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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.

592

 
 

production expenditure (in Chapter 9 of Part 2)

section 130(2)

 
 

production herd (in Chapter 8 of Part 2)

section 112(1), (2)

 
 

production herd (of the same class) (for the

section 113(2)

 
 

purposes of Chapter 8 of Part 2)

  
 

profits from a trade, profession or vocation (for

section 221(4), (5)

 

5

 

the purposes of Chapter 16 of Part 2)

  
 

profits or gains

section 833(1) of ICTA

 
 

any prohibitive rule (in Chapter 9 of Part 2)

section 130(7)

 
 

property business

section 263(6)

 
 

property comprised in a settlement (in relation

section 644(3)(a)

 

10

 

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

  
 

property or rights held on trust or on trusts (in

section 879(2)

 
 

the application of the Act to Scotland)

  
 

provider (in relation to a bank arrangement) (in

section 704(4)(b)

 
 

Chapter 4 of Part 6)

  

15

 

provider (in relation to a building society

section 704(5)(b)

 
 

arrangement) (in Chapter 4 of Part 6)

  
 

provider (in relation to a European authorised

section 704(6)

 
 

institution arrangement) (in Chapter 4 of Part 6)

  
 

provides foster care (and related expressions) (in

section 806

 

20

 

Chapter 2 of Part 7)

  
 

public body (in Chapter 2 of Part 5)

section 603(2)

 
 

purchased life annuity (in Chapter 7 of Part 4)

section 423

 
 

qualifying distribution

section 832(1) of ICTA

 
 

qualifying policy

section 832(1) of ICTA

 

25

 

qualifying trade, profession or vocation (in

section 221(2)

 
 

Chapter 16 of Part 2)

  
 

the rate applicable to trusts

section 832(1) of ICTA

 
 

receipt period (of a receipt) (for the purposes of

sections 288(6), 296(3)

 
 

Chapter 4 of Part 3)

  

30

 

receipts and expenses (in the context of the

section 27 (including

 
 

calculation of the profits of a trade, profession or

as applied by section

 
 

vocation or of a property business) (in the

272)

 
 

Income Tax Acts)

  
 

recognised futures exchange

section 558(3)

 

35

 

recognised stock exchange

section 841(1) of ICTA

 
 

 

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

593

 
 

reduction under section 288 by reference to a

section 290(6)

 
 

taxed receipt (in Chapter 4 of Part 3)

  
 

reduction under section 37(2) or (3) of ICTA by

section 297(2)

 
 

reference to an amount chargeable on the

  
 

superior interest (in Chapter 4 of Part 3)

  

5

 

registered pension scheme

section 832(1) of ICTA

 
  

and section 150(2) of

 
  

FA 2004

 
 

related (in relation to a policy) (in Chapter 9 of

section 491(6)

 
 

Part 4)

  

10

 

related transactions (in Chapter 12 of Part 4)

section 566

 
 

relevant allowance (in Chapter 1 of Part 7)

section 802

 
 

relevant balancing charge (in Chapter 1 of Part 7)

section 802

 
 

relevant foreign income

section 830

 
 

relevant period (in Chapter 9 of Part 2)

section 133

 

15

 

the relevant profits (in Chapter 16 of Part 2)

section 221(1), (4), (5)

 
 

relevant telecommunication right (in Chapter 10

section 146

 
 

of Part 2)

  
 

rent receivable for a UK electric-line wayleave

section 345

 
 

(in Chapter 9 of Part 3)

  

20

 

rent receivable in connection with a UK section

section 336

 
 

12(4) concern (in Chapter 8 of Part 3)

  
 

rent (in Chapter 8 of Part 3)

section 336(3)

 
 

rent (in Chapter 9 of Part 3)

section 345(3)

 
 

rent-a-room receipts (in Chapter 1 of Part 7)

section 786

 

25

 

rent-a-room relief (in Chapter 1 of Part 7)

section 784

 
 

residence (in Chapter 1 of Part 7)

section 787

 
 

the residuary income of the estate (for the

section 666(1)

