Amount of income, determination

Adjustment to basic amount, 75 per cent subsidiaries

Adjustment to basic amount, consortium relationships

Generally

Migration

Negative basic amount

Partnerships

Anti-avoidance provisions

Balance sheet amounts, no liabilities

Expenses, restriction on relief

Increases and decreases in balance sheet amounts, disregard

Loss amount, restrictions

Profit transfers, disallowance of deductible amount

Associated company

Business of leasing plant or machinery

Generally

Partnerships

Relevant plant or machinery value

Determination of ascribed value of plant or machinery

Disposal value, right to income retained

Generally

Income and matching expense in different accounting periods

Amount of

Carry-back of expense, prevention

Carry-forward of expense to later accounting periods

Generally

Interpretation

Partnerships

Amount of expense

Amount of income

Associated company

Business of leasing plant or machinery

Carry-forward of expense to later accounting periods

Determination of ascribed value of plant or machinery

Generally

Profits and loss

Qualifying change in company's interest in a business

Qualifying change in partner company's interest in business

Qualifying change of ownership

Qualifying change of ownership

Artificial losses or reductions in profits

Capital allowances, limit on

Certain intra-group reorganisations

Companies owned by consortiums and members of consortiums

Consortium relationships

Election for alternative treatment

Generally

Meaning

Plant and machinery leasing

Principal company's interest in consortium unchanged

Qualifying 75 per cent subsidiaries

Relevant change in relationship

Restriction on use of losses

Tonnage tax group, company joining

Transfers into and out of lessor company

Unallowable purposes

Restriction on use of losses

Successions, restriction on effect of election

Value of lease

Value of plant or machinery, determination of ascribed value