Income Tax (Trading and Other Income) Bill

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Session 2004 - 05
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Income Tax (Trading and Other Income) Bill

Income Tax (Trading and Other Income) Bill (Volume I)
xxxvi

848
Assessment of partnerships
Calculation of partners’ shares
849
Calculation of firm’s profits or losses
850
Allocation of firm’s profits or losses between partners
851
Calculations etc. where firm has other income or losses
Firms with trading income
852
Carrying on by partner of notional trade
853
Basis periods for partners’ notional trades
Firms with trading and other source income
854
Carrying on by partner of notional business
855
Basis periods for partners’ notional businesses
856
Overlap profits from partners’ notional businesses
Firms with a foreign element
857
Partners to whom the remittance basis may apply
858
Resident partners and double taxation agreements
Miscellaneous
859
Special provisions about farming and property income
860
Adjustment income
861
Sale of patent rights: effect of partnership changes
862
Sale of patent rights: effect of later cessation of trade
863
Limited liability partnerships
Part 10
General provisions
Chapter 1
Introduction
864
Overview of Part 10
Chapter 2
General calculation rules etc.
Unpaid remuneration
865
Unpaid remuneration: non-trades and non-property businesses
Employee benefit contributions
866
Employee benefit contributions: non-trades and non-property businesses

Income Tax (Trading and Other Income) Bill (Volume I)
xxxvii

Business entertainment and gifts
867
Business entertainment and gifts: non-trades and non-property businesses
Social security contributions
868
Social security contributions: non-trades etc.
Penalties, interest and VAT surcharges
869
Penalties, interest and VAT surcharges: non-trades etc.
Crime-related payments
870
Crime-related payments: non-trades and non-property businesses
Apportionment of profits
871
Apportionment etc. of miscellaneous profits to tax year
Calculation of losses
872
Losses calculated on same basis as miscellaneous income
Chapter 3
Supplementary and general provisions
Orders and regulations
873
Orders and regulations made by Treasury or Board
Interpretation
874
Activities in UK sector of continental shelf
875
Meaning of “caravan”
876
Meaning of “farming” and related expressions
877
Meaning of grossing up
878
Other definitions
879
Interpretation: Scotland
880
Interpretation: Northern Ireland
General and final
881
Disapplication of corporation tax: section 9 of ICTA
882
Consequential amendments
883
Commencement and transitional provisions etc.
884
Repeals and revocations
885
Abbreviations and general index in Schedule 4
886
Short title

Income Tax (Trading and Other Income) Bill (Volume I)
xxxviii

Schedule 1   —
Consequential amendments
Part 1   —
Income and Corporation Taxes Act 1988
Part 2   —
Other enactments
Schedule 2   —
Transitionals and savings etc.
Part 1   —
General provisions
Part 2   —
Changes in the law
Part 3   —
Trading income
Part 4   —
Property income
Part 5   —
Savings and investment income: general
Part 6   —
Savings and investment income: insurance contracts and
policies made before certain dates
Part 7   —
Savings and investment income: gains from contracts for life
insurance etc. (personal portfolio bonds)
Part 8   —
Miscellaneous income
Part 9   —
Exempt income
Part 10   —
Foster-care relief
Part 11   —
Foreign income: special rules
Part 12   —
Other provisions
Schedule 3   —
Repeals and revocations
Schedule 4   —
Abbreviations and defined expressions
Part 1   —
Abbreviations of Acts
Part 2   —
Index of expressions defined in this Act etc.

© Parliamentary copyright 2005
Revised 4 February 2005