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PART 4 Administration and enforcement
PART 5 Miscellaneous and final
SCHEDULES
Chargeable gains accruing to non-residents etc
PART 1 Extending cases in which non-residents are charged to tax etc
2.For the sections contained in Part 1 substitute— PART 1...
3.Omit sections 16ZB to 16ZD (losses of non-UK domiciled individuals)....
4.After section 36 insert— Re-basing for non-residents for UK land...
8.After section 103DA insert— UK property rich collective investment vehicles...
9.After section 271 insert— Visiting forces and official agents etc...
10.Omit Schedule B1 (disposals of UK residential property interests).
11.Omit Schedule BA1 (disposals of non-UK residential property interests).
12.Omit Schedule C1 (section 14F: meaning of “closely-held company” and...
13.For Schedule 1 substitute— SCHEDULE 1 UK resident individuals not...
14.After Schedule 1 insert— SCHEDULE 1A Assets deriving 75% of...
15.After Schedule 1A insert— SCHEDULE 1B Residential property gains Meaning...
16.After Schedule 1B insert— SCHEDULE 1C Annual exempt amount in...
17.After Schedule 4 insert— SCHEDULE 4AA Re-basing for non-residents in...
18.Omit Schedule 4ZZA (relevant high value disposals: gains and losses)....
19.Omit Schedule 4ZZB (non-resident CGT disposals: gains and losses).
20.Omit Schedule 4ZZC (disposals of residential property interests: gains and...
21.After Schedule 5A insert— SCHEDULE 5AAA UK property rich collective...
PART 2 Consequential amendments
24.In section 16 (computation of losses), omit subsection (3).
25.(1) Section 25 (non-residents: deemed disposals) is amended as follows....
26.For section 25ZA substitute— Postponing gain or loss under section...
27.(1) Section 48A (unascertainable consideration) is amended as follows.
28.In section 59 (partnerships), in subsections (2)(b), (3) and (4),...
29.(1) Section 62 (death: general provisions) is amended as follows....
30.(1) Section 79B (attribution to trustees of gains of non-resident...
31.For section 80A substitute— Postponing gain or loss under section...
32.In section 85A (transfers of value: attribution of gains to...
33.(1) Section 86 (attribution of gains to settlors with interest...
34.(1) Section 86A (attribution of gains to settlor in section...
35.(1) Section 87 (non-UK resident settlements: attribution of gains to...
36.In section 87A (section 87: matching), for “the section 2(2)...
37.In section 87B (section 87: remittance basis), for subsection (2)...
38.In section 87J (relevant parts of payment from which onward...
39.In section 87N (sections 87 and 87A: disregard of payments...
40.In section 87P (sections 87 and 87A: temporary migration after...
41.In section 88 (gains of dual settlements), in subsections (2)...
42.In section 89 (migrant settlements, etc), in subsection (2), for...
43.In section 90 (sections 87 and 89(2): transfers between settlements),...
44.In section 91 (increase in tax payable under section 87...
45.In section 96 (payments by and to companies), in subsection...
47.In section 103KC (carried interest: foreign chargeable gains), for “a...
48.In section 103KE (carried interest: avoidance of double taxation), in...
49.(1) Section 139 (reconstruction involving transfer of business) is amended...
50.In section 140A (transfer or division of UK business), in...
51.(1) Section 140E (merger leaving assets within UK tax charge)...
52.In section 159 (non-residents: roll-over relief), in subsection (4), for...
53.For section 159A substitute— Disposals of interests in UK land...
54.(1) Section 161 (appropriations to and from trading stock) is...
55.(1) Section 165 (relief for gifts of business assets) is...
56.(1) Section 167A (gifts of UK residential property interests to...
57.For section 168A substitute— Postponing held-over gain: interests in UK...
58.In section 169N (amount of entrepreneurs' relief: general), in subsection...
59.In section 169VK (cap on investors' relief for disposal by...
60.In section 169VL (cap on investors' relief for disposal by...
61.(1) Section 171 (transfers within a group: general provisions) is...
