C

    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 - Chargeable gains - General principles - 9000

    The basic principles involved in calculating chargeable gains are common to both individuals and companies (¶45000+). There are a number of further provisions relating only to companies, and...

    Corporation tax - Chargeable gains - Computational aspects - 9060

    As the capital gains tax rules, within which gains and losses for companies are calculated, have changed so much over time, there are particular choices to be made with regards to the value of...

    Corporation tax - Chargeable gains - Particular situations - Summary - 9540

    Transaction ¶¶ No gain/no loss disposals ¶9550+ Appropriations to/from trading stock ¶9605+ Change of residence ¶9645+ Non-resident company disposing of UK land ¶9670+ Liquidation ¶9685...

    Corporation tax - Chargeable gains - Particular situations - Disposals of assets with heldover gains - 9715

    In some cases a company may receive, and then dispose of, an asset where a gain has been subject to gift relief (¶51550+) or rollover relief (¶51230+). The heldover or rolled over gain will...

    Corporation tax - Chargeable gains - Shares and securities - 9765

    Shares and securities are subject to a number of special rules. For companies only, certain disposals of shares are exempt from tax. Shares which do not fall within this exemption give rise to chargeable...

    Corporation tax - Chargeable gains - Anti-avoidance - 10060

    To prevent companies undertaking artificial transactions to avoid tax, anti-avoidance provisions apply in the following circumstances: - depreciatory transactions; - dividend stripping; and - manipulation...

    Corporation tax - Computation - Losses - Capital losses - 11295

    Where a company has incurred capital losses in an accounting period, the losses are automatically set against chargeable gains of the same period. Any excess is then carried forward and set against future...

    Corporation tax - Groups of companies - Group companies - Transfers of chargeable assets - No gain/no loss transfer - 13460

    Transfers of chargeable assets within a 75% CG group (intra-group transfers) must be treated as no gain/no loss disposals (¶9550). This means that the disposing company is deemed to sell the...

    Corporation tax - Groups of companies - Group companies - Tax payments - Group liability for tax of group members - 13885

    Members of a group of companies are responsible for unpaid tax of fellow members in certain circumstances. A liability may arise where tax is unpaid: - by a non-resident company; or - in respect...