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Section 577
FA 1937 | The Finance Act 1937 (c. 54) |
FA 1941 | The Finance Act 1941 (c. 30) |
FA 1956 | The Finance Act 1956 (c. 54) |
FA 1965 | The Finance Act 1965 (c. 25) |
CAA 1968 | The Capital Allowances Act 1968 (c. 3) |
TMA 1970 | The Taxes Management Act 1970 (c. 9) |
FA 1971 | The Finance Act 1971 (c. 68) |
OTA 1975 | The Oil Taxation Act 1975 (c. 22) |
FA 1976 | The Finance Act 1976 (c. 40) |
FA 1982 | The Finance Act 1982 (c. 39) |
FA 1983 | The Finance Act 1983 (c. 28) |
FA 1986 | The Finance Act 1986 (c. 41) |
ICTA | The Income and Corporation Taxes Act 1988 (c. 1) |
FA 1989 | The Finance Act 1989 (c. 26) |
CAA 1990 | The Capital Allowances Act 1990 (c. 1) |
TCGA 1992 | The Taxation of Chargeable Gains Act 1992 (c. 12) |
F(No.2)A 1992 | The Finance (No. 2) Act 1992 (c. 48) |
VATA 1994 | The Value Added Tax Act 1994 (c. 23) |
FA 1995 | The Finance Act 1995 (c. 4) |
FA 1997 | The Finance Act 1997 (c. 16) |
FA 1998 | The Finance Act 1998 (c. 36) |
[F1ITEPA 2003 | The Income Tax (Earnings and Pensions) Act 2003] |
[F2ITTOIA 2005 | The Income Tax (Trading and Other Income) Act 2005] |
Textual Amendments
F1Words in Sch. 1 Pt. 1 inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 723, Sch. 6 para. 255 (with Sch. 7)
F2Words in Sch. 1 Pt. 1 inserted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 574(2) (with Sch. 2)
accounting period | section 12 of ICTA |
additional VAT liability | section 547(1) |
additional VAT rebate | section 547(2) |
adjusted net cost (in Chapter 7 of Part 3) | section 323 |
adjusted net cost (in Chapter 6 of Part 10) | section 522 |
agricultural building | section 361(2)(a) |
approved body (in Part 10) | section 492 |
assured tenancy | section 490(3) |
available qualifying expenditure (in Part 2) | section 57 |
available qualifying expenditure (in Part 7) | section 459 |
available qualifying expenditure (in Part 8) | section 473 |
balancing adjustment (in Part 3) | section 314 |
[F3balancing adjustment (in Part 3A) | section 360M] |
balancing adjustment (in Part 4) | section 380 |
[F4balancing adjustment (in Part 4A) | section 393M] |
balancing adjustment (in Part 10) | section 513 |
balancing event (in Part 3) | section 315 |
[F3balancing event (in Part 3A) | section 360N] |
balancing event (in Part 4) | section 381 |
[F5balancing event (in Part 4A) | section 393N] |
balancing event (in Part 10) | section 514 |
body of persons | section 832(1) of ICTA |
F6. . . | F6. . . |
building (in Part 3—includes structure) | section 271(1) |
capital expenditure | section 4 and (in Chapter 2 of Part 1) section 10(1) |
capital sum | section 4 |
car (in Part 2) | section 81 |
chargeable period | section 6 |
commercial building (in Part 3, in relation to qualifying enterprise zone expenditure) | section 281 |
connected persons (general meaning) | section 575(1) |
connected persons (special extended meaning for certain purposes) | sections 156, 232, 246(2) and 266(5) |
control | section 574 |
the Corporation Tax Acts | section 831(1) of ICTA |
developer, carrying on a trade as (in Chapter 4 of Part 3) | section 293 |
development and development order (in Part 5) | section 436 |
disposal event (in Part 2) | section 60(2) |
disposal event (in Chapter 3 of Part 6) | section 443(7) |
disposal receipt (in Part 2) | section 60 |
disposal receipt (in Part 5) | section 420 |
disposal receipt (in Chapter 3 of Part 8) | section 476(1) |
dredging | section 484(3), (4) |
dual resident investing company | section 577(1) and section 404 of ICTA |
dwelling-house | section 531(1) |
[F7dwelling (in Part 4A) | section 393A(4)] |
enterprise zone (in Part 3) | section 298(3) |
expenditure on the construction of a building (in Part 3) | section 272 |
expenditure on the construction of a building (in Part 4) | section 363 |
