'just and reasonable basis'

Commentary – Essential Tax Companion ¶5710

Accelerate adjustment income by making an election

Commentary – Tax Reporter ¶290-500

Accounting

Capital receipts

Legislation/Regulatory – FA2013 Sch. 4, para. 19, 20 ; ITTOIA2005 s. 95A, 96A, 106D

Generally

Legislation/Regulatory – FA2013 Sch. 4, para. 13 ; ITTOIA2005 s. 56A

Interest payments on loans

Legislation/Regulatory – FA2013 Sch. 4, para. 14 ; ITTOIA2005 s. 57B

Adjustment income

Generally

Legislation/Regulatory – FA2013 Sch. 4, para. 36, 52 ; ITTOIA2005 s. 227A

Spreading on leaving cash basis

Legislation/Regulatory – FA2013 Sch. 4, para. 37 ; ITTOIA2005 s. 239A, 239B

Amounts not reflecting commercial transactions

Capital receipts

Legislation/Regulatory – ITTOIA2005 s. 106D

Generally

Legislation/Regulatory – FA2013 Sch. 4, para. 23 ; ITTOIA2005 s. 106A-106C

Gifts to charities etc.

Legislation/Regulatory – ITTOIA2005 s. 106E

Annual investment allowance

Legislation/Regulatory – CAA2001 s. 66A

Available to foreign resident individuals

Commentary – Essential Tax Companion ¶5505

Averaging profits of farmers and creative artists

Legislation/Regulatory – FA2013 Sch. 4, para. 32 ; ITTOIA2005 s. 221A

Barristers or advocates

Legislation/Regulatory – FA2013 Sch. 4, para. 57
HMRC Guidance – BIM70080 ; BIM70085 ; BIM70090

Calculating profits on

Generally

Commentary – Tax Reporter ¶206-487 ; Tax Reporter ¶290-380
HMRC Guidance – BIM70005

Receipts and expenses

Commentary – Tax Reporter ¶206-488
HMRC Guidance – BIM70020

Restricting expenses

Commentary – Tax Reporter ¶206-489

Capital allowances

Adjustments on entering cash basis

Legislation/Regulatory – FA2013 Sch. 4, para. 38 ; ITTOIA2005 s. 240A-240E

Assets not fully paid for

Legislation/Regulatory – ITTOIA2005 s. 240D

Generally

Commentary – Tax Reporter ¶290-515
Legislation/Regulatory – CAA2001 s. 1(4), 661

Plant and machinery allowances

Legislation/Regulatory – CAA2001 s. 66A ; FA2013 Sch. 4, para. 48

Successions, connected persons

Legislation/Regulatory – ITTOIA2005 s. 240E

Unrelievable qualifying expenditure

Legislation/Regulatory – CAA2001 s. 59(4)-(7) ; FA2013 Sch. 4, para. 38, 47 ; ITTOIA2005 s. 240C

Capital receipts

Legislation/Regulatory – FA2013 Sch. 4, para. 19, 20 ; ITTOIA2005 s. 95A, 96A, 106D

Care, qualifying care receipts

Legislation/Regulatory – FA2013 Sch. 4, para. 42 ; ITTOIA2005 s. 805(4)-(6)

Chargeable gains

Disposals made by persons leaving cash basis

Legislation/Regulatory – TCGA92 s. 47B

Exemption for disposals

Legislation/Regulatory – FA2013 Sch. 4, para. 45 ; TCGA92 s. 47A

Commencement

Legislation/Regulatory – FA2013 Sch. 4, para. 56, 57

Compensation for compulsory slaughter of animals

Legislation/Regulatory – FA2013 Sch. 4, para. 33 ; ITTOIA2005 s. 225ZAA

Deductions

Capital expenditure

Legislation/Regulatory – FA2013 Sch. 4, para. 8 ; ITTOIA2005 s. 33A

Generally

Legislation/Regulatory – FA2013 Sch. 4, para. 7, 49, 50 ; ITTOIA2005 s. 32A

Incidental costs of obtaining finance

Legislation/Regulatory – FA2013 Sch. 4, para. 15 ; ITTOIA2005 s. 58
HMRC Guidance – BIM24450 ; BIM35030 ; BIM35575 ; BIM35580 ; BIM37005 ; BIM37020 ; BIM38300 ; BIM45800 ; BIM45801 ; BIM45815 ; BIM45820 ; BIM45825 ; INTM267130 ; PIM2105

Interest payments on loans

Legislation/Regulatory – FA2013 Sch. 4, para. 10 ; ITTOIA2005 s. 51A

Payroll deduction schemes, agents' expenses

Legislation/Regulatory – FA2013 Sch. 5, para. 16 ; ITTOIA2005 s. 72
HMRC Guidance – BIM45195 ; BIM75000

Share schemes, costs of setting up

Legislation/Regulatory – FA2013 Sch. 4, para. 17 ; ITTOIA2005 s. 94A

Tenants under taxed leases

Legislation/Regulatory – FA2013 Sch. 4, para. 13 ; ITTOIA2005 s. 56A

Trade tools

Legislation/Regulatory – FA2013 Sch. 4, para. 13 ; ITTOIA2005 s. 56A

Eligibility

Condition A – relevant maximum

Commentary – Tax Reporter ¶206-483

Condition B – multiple trades, professions or vocations

Commentary – Tax Reporter ¶206-484

Condition C – excluded persons

Commentary – Tax Reporter ¶206-485

Effect of making an election

Commentary – Tax Reporter ¶206-486 ; Tax Reporter ¶290-365
HMRC Guidance – BIM70055