62.In section 171A (election to reallocate gain or loss to...
63.In section 171B (election under section 171A: effect), in subsection...
64.In section 175 (replacement of business assets by members of...
65.(1) Section 179 (company ceasing to be member of group:...
66.Omit section 187A (deemed disposal under section 185: ATED-related gains...
67.For section 187B substitute— Postponing gain or loss under section...
68.Omit sections 188A to 188K (and the italic heading before...
69.(1) Section 190 (tax recoverable from another group company or...
70.(1) Section 199 (exploration or exploitation assets: deemed disposals) is...
71.In section 210A (insurance companies: ring-fencing of losses), in subsection...
72.In section 222A (determination of main residence: non-resident CGT disposals),...
73.(1) Section 222B (non-qualifying tax years) is amended as follows....
74.(1) Section 223 (amount of relief) is amended as follows....
75.In section 228 (conditions for relief: supplementary), in subsection (6),...
76.(1) Section 260 (gifts on which inheritance tax is chargeable...
77.(1) Section 261ZA (gifts of UK residential property interests to...
78.In section 261C (meaning of “the maximum amount” for purposes...
79.In section 261E (meaning of “the maximum amount” for purposes...
80.In section 263ZA (former employees: employment-related liabilities), in subsection (5)—...
81.In section 271B (branch or agency treated as UK representative),...
82.In section 279A (deferred unascertainable consideration: election for treatment of...
83.(1) Section 279B (provisions supplementary to section 279A) is amended...
84.(1) Section 279C (effect of election under section 279A) is...
85.(1) Section 279D (elections under section 279A) is amended as...
86.In section 287 (orders and regulations etc), in subsection (4),...
88.In Schedule 4A (disposal of interest in settled property etc),...
89.(1) Schedule 4C (transfers of value: attribution of gains to...
90.(1) Schedule 5 (attribution of gains to settlors with interest...
91.In Schedule 7A (restriction on set-off of pre-entry losses), in...
92.In Schedule 7AC (exemptions for disposals by companies with substantial...
93.In Schedule 7C (relief for transfers to Schedule 2 share...
100.In section 641 (accrued income profits and losses: trustees of...
101.In section 643 (accrued income profits and losses: non-residents), in...
102.In section 809F (remittance basis: effect on what is chargeable),...
103.In section 809G (claim for remittance basis: effect on allowances...
104.In section 809K (introduction to rules on remittance of income...
105.In section 809VK (retention of funds to meet CGT liabilities),...
106.(1) Section 809YD (chargeable gains accruing on sales of exempt...
107.In section 809Z7 (meaning of “foreign income and gains” etc),...
114.In section 533 (financial statements: supplementary), after subsection (1) insert—...
115.After section 535 insert— Gains: disposals of rights or interests...
116.In section 547 (funds awaiting reinvestment), at the end insert—...
117.In section 550(3) (attribution of distributions), after “section 535” insert...
118.(1) Section 556 (disposal of assets) is amended as follows....
119.In section 582 (early exit), in subsection (3)(b), for “or...
PART 3 Commencement and transitional provisions etc
121.(1) This paragraph applies to— (a) allowable NRCGT losses accruing...
122.The Treasury may by regulations make any transitional provisions or...
123.(1) This paragraph applies where this Schedule re-enacts in TCGA...
124.The Treasury may by regulations make such provision as they...
125.(1) The Treasury may by regulations make provision, in relation...
126.(1) This paragraph applies to regulations made under paragraph 124...
Returns for disposals of UK land etc
PART 1 Returns and payments on account: disposals of UK land etc
Obligation to deliver a return to officer of Revenue and Customs
Obligation to make a payment on account of capital gains tax
Calculation of an amount of capital gains tax notionally chargeable
Repayments of amounts previously paid on account of capital gains tax
Collective investment schemes to which Sch.5AAA to TCGA 1992 applies
Effect of s.144(2) or 144A(2)(b) of TCGA 1992 when asset sold on exercise of option
PART 2 Notification of chargeable amounts, amendments of returns, enquiries etc
PART 3 Consequential amendments
Offshore receipts in respect of intangible property
3.(1) Section 576 (priority between Chapters within Part 5) is...
