Income Tax (Trading and Other Income) Bill

House of Commons

Session 2004 - 05
Internet Publications
Other Bills before Parliament

Income Tax (Trading and Other Income) Bill

Income Tax (Trading and Other Income) Bill
Schedule 4 — Abbreviations and defined expressions
Part 2 — Index of expressions defined in this Act etc.
585

Part 2
Index of expressions defined in this Act etc.

absolute interest (for the purposes of Chapter 6
section 650(1)

of Part 5)

accounting date (in Chapter 15 of Part 2)
section 197

5

accounting period
sections 12 and 834(1)

of ICTA

acquisition expenditure (in Chapter 9 of Part 2)
section 130(3)

adjustment expense (in Chapter 17 of Part 2)
section 228(3)

adjustment expense (in Chapter 7 of Part 3)
section 330(3)

10

adjustment income (in Chapter 17 of Part 2)
section 228(2)

adjustment income (in Chapter 7 of Part 3)
section 330(2)

the administration period (in Chapter 6 of Part 5)
section 653(1)

the aggregate income of the estate (for the
section 664(1)

purposes of Chapter 6 of Part 5)

15

the amount of premiums paid (in Chapter 9 of
section 545(3)

Part 4)

animal (in Chapter 8 of Part 2)
section 112(1)

animal being added to a herd (in Chapter 8 of
section 112(6)

Part 2)

20

animals in a herd or part of a herd (for the
section 112(3) to (5)

purposes of Chapter 8 of Part 2)

assignment (in the application of the Act to
section 879(1)

Scotland)

assignment (of part or share in rights under a
section 505(2)

25

policy or contract) (in Chapter 9 of Part 4)

assignment (of whole of rights under a policy or
section 505(2)

contract) (in Chapter 9 of Part 4)

assumed income entitlement (for the purposes of
section 665(2), (3)

Chapter 6 of Part 5)

30

authorised unit trust
section 832(1) of ICTA

averaging claim (in Chapter 16 of Part 2)
section 221(1)

bank arrangement (in Chapter 4 of Part 6)
section 704(4)(a)

Income Tax (Trading and Other Income) Bill
Schedule 4 — Abbreviations and defined expressions
Part 2 — Index of expressions defined in this Act etc.
586

the basic amount (in relation to estate income)
section 656(4)

(in Chapter 6 of Part 5)

basic rate
section 832(1) of ICTA

basic relieving amount by reference to a taxed
sections 288(4), 289(2),

receipt (in Chapter 4 of Part 3)
(4)

5

the Board of Inland Revenue
section 878(1)

body of persons
section 832(1) of ICTA

building society
section 832(1) of ICTA

building society arrangement (in Chapter 4 of
section 704(5)(a)

Part 6)

10

calculation event (in Chapter 9 of Part 4)
section 491(4)

capital allowance
section 832(1) of ICTA

capital cost of patent rights (in Chapter 2 of Part
section 588(4)

5)

capital redemption policy (in Chapter 9 of Part 4)
section 473(2)

15

capital sums (in Chapter 2 of Part 5)
section 608

capital sums included in the proceeds of sale (in
section 605(5)

relation to the exchange of property) (in Chapter

2 of Part 5)

caravan
section 875

20

certified master version (in Chapter 9 of Part 2)
section 132(3)

certified SAYE savings arrangement (in Chapter
section 703(1)

4 of Part 6)

chargeable event (in Chapter 9 of Part 4)
section 484

chargeable period
section 832(1) of ICTA

25

charitable trust (in Chapter 9 of Part 4)
section 545(1)

charity
section 878(1)

child
section 832(5) of ICTA

claim
section 878(3)

close company
sections 414 and 415 of

30

ICTA

commercial letting of furnished holiday
sections 323 to 326

accommodation (for purposes of Chapter 6 of

Part 3)

company
section 832(1) of ICTA

35

Income Tax (Trading and Other Income) Bill
Schedule 4 — Abbreviations and defined expressions
Part 2 — Index of expressions defined in this Act etc.
587

company (for all purposes in the Income Tax
section 863(2)(c)

Acts)

connected (in the context of “connected person”
section 839 of ICTA

or one person being “connected” with another)
(see section 878(5) of

this Act)

5

consideration received for disposal of know-how
section 192(3), (4)

