Taxation of Small Businesses 2023/2024:
The Taxation of Small Businesses 2023-24 is a practical guide to all aspects of direct taxation of small businesses in one volume. It is ideal for sole practitioners and small partnerships, but will be a handy reference guide for all tax advisers. The book aims to give a clear explanation of the rel...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
London
Spiramus Press
2023
|
| Ausgabe: | 16th ed |
| Online-Zugang: | HWR01 |
| Zusammenfassung: | The Taxation of Small Businesses 2023-24 is a practical guide to all aspects of direct taxation of small businesses in one volume. It is ideal for sole practitioners and small partnerships, but will be a handy reference guide for all tax advisers. The book aims to give a clear explanation of the relevant legislation and practical advice on ways of minimising clients' tax liabilities and warning against common pitfalls |
| Beschreibung: | Description based on publisher supplied metadata and other sources |
| Beschreibung: | 1 Online-Ressource (476 Seiten) |
| ISBN: | 9781913507473 |
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| 245 | 1 | 0 | |a Taxation of Small Businesses 2023/2024 |
| 250 | |a 16th ed | ||
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| 500 | |a Description based on publisher supplied metadata and other sources | ||
| 505 | 8 | |a Intro -- About the author -- Contents -- List of abbreviations -- Tables of authorities -- Cases -- Statutes -- Regulations -- Chapter 1. Income Tax Computation -- 1.1. Aggregation of Taxpayer's Income -- 1.2. Interest -- 1.3. Limit on Deductions from Adjusted Net Income -- 1.4. Payments to Charities -- 1.4.1. Gift Aid scheme -- 1.4.2. Gifts of land and buildings or shares -- 1.5. Personal Allowances Deducted from Net Income -- 1.5.1. Introduction -- 1.5.2. Personal allowance -- 1.5.3. Transfer of Personal Allowance -- 1.5.4. Blind person's allowance -- 1.5.5. Trading allowance -- 1.5.6. Property allowance -- 1.6. Computation of Tax -- 1.6.1. Tax rates -- 1.6.2. Scottish and Welsh rates of income tax -- 1.6.3. Extension of basic rate band -- 1.6.4. Savings allowance -- 1.6.5. Dividend Nil Rate Band -- 1.7. Tax Reducers -- 1.7.1. Categories of tax reducers -- 1.7.2. Married couple's age allowance (MCAA) -- 1.7.3. Reduction in MCAA -- 1.7.4. Marriage during tax year -- 1.7.5. Transfer of MCAA -- 1.7.6. Maintenance payments -- 1.8. Tax Retained on Interest, Royalties and Gift Aid donations -- 1.9. -- 1.10. Comprehensive Example -- 1.11. Death and Separation -- 1.11.1. Death -- 1.11.2. Divorce and separation -- 1.12. Married Couples - Joint Property -- 1.13. Minor Children -- 1.14. High Income Child Benefit Charge -- Chapter 2. Taxation of Trading Income -- 2.1. Introduction -- 2.2. Statutory Definitions of Trading -- 2.3. Statutory Trades -- 2.4. Case Law -- 2.4.1. Badges of trade -- 2.4.2. Trading or investment -- 2.4.3. Profit motive -- 2.4.4. Subject matter -- 2.4.5. Frequency of transactions -- 2.4.6. Length of ownership -- 2.4.7. Supplementary work -- 2.4.8. Manner in which assets are acquired and circumstances surrounding sale -- 2.5. Gambling and Speculation -- 2.6. Illegal Activities -- 2.7. Individuals Trading in Shares | |
| 505 | 8 | |a 2.8. Definition of Trading - National Insurance -- 2.9. Mutual Trading -- 2.10. Election to Use Cash Basis -- 2.10.1. Conditions for making election -- 2.10.2. Amendments to rules relating to computation of profits -- 2.10.3. Transitional provisions - unrelieved capital expenditure -- 2.10.4. Spreading of adjustment income -- 2.11. Capital and Revenue Receipts -- 2.11.1. General principles -- 2.11.2. Compensation for loss or sterilisation of profit-making apparatus -- 2.11.3. Compensation for loss of profit -- 2.11.4. Compensation for loss of or damage to fixed assets -- 2.11.5. Compensation and liability to tax -- 2.11.6. Know-how -- 2.11.7. Foreign currency transactions -- 2.11.8. Grants -- 2.12. Receipts not Received in Course of Trade -- 2.12.1. Non-contractual receipts -- 2.12.2. Unclaimed money -- 2.12.3. Commission, discounts and cashback -- 