expenditure on the construction of a building (in Part 10) | section 493 |
final chargeable period (in Part 2) | section 65 |
final chargeable period (in Part 7) | section 457(5) |
final chargeable period (in Part 8) | section 471(5) and (6) |
first-year qualifying expenditure | Chapter 4 of Part 2 |
fixture (in Part 2) | section 173(1) |
[F8flat (in Part 4A) | section 393A(3)] |
four-year cut-off (in Chapter 9 of Part 2) | section 86(3) |
furnished holiday lettings business (in Part 2) | section 17 |
general development order (in Part 5) | section 436 |
highway concession (in Chapter 9 of Part 3) | section 341(4) |
husbandry (in Part 4) | section 362 |
income from patents (in Part 8) | section 483 and paragraph 101(5) of Schedule 3 |
industrial building | section 271(2) and Chapter 2 of Part 3 |
F9. . . | F9. . . |
interest in an oil licence (in Chapter 3 of Part 12) | section 552(4) |
investment company | section 130 of ICTA |
investment asset (in relation to life assurance business) | section 545(2) |
know-how (in Part 7) | section 452(2) |
lease and related expressions (in Part 3) | section 360 |
[F3lease and related expressions (in Part 3A) | section 360Z4] |
lease and related expressions (in Part 4) | section 393 |
[F10lease and related expressions (in Part 4A) | section 393W] |
lease and related expressions (in Part 10) | section 531 |
life assurance business | section 544(5) and section 431(2) of ICTA |
long-life asset (in Chapter 10 of Part 2) | section 91 |
long-life asset expenditure (in F11... Part 2) | section 90 |
market value | section 577(1) |
mineral asset (in Part 5) | section 397 |
mineral exploration and access (in Part 5) | section 396 |
mineral extraction trade (in Part 5) | section 394(2) |
mineral deposits (in Part 5) | section 394(3) |
normal time limit for amending a tax return | section 577(1) |
notice | section 577(1) |
[F12offshore installation (except in Chapter 13 of Part 2) | section 837C of ICTA] |
oil (in Chapter 3 of Part 12) | section 556(3) |
oil licence (in Chapter 3 of Part 12) | section 552(1) |
ordinary [F13property] business | section 16 |
overseas property business | sections [F1470A(4) and 832(1) of ICTA and Chapter 2 of Part 3 of ITTOIA 2005] |
partial depreciation subsidy | section 209 |
patent rights (in Part 8) | section 464(2) |
planning permission (in Part 5) | section 436 |
proceeds from a balancing event (in Part 3) | section 316 |
[F3proceeds from a balancing event (in Part 3A) | section 360O] |
proceeds from a balancing event (in Part 4) | section 383 |
[F15proceeds from a balancing event (in Part 4A) | section 393O] |
proceeds from a balancing event (in Part 10) | section 515 |
property business | section 577(1) |
public body (in Chapter 1 of Part 11) | section 532(2) |
qualifying activity (in Part 2) | Chapter 2 of Part 2 |
[F3qualifying building (in Part 3A) | section 360C] |
[F16qualifying building (in Part 4A) | section 393C] |
[F3qualifying business premises (in Part 3A) | section 360D] |
qualifying dwelling-house (in Part 10) | section 490(2) and Chapter 4 of Part 10 |
qualifying enterprise zone expenditure (in Part 3) | sections 299 to 304 |
[F3qualifying expenditure (in Part 3A) | section 360B] |
qualifying expenditure attributable to a dwelling-house (in Part 10) | section 511 |
[F17qualifying flat (in Part 4A) | section 393D] |
qualifying hire car (in Part 2) | section 82 |
qualifying hotel (in Part 3) | section 279 |
qualifying non-trade expenditure (in Part 8) | section 469 |
qualifying trade expenditure (in Part 8) | section 468 |
qualifying trade (in Part 3) | section 274 |
qualifying trade (in Part 9) | section 484(2) |
related agricultural land (in Part 4) | section 361(2)(b) |
relevant interest (in Part 3) | Chapter 3 of Part 3 |
[F3relevant interest (in Part 3A) | Chapter 4 of Part 3A] |