 
 

purposes of Chapter 6 of Part 5)

  
 

retail prices index

section 833(2) of ICTA

 

30

 

return from one or more disposals (in Chapter 12

section 561(1)

 
 

of Part 4)

  
 

reversion (in the application of Chapter 4 of Part

section 307(3)

 
 

3 to Scotland)

  
 

sale of an animal (for the purposes of Chapter 8

section 113(3)

 

35

 

of Part 2)

  
 

 

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

594

 
 

sale of know-how (for purposes of Chapter 14 of

sections 192(5)

 
 

Part 2)

  
 

sale of property (in Chapter 2 of Part 5)

sections 605(1), 606(1)

 
 

sale or transfer of trading stock (in Chapter 12 of

section 174(3)

 
 

Part 2)

  

5

 

sale proceeds of an animal (for the purposes of

section 113(4)

 
 

Chapter 8 of Part 2)

  
 

Schedule A business

section 832(1) of ICTA

 
 

settlement (in Chapter 5 of Part 5)

section 620

 
 

settlor (in Chapter 5 of Part 5)

section 620(1)

 

10

 

settlor (for the purposes of Chapter 9 of Part 4)

section 465(6)

 
 

share (in Chapter 8 of Part 4)

section 460(1)

 
 

share of residuary income of estate (for the

section 667

 
 

purposes of Chapter 6 of Part 5)

  
 

short-term lease (in Chapter 4 of Part 3)

section 276(6)

 

15

 

starting rate

section 832(1) of ICTA

 
 

statutory insolvency arrangement (in Part 2)

section 259

 
 

stock dividend income (in Chapter 5 of Part 4)

section 409(2)

 
 

strip (in Chapter 8 of Part 4)

section 444

 
 

substantial part of a herd (for purposes of

section 113(6)

 

20

 

Chapter 8 of Part 2)

  
 

surrender (in the application of the Act to

section 879(1)

 
 

Scotland)

  
 

tax advantage (in Chapter 8 of Part 4)

section 460(2)

 
 

tax year

section 878(1)

 

25

 

the tax year 2005-06 etc.

section 878(1)

 
 

taxed lease (in Chapter 4 of Part 3)

section 287(4)

 
 

taxed receipt (in Chapter 4 of Part 3)

section 287(4)

 
 

taxpayer (in Chapter 16 of Part 2)

section 221(1)

 
 

total income

section 835(1) of ICTA

 

30

 

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

section 807

 
 

total rent-a-room amount (in Chapter 1 of Part 7)

section 788

 
 

trade

section 832(1) of ICTA

 
 

 

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

595

 
 

trading stock (in relation to a trade) (in Chapter

section 174

 
 

12 of Part 2)

  
 

transfer of work in progress (in Chapter 12 of

section 183(2)

 
 

Part 2)

  
 

trusts an individual created (for the purposes of

section 465(6)

 

5

 

Chapter 9 of Part 4)

  
 

UK estate (in Chapter 6 of Part 5)

section 651(1)

 
 

UK property business

Chapter 2 of Part 3

 
 

UK resident (and references to a UK resident or a

section 878(1)

 
 

UK resident person)

  

10

 

Ulster Savings Certificates

section 693(7)

 
 

unit holder

section 832(1) of ICTA

 
 

unit trust scheme

section 832(1) of ICTA

 
 

United Kingdom

section 830(1) of ICTA

 
 

unreduced amount (of a taxed receipt) (in

sections 290(2) to (4),

 

15

 

Chapter 4 of Part 3)

296(4) to (6)

 
 

unused amount (of a taxed receipt) (for the

section 290(1), (5)

 
 

purposes of Chapter 4 of Part 3)

  
 

venture capital trust

section 842AA(1) of

 
  

ICTA

 

20

 

within the charge to tax

section 832(1) of ICTA

 
 

woodlands

section 876(4)

 
 

work in progress (in Chapter 12 of Part 2)

section 183(1)

 
 

 

 
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Revised 1 December 2004