Part 4Property income
Chapter 1Introduction
202Overview of Part
1
Chapter 2 contains definitions relevant to the application of the Part.
2
Chapter 3 applies the charge to corporation tax on income to the profits of a UK property business or an overseas property business and contains basic rules about the calculation of the profits of such a property business.
3
Chapter 4 provides for certain amounts of a capital nature to be brought into account as receipts in calculating the profits of a property business.
4
Chapter 5 contains additional rules about the calculation of the profits of a property business.
5
Chapter 6 explains what is meant by the commercial letting of furnished holiday accommodation.
6
Chapters 7, 8 and 9 apply the charge to corporation tax on income to—
a
rent receivable in connection with a UK section 39(4) concern,
b
rent receivable for UK electric-line wayleaves, and
c
post-cessation receipts arising from a UK property business,
and contain related rules.
7
Chapter 10 contains supplementary provisions including—
a
rules that give priority to provisions outside this Part in relation to certain matters that fall within it, and
b
rules that give priority to one Chapter of this Part in relation to certain matters that fall both within it and another Chapter of this Part.
8
This Part needs to be read with Parts 19 (general exemptions) and 20 (general calculation rules).