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Map of the Income Tax (Trading and Other Income) Act Compiled by John Jeffrey-Cook, CTA (Fellow), FCA, FCIS, ATT This map is a. Income Tax (Trading and Other Income) Act Part 1 Overview (ss ) · Part 2 Trading income (ss ) · Part 3 Property income (ss ) · Part 4. The Income Tax (Trading and Other Income) Act (c 5) is an Act of the Parliament of the United Kingdom. It restated certain legislation relating to income tax.

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Omit 20005 21 persons chargeable and basis of assessment under Hiring cars but not motor cycles with low carbon dioxide emissions. Changes and effects yet to be applied to the whole Act associated Parts and Chapters: Alternative basis of calculation in early years of practice. Approval of local enterprise agencies. In section 2 business entertainment and gifts: Priority between Chapters within Part 4.

Dependent on the legislation item being viewed this may include:. Debts released after cessation. This section lists the commencement orders yet to be applied to the whole Act.

Income Tax (Trading and Other Income) Act 2005

Chapter 4 Certain telecommunication rights: Chargeable events where annual calculations show gains. Where applicable the commencement orders are listed under two headings, firstly those that bring some part of the Act you are viewing into force and secondly, those that bring into force legislation that affects some part of the legislation you are viewing.


Charge to tax on income from disposals of know-how.

Basic amount of estate income: Statement of accuracy for purposes of section Changes and effects yet to be applied to: In section 1 deductions from profits of contributions paid under Restriction on deductions etc.

Information about effective duration of lease.

Provisions which must be given priority over Part 2. Interest on certain deposits of victims of National-Socialist persecution. They appear at the foot of the relevant provision or under the associated heading.

Chapter 4 Trade profits: Expenditure to which this Chapter applies.

Income Tax (Trading and Other Income) Act

Omit section schemes for employees and directors to acquire Charge to tax on estate income. Omit section patent income to be earned income in Determination of questions by Commissioners. In section 3 limitations on charges on shares ceasing to After section insert— Extension of section Lessor under long funding finance lease: Chapter 18 Post-cessation receipts. Omit section 95A creative artists: Transfer of trading stock or work in progress. For section losses from trade etc carried on abroad Expenses previously brought into account.

Explanatory Notes Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act itoia to readers who are not legally qualified.


Requirement for annual calculations in relation to personal portfolio bonds 9. In section 98 1 tied premises: The Schedules you have selected contains over ittoa and might take some time to 2050.

Income Tax (Trading and Other Income) Act – Wikipedia

Sale basis of valuation: Treatment of adjustment income and adjustment expense. This section lists the commencement orders yet to be applied to the whole Act. All content is available under the Open Government Licence v3. Tax year in which there is no accounting date.

Spreading on ending of exemption for barristers and advocates. Income tax treated as paid.

Disregard of some events after alterations of life insurance policy terms. In section 91B waste: Last payment under guaranteed income bonds etc.

ITTOIA 2005 (reg. 36)

This section lists the changes and effects yet to be applied to the whole Act, associated Parts and Chapters where applicable.

Exception for gifts to charities. In section 82B 1 payments to research associations, universities etc. In section 2 ring fence trade a separate qualifying activity — Expenditure on integral features. Power to modify this Chapter for strips.