Capital sums

Legislation/Regulatory – TCGA92 s. 250(2)
HMRC Guidance – CG73200

Charge to tax

Allowable expenses

Legislation/Regulatory – IHTA84 s. 130(2)
HMRC Guidance – IHTM31492

Amount on which charged

Legislation/Regulatory – IHTA84 s. 127

Credit

Legislation/Regulatory – IHTA84 s. 129

Disposal

Legislation/Regulatory – IHTA84 s. 126(1)

Disposal to spouse

Legislation/Regulatory – IHTA84 s. 126(2)

Rate of charge

Legislation/Regulatory – IHTA84 s. 128

Second charge avoided

Legislation/Regulatory – IHTA84 s. 126(3)

Charitable gifts, lower rate of tax

Legislation/Regulatory – IHTA84 s. 128(2)

Christmas tree plantation

Case Law – Jaggers (t/a Shide Trees) v. Ellis (HM Inspector of Taxes). [1997] BTC 571

Commercial occupation

Exemption from income tax

Legislation/Regulatory – ITTOIA2005 s. 11, 768

Ineligibility of interest for relief

Legislation/Regulatory – ITA2007 s. 411

Not treated as a trade

Legislation/Regulatory – CTA2009 s. 37, 980

Commercial occupation, exemption from tax

Commentary – Tax Reporter ¶300-010 ; Tax Reporter ¶702-200

Computation of gain

Legislation/Regulatory – TCGA92 s. 250(4), (5)
HMRC Guidance – CG73200

Consideration

Legislation/Regulatory – TCGA92 s. 250(1)
HMRC Guidance – CG73200

Corporation tax

Commentary – Tax Reporter ¶711-040

Dealers

Computation of profits

Legislation/Regulatory – ITTOIA2005 s. 156

Purchase or sale of

Legislation/Regulatory – CTA2009 s. 134, Sch. 2, para. 29

Estate duty

Legislation/Regulatory – ESC F15 ; FA75 s. 49(4)

Gifts of business assets

Legislation/Regulatory – TCGA92 s. 165(9)

Income from

Commentary – Schwarz on Tax Treaties ¶18-050

Inheritance tax

Agricultural property relief

Commentary – Tax Reporter ¶660-300

Amount chargeable

Commentary – Tax Reporter ¶653-350

Ancient semi-natural, conditional exemption

Commentary – Tax Reporter ¶650-400

Business property relief

Commentary – Tax Reporter ¶653-450 ; Tax Reporter ¶666-250

Capital transfer tax

Commentary – Tax Reporter ¶653-150

Conditions for relief

Commentary – Tax Reporter ¶653-200

Credit against tax on disposal

Commentary – Tax Reporter ¶653-500

Deferral until subsequent disposal

Commentary – Essential Tax Companion ¶16955

Deferral, rate after

Commentary – Essential Tax Companion ¶16960

Deferral, value after

Commentary – Essential Tax Companion ¶16960

European Economic Area

Commentary – Tax Reporter ¶653-150 ; Tax Reporter ¶658-000

Generally

Commentary – Essential Tax Companion ¶16045 ; Essential Tax Companion ¶16950 ; Tax Reporter ¶363-075 ; Tax Reporter ¶653-150 ; Tax Reporter ¶653-300

Liability for tax payable

Commentary – Tax Reporter ¶653-550

Payment of tax, instalment option

Commentary – Tax Reporter ¶183-225

Planning considerations

Commentary – Tax Reporter ¶653-650

Rate of tax

Commentary – Tax Reporter ¶653-400

Short rotation coppice

Commentary – Tax Reporter ¶658-200
HMRC Guidance – IHTM24051 ; IHTM24063 ; IHTM24064 ; IHTM24065 ; IHTM24066 ; IHTM24068 ; IHTM24250
Case Law – Arnander & Ors (Executors of McKenna dec'd) v. R & C Commrs ; Cottle v Coldicott (HMIT) ; Dixon v IR Commrs ; Higginson's Executors v IR Commrs ; Lloyds TSB (as personal representative of Antrobus dec'd) v IR Commrs ; Rosser v IR Commrs ; Taylor (personal representative of Sosnowski) v IR Commrs ; Wheatley's Executors v IR Commrs ; Williams (Personal Representative of Mary Philomena Williams dec'd) v. R & C Commrs

Interest payable

Commentary – Tax Reporter ¶115-570

Land reflecting development value held on 6 April 1965

Legislation/Regulatory – TCGA92 Sch. 2, para. 13(1)(c)

Liability for tax

Legislation/Regulatory – IHTA84 s. 208

Payment of tax by instalments

Legislation/Regulatory – FA2009 Sch. 53, para. 7 ; IHTA84 s. 229

Profits as timber dealers, basis of assessment

Case Law – Russell (H.M. Inspector of Taxes) v. Hird and Anor. [1983] BTC 354

Purchase or sale, calculation of profits

Legislation/Regulatory – ITTOIA2005 s. 156

Reduction in rate of tax

Legislation/Regulatory – IHTA84 Sch. 2, para. 4

Relief

Amount

Legislation/Regulatory – IHTA84 s. 125(2)(a)

Election for

Legislation/Regulatory – IHTA84 s. 125
HMRC Guidance – IHTM25251 ; IHTM28023 ; IHTM28080 ; IHTM30158 ; IHTM30185 ; IHTM30300 ; IHTM40132 ; IHTM46030

European Economic Area

Legislation/Regulatory – FA2009 s. 122 ; IHTA84 s. 125(1A)

Reduction in rate of tax

Legislation/Regulatory – IHTA84 Sch. 2, para. 4

Transfers on death, relief only available on

Legislation/Regulatory – IHTA84 s. 125(1)

Replacement of business assets

Legislation/Regulatory – TCGA92 s. 158(1)(b)

Short rotation coppice

Commentary – Tax Reporter ¶658-200
Legislation/Regulatory – FA95 s. 154
HMRC Guidance – IHTM24051 ; IHTM24063 ; IHTM24064 ; IHTM24065 ; IHTM24066 ; IHTM24068 ; IHTM24250
Case Law – Arnander & Ors (Executors of McKenna dec'd) v. R & C Commrs ; Cottle v Coldicott (HMIT) ; Dixon v IR Commrs ; Higginson's Executors v IR Commrs ; Lloyds TSB (as personal representative of Antrobus dec'd) v IR Commrs ; Rosser v IR Commrs ; Taylor (personal representative of Sosnowski) v IR Commrs ; Wheatley's Executors v IR Commrs ; Williams (Personal Representative of Mary Philomena Williams dec'd) v. R & C Commrs