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    Corporation tax - What is a business activity? - Trades - Specified activities - Property rental - 2185

    Property rental income is generally assessable as property income (¶7000+). However, certain receipts may be treated as trading income where they are ancillary to an existing trade and arise...

    Corporation tax - Chargeable profits - Trading income and expenses - Trading expenses - Wholly and exclusively - 3365

    Expenditure will be deductible if it is incurred wholly and exclusively for the purposes of the trade. There can be no duality of purpose (but see ¶3370 for the ability to apportion). The only...

    Corporation tax - Capital allowances - Plant and machinery - II. Pools - Allocation of expenditure - Special rate pool - Long life assets - Definition - 4605

    Specifically excluded from long life asset treatment are: - cars; and - plant and machinery used wholly or mainly in a building used as an office, showroom, hotel, retail shop or dwelling house. Ships...

    Income tax - Income from UK land and property - Taxable profits - Revenue expenditure - 23410

    The principles discussed at ¶3355 - ¶3685 also apply to property businesses. In addition, where a rental property is temporarily empty (for example, between tenancies), expenditure incurred...

    Income tax - Income from UK land and property - Other special situations - Surplus business accommodation - 23655

    Where a trader receives rental income from the letting of surplus business accommodation, this may be included in the trading profit calculation. This is only possible where the: - accommodation...

    Income tax - Employment income - Expenses and benefits - II. Benefits in kind - Non-taxable benefits - Summary - 27280

    The following table provides a summary of the benefits which are not taxable on any employee. General area Specific benefit Basic conditions Reference ¶¶ Trivial benefits Any, other than cash...

    Income tax - Employment income - Expenses and benefits - II. Benefits in kind - Taxable benefits - Living accommodation - 27465

    Living accommodation is not specifically defined but is taken to mean all kinds of residential accommodation with the exception of overnight accommodation, a stay in a hotel room, or board and lodging....

    Income tax - Overseas issues - Status of the taxpayer - Residence - The sufficient ties test - Accommodation tie - 34100

    An accommodation tie means that: - the individual has a place to live in the UK; - that place is available for a continuous period of 91 days or more during the tax year; and - the individual...

    PAYE and NIC - National Insurance contributions - Contributions for employees - Class 1 contributions - Income liable - Items included in earnings - 43230

    Remuneration Detail Earnings for Class 1 NIC purposes Taxable Wages, salary, overtime and bonuses ✓ ✓ Inducement payments (¶26480+) ✓ ✓ Restrictive covenant payments subject to income...

    Capital gains tax - General principles - When will there be a chargeable gain? - Chargeable person - Disposals of UK residential property by non-residents - 45230

    With effect from 6 April 2015, capital gains tax applies to disposals of UK residential property interests by non- residents. - A residential property interest is, broadly, land which consists...