Generally

Commentary – Tax Reporter ¶206-482 ; Tax Reporter ¶290-305

Eligibility to calculate profits on

Calculation of profits

Legislation/Regulatory – ITTOIA2005 s. 271A-271E, 272ZA, 272A, 273-274 ; ITTOIA2005 s. 31E

Conditions to be met

Legislation/Regulatory – ITTOIA2005 s. 31A

Effects of election

Legislation/Regulatory – ITTOIA2005 s. 31D

Excluded persons

Legislation/Regulatory – ITTOIA2005 s. 31C

Generally

Legislation/Regulatory – FA2013 Sch. 4, para. 2-5 ; ITTOIA2005 s. 25A, 31F

Relevant maximum

Legislation/Regulatory – ITTOIA2005 s. 31B

Excluded persons

Commentary – Tax Reporter ¶290-350

Expenditure normally specifically allowable

Commentary – Tax Reporter ¶206-490

Generally

Commentary – Tax Reporter ¶206-481 ; Tax Reporter ¶290-290 ; Essential Tax Companion ¶5505 ; Essential Tax Companion ¶60130
HMRC Guidance – BIM70000

Herd basis rules

Legislation/Regulatory – FA2013 Sch. 4, para. 24 ; ITTOIA2005 s. 111A

Industrial development grants

Legislation/Regulatory – FA2013 Sch. 4, para. 22 ; ITTOIA2005 s. 105
HMRC Guidance – BIM40451 ; BIM70020

Interest payments relief

Legislation/Regulatory – FA2013 Sch. 4, para. 55 ; ITA2007 s. 384B

Know-how, disposal and acquisition

Legislation/Regulatory – FA2013 Sch. 4, para. 31 ; ITTOIA2005 s. 31, 191A

Loan interest

Commentary – Tax Reporter ¶290-440

Long funding leases

Legislation/Regulatory – FA2013 Sch. 4, para. 27 ; ITTOIA2005 s. 148ZA

Loss relief

Generally

Legislation/Regulatory – FA2013 Sch. 4, para. 54 ; ITA2007 s. 64, 72
HMRC Guidance – BIM62605 ; BIM84210 ; BIM85010 ; BIM85015 ; BIM85020 ; BIM85025 ; BIM85030 ; BIM85045 ; BIM85050 ; BIM85055 ; BIM85070 ; BIM85075 ; BIM85080 ; BIM85701 ; BIM85735 ; BIM85750 ; BIM85760 ; BIM85765 ; CG21000 ; CTM40200 ; EM6413 ; INTM165240 ; LLM5380 ; LLM6090 ; LLM6150 ; NIM24610 ; PIM4130 ; SACM10030 ; SACM11005 ; VCM74040

No relief where cash basis used to calculate losses

Legislation/Regulatory – FA2013 Sch. 4, para. 54 ; ITA2007 s. 74E

Meaning of

Commentary – Tax Reporter ¶206-481
HMRC Guidance – BIM70000

Oil activities

Legislation/Regulatory – FA2013 Sch. 4, para. 34 ; ITTOIA2005 s. 225ZH

Partnerships, application to

Commentary – Tax Reporter ¶290-335

Periods of account

Legislation/Regulatory – FA2013 Sch. 4, para. 43 ; ITTOIA2005 s. 820(2)

Post-cessation receipts

Legislation/Regulatory – FA2013 Sch. 4, para. 39 ; ITTOIA2005 s. 246(2A), 254(2A)

Receipts and expenses

Commentary – Tax Reporter ¶290-395
HMRC Guidance – BIM70020

Relevant maximum

Commentary – Tax Reporter ¶290-320

Rent-a-room relief

Legislation/Regulatory – FA2013 Sch. 4, para. 40 ; ITTOIA2005 s. 786(5)-(7)

Restricting expenses

Commentary – Tax Reporter ¶290-410

Sideways relief and capital gains relief, restriction

Commentary – Tax Reporter ¶290-545

Simplified expenses

Commentary – Tax Reporter ¶290-560

Sound recordings

Legislation/Regulatory – FA2013 Sch. 4, para. 25 ; ITTOIA2005 s. 130A

Specific trades

Legislation/Regulatory – FA2013 Sch. 4, para. 28 ; ITTOIA2005 s. 148K

Tax relief on loans to buy plant or machinery

Commentary – Tax Reporter ¶290-530

Telecommunication rights

Legislation/Regulatory – FA2013 Sch. 4, para. 26 ; ITTOIA2005 s. 144A

Trading stock

Changes in

Legislation/Regulatory – FA2013 Sch. 4, para. 29 ; ITTOIA2005 s. 172AA

Value on cessation of trade

Legislation/Regulatory – FA2013 Sch. 4, para. 21 ; ITTOIA2005 s. 97A

Transitional provisions

Legislation/Regulatory – FA2013 Sch. 4, para. 56, 57

Transitional rule when changing accounting basis

Barristers and advocates

Commentary – Tax Reporter ¶206-496

Capital allowances

Commentary – Tax Reporter ¶206-495

Election to accelerate the adjustment income

Commentary – Tax Reporter ¶206-494

Entering the cash basis

Commentary – Tax Reporter ¶206-492 ; Tax Reporter ¶290-470

Generally

Commentary – Tax Reporter ¶206-491 ; Tax Reporter ¶290-455

Leaving the cash basis

Commentary – Tax Reporter ¶206-493 ; Tax Reporter ¶290-485

Transitional rules apply to business entering or leaving

Commentary – Essential Tax Companion ¶5505

Unremittable amounts

Legislation/Regulatory – FA2013 Sch. 4, para. 30 ; ITTOIA2005 s. 30, 188A

Work in progress, value on cessation of trade

Legislation/Regulatory – FA2013 Sch. 4, para. 21 ; ITTOIA2005 s. 97B