

Receipt of benefits by donor or connected person

Legislation/Regulatory – CTA2009 s. 108

Gifts to educational establishments

Commentary – Tax Reporter ¶226-700 ; Tax Reporter ¶716-670
Case Law – Sharkey (H.M. Inspector of Taxes) v. Wernher

Gilt-edged securities as

– see Government securities

Groups of companies

Generally

Case Law – Coates (HMIT) v. Arndale Properties Ltd. [1982] BTC 227

Loss on sale of transferred properties

Case Law – Property Dealing Co v HM Inspector of Taxes (2003) Sp C 360

Transfers within, tax avoidance

Case Law – Coates (H.M. Inspector of Taxes) v. Arndale Properties Ltd. Reed (H.M. Inspector of Taxes) v. Nova Securities Ltd. [1984] BTC 5 ; Coates (H.M. Inspector of Taxes) v. Arndale Properties Ltd. [1984] BTC 438 ; Reed (H.M. Inspector of Taxes) v. Nova Securities Ltd. [1982] BTC 300 ; Reed (H.M. Inspector of Taxes) v. Nova Securities Ltd. [1985] BTC 121

Groups of companies acquisitions and disposals within, chargeable gains

Commentary – Essential Tax Companion ¶36235

Items not traded

Commentary – Tax Reporter ¶224-050

Lending

– see Stock lending

Livestock

Commentary – Essential Tax Companion ¶6315

Meaning

Commentary – Tax Reporter ¶224-050 ; Tax Reporter ¶709-270

Offshore funds

Legislation/Regulatory – SI 2009/3001 reg. 26

Personal use

– see Appropriation of trading stock

Private use by trader

Legislation/Regulatory – SP A32

Property acquired to gain tax relief

Commentary – Tax Reporter ¶224-050

Sale after business ceases

Commentary – Tax Reporter ¶203-100
Case Law – (1) SETHIA v. JOHN (H.M. INSPECTOR OF TAXES) (2) SETHIA v. COMMISSIONERS OF INLAND REVENUE ; BAKER (AS LIQUIDATOR OF FIRST NATIONAL PATHE, LTD.) v. COOK (H.M. INSPECTOR OF TAXES) ; COMMISSIONERS OF INLAND REVENUE v. NELSON ; PARKER v. BATTY (H.M. INSPECTOR OF TAXES) BATTY (H.M. INSPECTOR OF TAXES) v. PARKER ; SOUTHERN (H.M. INSPECTOR OF TAXES) v. COHEN'S EXECUTORS

Substantial shareholdings exemption

Legislation/Regulatory – TCGA92 Sch. 7AC, para. 36

Time at which goods enter into stock

Commentary – Tax Reporter ¶224-200 ; Tax Reporter ¶709-300

Transactions in land

Commentary – Tax Reporter ¶304-070
Case Law – Winterton v. Edwards (H.M. Inspector of Taxes) Byfield v. Edwards (H.M. Inspector of Taxes)

Transfer pricing

Commentary – Tax Reporter ¶709-410 ; Tax Reporter ¶773-820
Legislation/Regulatory – TIOPA2010 s. 180
HMRC Guidance – INTM255650 ; INTM440030

Transfers

At an undervalue

– see Transfers at undervalue

Post-cessation receipts

Commentary – Tax Reporter ¶223-120
Legislation/Regulatory – CTA2009 s. 195

Special situations

Commentary – Tax Reporter ¶709-450

Within a group

Legislation/Regulatory – TCGA92 s. 173

Transport transfer schemes

– see Transport transfer schemes

Valuation

– see Valuation of stock; Valuation; Valuation of trading stock

Valuation, transfer on cessation of trade

Commentary – Hardman's Tax Rates and Tables ¶2-260