(for purposes of Chapter 14 of Part 2)

contract of insurance (in Chapter 9 of Part 4)
section 545(1)

control (in relation to a body corporate)
section 840 of ICTA

(see section 878(6) of

10

this Act)

corporation tax receipt (in Chapter 4 of Part 3)
section 296(1)

coupons (in Chapter 13 of Part 4)
section 571(3)

deeply discounted security (for the purposes of
sections430 to 443(1)

Chapter 8 of Part 4)

15

deposit rights (in Chapter 11 of Part 4)
section 552

discretionary interest (for the purposes of
section 650(3)

Chapter 6 of Part 5)

disposal of a deeply discounted security (in
section 437(1)

Chapter 8 of Part 4)

20

distribution
section 832(1) of ICTA

the dividend ordinary rate
section 832(1) of ICTA

the dividend trust rate
section 832(1) of ICTA

the dividend upper rate
section 832(1) of ICTA

dividends (in Chapter 3 of Part 4)
section 382(4)

25

dividends (in Chapter 4 of Part 4)
section 402(4)

election
section 878(3)

employment income
section 7(2) of ITEPA

2003

estate (in Chapter 6 of Part 5)
section 649(2)

30

estate income (in Chapter 6 of Part 5)
section 649(2)

estate in land (in relation to any land in Scotland)
section 832(1) of ICTA

European authorised institution (in Chapter 4 of
section 704(6)

Part 6)

European authorised institution arrangement (in
section 704(6)

35

Chapter 4 of Part 6)

Income Tax (Trading and Other Income) Bill
Schedule 4 — Abbreviations and defined expressions
Part 2 — Index of expressions defined in this Act etc.
588

excess event (in Chapter 9 of Part 4)
section 491(4)

excluded indexed security (in Chapter 8 of Part
section 433(1)

4)

the exemption condition (in Chapter 6 of Part 6)
section 713(3)

farmers (in Chapter 8 of Part 2)
section 111(3)

5

farming
section 876

film (in Chapter 9 of Part 2)
section 131

final insurance year (in Chapter 9 of Part 4)
section 499(4), (5)

the final tax year (in Chapter 6 of Part 5)
section 653(3)

firm
sections 847(1) and 863

10

firm (for all purposes in the Income Tax Acts)
section 863(2)(a)

for accounting purposes
section 832(1) of ICTA

foreign capital redemption policy (in Chapter 9
section 476(3)

of Part 4)

foreign estate (in Chapter 6 of Part 5)
section 651(1)

15

foreign holdings (in Chapter 13 of Part 4)
section 571(1)

foreign institution (in Chapter 9 of Part 4)
section 468(5)

foreign policy of life insurance (in Chapter 9 of
section 476(3)

Part 4)

forestry
section 876(3)

20

foster-care receipts (in Chapter 2 of Part 7)
section 805

foster-care relief (in Chapter 2 of Part 7)
section 803(1)

FOTRA security (in Chapter 6 of Part 6)
section 713(2)

friendly society (in Chapter 9 of Part 4)
section 545(1)

future (in Chapter 12 of Part 4)
section 558(1)

25

generally accepted accounting practice
section 832(1) of ICTA

and section 50 of FA

2004

generating income from land (in Chapter 3 of
sections 266 and 267

Part 3)

30

gilt-edged security
section 153(1)

grossing up
section 877

group life policy (in Chapter 9 of Part 4)
section 480(2)

Income Tax (Trading and Other Income) Bill
Schedule 4 — Abbreviations and defined expressions
Part 2 — Index of expressions defined in this Act etc.
589

herd (in Chapter 8 of Part 2)
section 112(1)

herd basis election (in Chapter 8 of Part 2)
section 111(1)

herd basis rules (in Chapter 8 of Part 2)
section 111(2)

higher rate
section 832(1) of ICTA

houseboat
section 878(1)

5

income
section 878(1)

income arising under a settlement (in Chapter 5
section 648

of Part 5)

income arising under the settlement (in relation
section 644(3)(b)

to a settlor) (in Chapter 5 of Part 5)

10

income period (in Chapter 2 of Part 7)
section 805(2) and (3)

individual’s limit (in Chapter 1 of Part 7)
section 789

individual’s limit (in Chapter 2 of Part 7)
section 808

the Inland Revenue
section 878(1)

institutional arrangement (in Chapter 4 of Part 6)
section 704(3)

15

insurance company (in Chapter 9 of Part 4)
section 545(1)

insurance year (in Chapter 9 of Part 4)
section 499(1), (3), (5)

interest
section 832(1) of ICTA

interest (in Chapter 4 of Part 6)
section 702(4)

international accounting standards
section 832(1) of ICTA

20

and section 50(2) of FA

2004

investment plan regulations (in Chapter 3 of Part
section 694(2)