4.After section 608 insert— CHAPTER 2A Offshore receipts in respect...
5.In section 873(3) (procedure for orders and regulations) before paragraph...
7.The amendments made by this Schedule have effect for the...
8.In section 608W of ITTOIA 2005 (inserted by paragraph 4...
9.The Treasury may by regulations make such amendments of the...
10.The Treasury may by regulations amend Chapter 2A of Part...
11.Regulations under paragraph 10 may— (a) make any provision that...
12.Regulations under paragraph 10 may not make provision having effect...
13.No regulations under paragraph 10 may be made after 31...
14.A statutory instrument containing (whether alone or with other provision)...
Non-UK resident companies carrying on UK property businesses etc
PART 2 Supplementary & Consequential amendments
12.In section 18A (exemption for profits or losses of foreign...
13.In section 19 (chargeable profits) for subsection (2A) substitute—
14.In section 289 (effect of company starting or ceasing to...
15.(1) Section 301 (calculation of non-trading profits and deficits from...
16.In section 333 (company with loan relationship ceasing to be...
17.(1) Section 334 (non-UK resident company ceasing to hold loan...
18.In section 574 (non-trading credits and debits to be brought...
19.In section 609 (company with derivative contract ceasing to be...
20.(1) Section 610 (non-UK resident company ceasing to hold derivative...
21.(1) Section 697 (derivative contracts with non-UK residents: exceptions) is...
22.In section 746 (“non-trading credits” and “non-trading debits”) in subsection...
23.(1) Section 792 (reallocation of charge within group) is amended...
24.(1) Section 793 (further requirements about elections under section 792)...
25.After section 793 insert— Effect of election under section 792...
26.In section 795 (recovery of charge from another group company...
27.In section 863 (asset becoming chargeable intangible asset), in subsection...
PART 3 Commencement and transitional provisions
40.(1) This paragraph applies for an accounting period (“the loss...
41.(1) This paragraph applies for an accounting period (“the relevant...
42.(1) Where— (a) before the commencement date a company is...
43.(1) This paragraph applies if— (a) an amount representing a...
44.(1) This paragraph applies if— (a) before 1 January 2015...
46.(1) An election under section 792 of CTA 2009 (reallocation...
47.(1) This paragraph applies if— (a) before the commencement date...
48.Where on the commencement date— (a) a non-UK resident company...
50.(1) This paragraph applies if— (a) a company enters into...
Calculation of taxable diverted profits
2.(1) Section 82 (calculation of taxable diverted profits in section...
4.In section 84 (section 80 or 81: calculation of profits...
5.(1) Section 85 (section 80 or 81: calculation of profits...
6.(1) Section 88 (calculation of taxable diverted profits in section...
7.After section 111 insert— Adjustment required to be made to...
Intangible fixed assets: restrictions on goodwill and certain other assets
1.Part 8 of CTA 2009 (intangible fixed assets) is amended...
2.In section 711 (overview of Part) in subsection (8) after...
3.In section 715 (application of Part to goodwill) in subsection...
4.In section 746 (“non-trading credits” and “non-trading debits”) in subsection...
5.Omit section 816A (restrictions on goodwill and certain other assets)....
6.After section 879 insert— CHAPTER 15A Debits in respect of...
7.(1) The amendments made by this Schedule have effect in...
Corporation tax relief for carried-forward losses
Restrictions on deductions from profits
2.In section 188DD (group relief for carried-forward losses: claimant company's...
3.In section 188ED (group relief for carried-forward losses: claimant company's...
4.In section 269ZB (restriction on deductions from trading profits) in...
5.In section 269ZC (restriction on deductions from non-trading profits) in...
6.(1) Section 269ZD (restriction on deductions from total profits) is...
7.Omit section 269ZE (restriction on deductions from total profits: insurance...
