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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) |
[F1FA 2000 | The Finance Act 2000 (c. 17)] |
[F1FA 2001 | The Finance Act 2001 (c. 9)] |
[F1FA 2002 | The Finance Act 2002 (c. 23)] |
[F2ITEPA 2003 | The Income Tax (Earnings and Pensions) Act 2003] |
[F3ITTOIA 2005 | The Income Tax (Trading and Other Income) Act 2005] |
[F4FA 2004 | The Finance Act 2004 (c. 12)] |
[F5FA 2006 | The Finance Act 2006 (c. 25)] |
[F6ITA 2007 | The Income Tax Act 2007.] |
[F7CTA 2009 | The Corporation Tax Act 2009] |
Textual Amendments
F1Words in Sch. 1 Pt. 1 inserted (with effect in accordance with Sch. 25 para. 9 of the amending Act) by Finance Act 2008 (c. 9), Sch. 25 para. 6
F2Words 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)
F3Words 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)
F4Words in Sch. 1 Pt. 1 inserted (6.4.2006) by Finance Act 2004 (c. 12), s. 284(1), Sch. 35 para. 49 (with Sch. 36)
F5Words in Sch. 1 Pt. 1 inserted (with effect in accordance with s. 84(5)(6) of the amending Act) by Finance Act 2006 (c. 25), s. 84(4)
F6Words in Sch. 1 Pt. 1 inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(2) (with Sch. 2)
F7Words in Sch. 1 Pt. 1 inserted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 522(2) (with Sch. 2 Pts. 1, 2)
accounting period | [F8Chapter 2 of Part 2 of CTA 2009] |
additional VAT liability | section 547(1) |
additional VAT rebate | section 547(2) |
F9. . . | F9. . . |
adjusted net cost (in Chapter 6 of Part 10) | section 522 |
F9. . . | F9. . . |
[F10AIA qualifying expenditure | section 38A] |
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 |
F9. . . | F9. . . |
[F11balancing adjustment (in Part 3A) | section 360M] |
F9. . . | F9. . . |
[F12balancing adjustment (in Part 4A) | section 393M] |
balancing adjustment (in Part 10) | section 513 |
F9. . . | F9. . . |
[F11balancing event (in Part 3A) | section 360N] |
F9. . . | F9. . . |
[F13balancing event (in Part 4A) | section 393N] |
balancing event (in Part 10) | section 514 |
body of persons | [F14section 989 of ITA 2007 and] section 832(1) of ICTA |
F15. . . | F15. . . |
F9. . . | F9. . . |
capital expenditure | section 4 and (in Chapter 2 of Part 1) section 10(1) |
capital sum | section 4 |
car (in Part 2) | section 81 |
[F16the charge to corporation tax on income | section 2(3) of CTA 2009 (as applied by section 834(1) of ICTA)] |
chargeable period | section 6 |
F9. . . | F9. . . |
connected persons (general meaning) | [F17section 575] |
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 |
F9. . . | F9. . . |
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) |
[F18dwelling (in Part 4A) | section 393A(4)] |
F9. . . | F9. . . |
F9. . . | F9. . . |
F9. . . | F9. . . |
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) |
[F19flat (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 |
F9. . . | F9. . . |
F9. . . | F9. . . |
income from patents (in Part 8) | section 483 and paragraph 101(5) of Schedule 3 |
F9. . . | F9. . . |
F20. . . | F20. . . |
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) |
F9. . . | F9. . . |
[F11lease and related expressions (in Part 3A) | section 360Z4] |
F9. . . | F9. . . |
[F21lease 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 F22... 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) |
[F23offshore installation (except in Chapter 13 of Part 2) | [F24sections 1001 and 1002 of ITA 2007 and] 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 [F25property] business | section 16 |
overseas property business | [F26Chapter 2 of Part 3 of ITTOIA 2005 (as applied by section 989 of ITA 2007) and Chapter 2 of Part 4 of CTA 2009 (as applied by section 834B of ICTA)] |
partial depreciation subsidy | section 209 |
patent rights (in Part 8) | section 464(2) |
planning permission (in Part 5) | section 436 |
F9. . . | F9. . . |
[F11proceeds from a balancing event (in Part 3A) | section 360O] |
F9. . . | F9. . . |
[F27proceeds 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 |
[F11qualifying building (in Part 3A) | section 360C] |
[F28qualifying building (in Part 4A) | section 393C] |
[F11qualifying business premises (in Part 3A) | section 360D] |
qualifying dwelling-house (in Part 10) | section 490(2) and Chapter 4 of Part 10 |
F9. . . | F9. . . |
[F11qualifying expenditure (in Part 3A) | section 360B] |
qualifying expenditure attributable to a dwelling-house (in Part 10) | section 511 |
[F29qualifying flat (in Part 4A) | section 393D] |
qualifying hire car (in Part 2) | section 82 |
