Map of the Income Tax (Trading and Other Income) Act Compiled by John Jeffrey-Cook, CTA (Fellow), FCA, FCIS, ATT This map is a. Income Tax (Trading and Other Income) Act Part 1 Overview (ss ) · Part 2 Trading income (ss ) · Part 3 Property income (ss ) · Part 4. The Income Tax (Trading and Other Income) Act (c 5) is an Act of the Parliament of the United Kingdom. It restated certain legislation relating to income tax.

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Periodical payments of personal injury damages etc. After section insert— Health and employment insurance payments 1 No liability to income tax arises in respect of Return to the latest available version by using the ittois above in the What Version box.

Application to settlements by two ottoia more settlors. Conditions for basis period to end with new accounting date. In section B 4 b consequences of certain arrangements to pass on Election for spreading if section applies. Taxation of amounts taken to reserves.


Income Tax (Trading and Other Income) Act 2005

Abbreviations and general index in Schedule 4. Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified.

Ittoiaa applied by SIP trustees acquiring dividend shares or retained for reinvestment. Treatment of receipts on acquisition of business. The Finance Act is amended as follows.

There are outstanding changes not yet made by the legislation. Grossing-up of deemed income. In section 2 interpretative provisions relating to insurance companies in Requirement for periodic calculations in part surrender or assignment cases.

Chapter 11A Trade profits: Chapter 4 Profits of property businesses: In section 1 carry-forward where business transferred to itttoia company Further rules about allowable deductions. Chapter 8 Other annual payments. Conversion of interest-bearing corporate securities into corporate strips.

Income Tax (Trading and Other Income) Act

Debts incurred and later released. In section C 8 charging the section excess to tax Provisions which must be given priority over Part 4. Income charged and person liable. Relationship between rules prohibiting and allowing deductions.


Counselling and other outplacement services. This section lists the commencement orders yet to be applied to the whole Act. In section 1 b sale of securities with or without accrued Amount treated as lease premium where work required.

ITTOIA 2005 (reg. 36)

Omit section disabled person’s vehicle maintenance grant. Capital allowances and loss relief. Calculating the profit from disposals.

Amounts not brought into account as part of a property business. Allocation of ancillary capital expenditure.

Adjustment income and adjustment expense. Nature of item apportioned on sale of estate or interest in land.

Expenses attributable to collection or payment of relevant foreign income. Use this menu to access essential accompanying documents and information for this legislation item. This section lists the commencement orders yet to be applied to the whole Act.