8.After section 269ZF insert— “Relevant profits” (1) A company's “relevant profits” for an accounting period are—...
9.After section 269ZFA (as inserted by paragraph 8) insert— Modifications...
10.In section 269ZJ (exclusion of shock losses from restrictions) omit...
11.In section 269ZQ (power to amend) in subsection (2)(b) for...
12.In section 269ZV (group allowance allocation statement: requirements and effects)...
13.In section 269CC (restrictions on deductions by banking companies: management...
14.In section 269CN (restrictions on deductions by banking companies: definitions)...
15.In section 304(7) (certain deductions in respect of losses made...
17.In section 124 (carry forward of pre-1 April 2017 BLAGAB...
18.In section 124A (carry forward of post-1 April 2017 BLAGAB...
19.In section 124C (further carry forward against subsequent profits of...
20.Omit sections 124D and 124E (restriction on deductions from BLAGAB...
Corporate interest restriction
Tax-interest amounts: amounts capitalised in intangible fixed assets
Adjusted net group-interest expense: impairment debts and credits and connected companies
Interest allowance (alternative calculation) election: unpaid employees' remuneration
Interest allowance (alternative calculation) election: changes in accounting policy
Transitional provision in case of interest allowance (alternative calculation) elections
Eliminating tax mismatch for certain debt
Annual investment allowance: periods straddling 1 January 2019 or 1 April 2023
Leases: changes to accounting standards etc
PART 1 Finance leases: amendments as a result of changes to accounting standards
PART 3 Changes to accounting standards and tax adjustments
Transitional provisions following repeal of section 53 of FA 2011: introductory
Cases where asset first recognised for period of account beginning on or after 1 January 2019
Cases where asset first recognised for an earlier period of account
Cases where lessee permanently ceases to carry on activities
Corporate interest restriction: changes of accounting policy
Corporate interest restriction: treatment of certain adjustments
Oil activities: transferable tax history
PART 3 Effect of a TTH election on the seller
PART 4 Effect of a TTH election on the purchaser
Decommissioning expenditure amount
31.The “decommissioning expenditure amount” attributable to the TTH oil field...
32.(1) The “special allowance amount” for an accounting period is...
33.(1) The “post-cessation expenditure amount” for an accounting period is...
34.(1) The “restoration expenditure amount” for an accounting period is...
35.For the purposes of paragraphs 32(2), 33(2) and 34(2), expenditure...
PART 6 Allocation of activated TTH amount
38.The “total activated TTH amount” held by the purchaser for...
39.The “total activated TTH amount” held by the purchaser for...
40.(1) This paragraph applies if, in relation to a post-activation...
41.(1) This paragraph applies if, in relation to a post-activation...
42.If neither paragraph 40 nor paragraph 41 applies in relation...
Transferred profits amount for a pre-acquisition accounting period
PART 7 Supplementary charge: recalculation of adjusted ring fence profits
PART 9 TTH elections: approval
PART 2 Consequential amendments
4.In section 18A (fiscal warehousing), in subsection (9), for “body...
5.(1) Section 43 (groups of companies) is amended in accordance...
6.In section 43AA (power to alter eligibility for grouping), in...
7.(1) Section 43B (groups: applications) is amended in accordance with...
8.(1) Section 43C (groups: termination of membership) is amended in...
9.(1) Section 43D (groups: duplication) is amended in accordance with...
10.In section 44 (supplies to groups), in subsection (1)(a) and...
11.In section 53 (tour operators), in subsection (2)(d), for “body...
12.In section 97 (orders, rules and regulations), in subsection (4)(ca),...
13.(1) Schedule 9 (exemptions) is amended in accordance with this...
14.(1) Schedule 9A (anti-avoidance provisions: groups) is amended in accordance...
15.(1) Schedule 10 (buildings and land) is amended in accordance...
Taxation of hybrid capital instruments
PART 1 Revocation of special rules for regulatory capital securities
PART 2 Corporation tax, income tax and capital gains tax
Loan relationships: credits and debits to be brought into account
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