6)

investment trust
section 842 of ICTA

25

keeping a production herd (in Chapter 8 of Part
section 111(4)

2)

know-how (in Chapter 14 of Part 2)
section 192(1), (2)

know-how (in Chapter 2 of Part 5)
section 583(4), (5)

lease (in Part 3)
section 364(1)

30

letting (in Chapter 1 of Part 7)
section 802

life annuity (in Chapter 9 of Part 4)
section 473(2)

Income Tax (Trading and Other Income) Bill
Schedule 4 — Abbreviations and defined expressions
Part 2 — Index of expressions defined in this Act etc.
590

limited interest (for the purposes of Chapter 6 of
section 650(2)

Part 5)

linked savings arrangement (in Chapter 4 of Part
section 703(2)

6)

local authority
section 842A of ICTA

5

lower rate
section 832(1) of ICTA

market gardening
section 876(5)

market value (in Chapter 8 of Part 4)
section 460(3)

market value (in Chapter 9 of Part 4)
section 545(1)

mature (in relation to female animals) (for the
section 113(5)

10

purposes of Chapter 8 of Part 2)

members of a company (for all purposes in the
section 863(2)(d)

Tax Acts)

members of a firm (for all purposes in the
section 863(2)(b)

Income Tax Acts)

15

mineral lease or agreement (in Chapter 8 of Part
section 341(1)

3)

mineral royalties (in Chapter 8 of Part 3)
sections 341(2), 342,

343

mortgage (in the application of the Act to
section 879(1)

20

Scotland)

national savings arrangement (in Chapter 4 of
section 704(2)

Part 6)

non-charitable trust (in Chapter 9 of Part 4)
section 545(1)

non-trade business (in Chapter 3 of Part 5)
section 609(1)

25

non-UK resident (and references to a non-UK
section 878(1)

resident or a non-UK resident person)

normal self-assessment filing date
section 878(1)

notice
section 832(1) of ICTA

oil and gas exploration and appraisal
section 837B of ICTA

30

option (in Chapter 12 of Part 4)
section 558(2)

ordinary share capital
section 832(1) of ICTA

original master version (in Chapter 9 of Part 2)
section 132(1), (2)

overlap period (in Chapter 15 of Part 2)
section 204

overlap profit (in Chapter 15 of Part 2)
section 204

35

Income Tax (Trading and Other Income) Bill
Schedule 4 — Abbreviations and defined expressions
Part 2 — Index of expressions defined in this Act etc.
591

overseas life assurance business (in Chapter 9 of
section 476(3)

Part 4)

overseas property business
Chapter 2 of Part 3

overseas property income (in Chapter 11 of Part
section 358

3)

5

part surrender or assignment event (in Chapter 9
section 491(4)

of Part 4)

patent rights (in Chapter 2 of Part 5)
section 587(4)

period of account
section 832(1) of ICTA

permanent establishment
section 832(1) of ICTA

10

and section 148 of FA

2003

person to whom the remittance basis applies
section 878(2)

person creating trusts (for the purposes of
section 465(6)

Chapter 9 of Part 4)

15

personal portfolio bond (in Chapter 9 of Part 4)
sections 516, 517

personal portfolio bond event (in Chapter 9 of
section 491(4)

Part 4)

personal representatives
section 878(1)

plan managers (in Chapter 3 of Part 6)
section 696(2)

20

policy (in Chapter 9 of Part 4)
section 545(1)

post-cessation receipt (in Part 2)
sections 246 and 247

post-cessation receipt (in Chapter 10 of Part 3)
sections 353 and 354

preliminary expenditure (in Chapter 9 of Part 2)
section 130(6)

premises (in Part 3)
section 364(2)

25

premium (in Chapter 4 of Part 3)
section 307(1), (3)

premium (in Chapter 9 of Part 4)
section 545(2)

the price (in relation to the exchange of know-
section 192(6)

how) (in Chapter 14 of Part 2)

the price (in relation to the exchange of property)
section 605(4)

30

(in Chapter 2 of Part 5)

proceeds of sale (in relation to the exchange of
section 192(6)

know-how) (in Chapter 14 of Part 2)

proceeds of sale (in relation to the exchange of
section 605(4)

property) (in Chapter 2 of Part 5)

35