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    Corporation tax - General principles - Liability to tax - Accounting periods - Long period of account - Other income and deductions - 1170

    The following table summarises how other items are allocated. Type of income/deductions Basis of allocation Non-trading loan relationship credits and debits Not specified by legislation Where possible,...

    Corporation tax - Capital allowances - General principles - 4000

    Expenditure incurred on the acquisition of capital assets is not allowable as a deduction in the calculation of the adjusted profits of a business. Similarly, any depreciation given in the accounts must...

    Corporation tax - Capital allowances - Types of asset - 4295

    Principally there are three categories of assets: - plant and machinery; - buildings; and - intangible assets. Each of these categories are further split but the categorisation between buildings...

    Corporation tax - Capital allowances - Plant and machinery - 4420

    Once an item has been classed as being plant or machinery its treatment will differ based on what particular category it is allocated to. This may result in the asset being held in a pool of expenditure...

    Corporation tax - Capital allowances - Plant and machinery - II. Pools - Allowances available - Annual investment allowance - c. Amount of the allowance - 4810

    The allowance is given at the rate of 100%, up to a maximum amount of expenditure. The maximum level of expenditure covered has changed a number of times since the allowance's introduction, with...

    Corporation tax - Capital allowances - Plant and machinery - IV. Assets for leasing - Long funding leases - Exclusions - 5245

    The following are specifically excluded from the LFL provisions (and are taxed under the non-LFL provisions (¶5400)): - leases that fall within the de minimis limits (¶5250); - short leases...

    Corporation tax - Capital allowances - Buildings - 5560

    Over the years there have been a number of allowances available for buildings. For expenditure incurred on or after 29 October 2018 a new structures and buildings allowance was introduced. The previous...

    Corporation tax - Capital allowances - Sundry capital allowances - 5830

    This section deals with capital allowances of a more specialist nature. Unless otherwise indicated, the general rules for calculating and giving relief for allowances apply (¶4000). For information about...

    Corporation tax - Chargeable gains - Particular situations - No gain/no loss disposals - Transfer or division of UK business - 9570

    The transfer of a UK trade (i.e. a trade carried on by a UK permanent establishment owned by an EU company) to another EU resident company will be treated as a no gain/no loss disposal, provided...

    Corporation tax - Groups of companies - Group companies - Losses - Calculation of the relief - Eligible losses - 13225

    Current year losses eligible for group relief are: - trading losses (¶11095), including excess capital allowances (¶4000); - non-trading loan relationship deficits (¶11255); - non-trading...