F9. . . | F9. . . |
qualifying non-trade expenditure (in Part 8) | section 469 |
qualifying trade expenditure (in Part 8) | section 468 |
F9. . . | F9. . . |
qualifying trade (in Part 9) | section 484(2) |
F9. . . | F9. . . |
F9. . . | F9. . . |
[F11relevant interest (in Part 3A) | Chapter 4 of Part 3A] |
F9. . . | F9. . . |
[F30relevant 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 [F31437(2) and (3)] |
F9. . . | F9. . . |
[F11residue of qualifying expenditure (in Part 3A) | section 360K] |
F9. . . | F9. . . |
[F32residue 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 PartsF33... 3A,F33... 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 |
F34. . . | F34. . . |
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 |
[F35special rate expenditure (in Part 2) | section 104A] |
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 | [F36section 4(2) of ITA 2007 (as applied by section 989 of that Act)] |
UK oil licence | section 552(2) |
[F37UK property business | F38...Chapter 2 of Part 3 of ITTOIA 2005] [F39(as applied by section 989 of ITA 2007)] [F40and Chapter 2 of Part 4 of CTA 2009 (as applied by section 834B of ICTA)] |
United Kingdom | [F41section 1013 of ITA 2007 and section 830(1) of ICTA] |
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 | [F42section 1009 of ITA 2007 and] section 832(1) of ICTA |
F9. . . | F9. . . |
writing-down period (in Part 9) | section 487(2) |
Textual Amendments
F8Words in Sch. 1 Pt. 2 substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 522(3)(a) (with Sch. 2 Pts. 1, 2)
F9Sch. 1 Pt. 2 entries omitted (with effect in accordance with Sch. 27 para. 30(1) of the amending Act) by virtue of Finance Act 2008 (c. 9), Sch. 27 para. 19(2)
F10Words in Sch. 1 Pt. 2 inserted (with effect in accordance with Sch. 24 para. 23 of the amending Act) by Finance Act 2008 (c. 9), Sch. 24 para. 15
F11Sch. 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
F12Sch. 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)
F13Sch. 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)
F14Words in Sch. 1 Pt. 2 inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(a) (with Sch. 2)
F15Words 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)
F16Words in Sch. 1 Pt. 2 inserted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 522(3)(b) (with Sch. 2 Pts. 1, 2)
F17Words in Sch. 1 Pt. 2 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(b) (with Sch. 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)
F20Words 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)
F21Sch. 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)
F22Words 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)
F23Words 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
F24Words in Sch. 1 Pt. 2 inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(c) (with Sch. 2)
F25Word 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)
F26Words in Sch. 1 Pt. 2 substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 522(3)(c) (with Sch. 2 Pts. 1, 2)
F27Sch. 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)
F28Sch. 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)
F29Sch. 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)
F30Sch. 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)
F31Words in Sch. 1 Pt. 2 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(e) (with Sch. 2)
F32Sch. 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)
F33Word in Sch. 1 Pt. 2 omitted (with effect in accordance with Sch. 27 para. 30(1) of the amending Act) by virtue of Finance Act 2008 (c. 9), Sch. 27 para. 19(3)
F34Sch. 1 Pt. 2 entry repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 522(3)(d), Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)
F35Words in Sch. 1 Pt. 2 inserted (with effect in accordance with Sch. 26 para. 14 of the amending Act) by Finance Act 2008 (c. 9), Sch. 26 para. 13
F36Words in Sch. 1 Pt. 2 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(g) (with Sch. 2)
F37Words 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)
F38Words in Sch. 1 Pt. 2 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(h), Sch. 3 Pt. 1 (with Sch. 2)
F39Words in Sch. 1 Pt. 2 inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(h) (with Sch. 2)
F40Words in Sch. 1 Pt. 2 inserted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 522(3)(e) (with Sch. 2 Pts. 1, 2)
F41Words in Sch. 1 Pt. 2 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(i) (with Sch. 2)
F42Words in Sch. 1 Pt. 2 inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(j) (with Sch. 2)