relevant interest (in Part 4) | Chapter 2 of Part 4 |
[F18relevant interest (in Part 4A) | Chapter 4 of Part 4A] |
relevant interest (in Part 10) | Chapter 2 of Part 10 |
relevant trade (in Part 6) | section 439(3) |
research and development | section 437(2) and section 837A of ICTA |
residue of qualifying expenditure (in Part 3) | section 313 |
[F3residue of qualifying expenditure (in Part 3A) | section 360K] |
residue of qualifying expenditure (in Part 4) | section 386 |
[F19residue of qualifying expenditure (in Part 4A) | section 393L] |
residue of qualifying expenditure attributable to a dwelling-house (in Part 10) | section 512 |
ring fence trade (in Chapter 13 of Part 2) | section 162(2) |
sale | section 572(1) to (3) |
sale, time of | section 572(4) |
sale, transfers under Parts 3, 4 [F20, 4A] and 10 treated as | section 573 |
sale, treated as occurring on successions, for purposes of Parts other than Parts 2, 6 and 10 | section 559 |
Schedule A business | section 832(1) of ICTA |
short-life asset (in Part 2) | section 83 |
source of mineral deposits (in Part 5) | section 394(5) |
special leasing (in Part 2) | section 19 |
tax | section 832(3) of ICTA |
the Tax Acts | Schedule 1 to the Interpretation Act 1978 and section 831 of ICTA |
tax advantage | section 577(4) |
tax return | section 3(3) |
tax year | section 577(1) |
UK oil licence | section 552(2) |
[F21UK property business | section 832(1) of ICTA and Chapter 2 of Part 3 of ITTOIA 2005] |
United Kingdom | section 830 of ICTA [F22and section 41 of ITEPA 2003] |
unrelieved qualifying expenditure (in Part 2) | section 59 |
unrelieved qualifying expenditure (in Part 5) | section 419 |
unrelieved qualifying expenditure (in Part 7) | section 461 |
unrelieved qualifying expenditure (in Part 8) | section 475 |
within the charge to tax | section 832(1) of ICTA |
writing-down period (in Part 4) | section 372(2) |
writing-down period (in Part 9) | section 487(2) |
Textual Amendments
F3Sch. 1 Pt. 2 entries inserted (with effect in accordance with s. 92 of the amending Act) by Finance Act 2005 (c. 7), Sch. 6 para. 11; S.I. 2007/949, art. 2
F4Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F5Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F6Words in Sch. 1 Pt. 2 repealed (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 86(a), 5; S.I. 2005/1126, art. 2(2)(h)(i)
F7Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F8Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F9Words in Sch. 1 Pt. 2 repealed (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 86(b), 5; S.I. 2005/1126, art. 2(2)(h)(i)
F10Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F11Words in Sch. 1 Pt. 2 repealed (with effect in accordance with s. 167 of the amending Act) by Finance Act 2003 (c. 14), Sch. 43 Pt. 3(9)
F12Words in Sch. 1 Pt. 2 inserted (with effect in accordance with Sch. 27 para. 11 of the amending Act) by Finance Act 2004 (c. 12), Sch. 27 para. 10
F13Word in Sch. 1 Pt. 2 substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 574(3)(a) (with Sch. 2)
F14Words in Sch. 1 Pt. 2 substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 574(3)(b) (with Sch. 2)
F15Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F16Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F17Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F18Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F19Sch. 1 Pt. 2: entries inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(2)
F20Sch. 1 Pt. 2: words in entry inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 8(3)
F21Words in Sch. 1 Pt. 2 inserted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 574(3)(c) (with Sch. 2)
F22Words in Sch. 1 Pt. 2 inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 723, Sch. 6 para. 256 (with Sch. 7)
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