2.12.4. Sponsorship -- 2.13. Other Receipts -- 2.13.1. Rebates, insurance receipts, damages, statutory payments and interest -- 2.13.2. Release from debts -- 2.13.3. Directors' fees and professional appointments -- 2.13.4. Rent receivable -- 2.13.5. Casual receipts -- 2.13.6. Receipts in kind -- 2.13.7. Post-cessation receipts -- 2.13.8. Coronavirus Support Payments -- 2.14. Capital and Revenue Payments -- 2.15. Expenditure Incurred in the Course of a Trade -- 2.16. Duality of Purpose -- 2.16.1. General principles -- 2.16.2. Expenditure on meals -- 2.16.3. Business clothing -- 2.16.4. Travel and motoring expenses -- 2.16.5. Duality of purpose - other items -- 2.17. Repairs and Maintenance -- 2.18. Replacement of Assets -- 2.19. Depreciation and Amortisation -- 2.20. Subscriptions and Donations -- 2.21. Sponsorship -- 2.22. Bad Debts -- 2.23. Provisions -- 2.24. Payments to Employees & -- Appropriations of Profit -- 2.25. Entertainment -- 2.26. Gifts to Customers and Samples | |
| 505 | 8 | |a 2.27. Gifts to Educational Establishments and Charities -- 2.28. Cost of Leasing Cars -- 2.29. Legal and Professional Fees -- 2.30. Fines and Payments Against the Public Interest -- 2.31. Interest and Bank Charges -- 2.32. Pre-trading Expenditure -- 2.33. Indirect Taxation -- 2.34. Compensation and ex gratia Payments to Former Employees -- 2.35. Redundancy Payments -- 2.36. Removal Expenses to New Business Premises -- 2.37. Premiums for Insurance -- 2.38. Payments to Employees for Restrictive Undertakings -- 2.39. Staff Training and Development -- 2.40. Counselling Courses in Connection with Termination of Employment -- 2.41. Payments to Secure Release from Unprofitable Contracts -- 2.42. Payments to Political Parties -- 2.43. Preservation of Goodwill -- 2.44. Payments on the Cessation of Trade -- 2.45. Post-cessation Expenditure -- 2.46. Rent -- 2.47. Lease Premium -- 2.48. Patents and Intellectual Property -- 2.49. Telephone -- 2.50. Business Rates and Council Tax -- 2.51. Security Expenditure -- 2.52. Loan Guarantee Payments -- 2.53. Use of Home -- 2.54. Website Expenditure -- 2.55. Expenses Connected with Foreign Trades -- 2.56. Valuation of Stock -- 2.56.1. General principles -- 2.56.2. Appropriations of stock -- 2.56.3. Long-term contracts -- 2.56.4. Discontinuation of trade -- 2.57. Overseas Aspects of Trading -- 2.57.1. Chargeability of overseas trades -- 2.57.2. Computation of profits of overseas trades -- 2.57.3. Traders not resident in the UK -- 2.57.4. Payments to entertainers and sportsmen -- Chapter 3. Capital Allowances on Plant and Machinery -- 3.1. Introduction -- 3.2. Definition of Plant and Machinery -- 3.2.1. Statutory rules -- 3.2.2. Case law -- 3.3. Assets Deemed to be Plant and Machinery -- 3.3.1. Thermal insulation of industrial buildings -- 3.3.2. Assets acquired for personal security -- 3.3.3. Computer software | |
| 505 | 8 | |a 3.4. Definition of Expenditure -- 3.4.1. General principle -- 3.4.2. Grants, subsidies and contributions -- 3.4.3. Loan interest -- 3.4.4. Exchange rate fluctuations -- 3.4.5. Assets originally acquired for non-qualifying purposes -- 3.4.6. Assets acquired at undervalue -- 3.5. Date of Expenditure -- 3.6. Disposal of Assets -- 3.7. Allowances -- 3.7.1. Writing down allowance (WDA) -- 3.7.2. Annual investment allowance (AIA) -- 3.7.3. Assets eligible for 100% ECA -- Cars with low CO2 emissions -- Expenditure on zero-emission goods vehicles -- Expenditure on plant or machinery for gas refuelling stations -- Expenditure on electric vehicle charging points -- 3.8. Calculation of Capital Allowances -- 3.8.1. Categories of plant and machinery -- General pool expenditure -- Special rate expenditure -- Assets with private use -- Partial depreciation subsidies -- 3.9. Short-life Assets -- 3.10. Cessations and Successions -- 3.10.1. Cessations -- 3.10.2. Successions -- 3.11. Hire Purchase and Leasing -- 3.12. Fixtures -- 3.12.1. Definition -- 3.12.2. Fixture installed in building in which qualifying activity is carried on -- 3.12.3. Transfer of allowances to lessee -- 3.12.4. Equipment leases -- 3.13. Disposal of Fixtures -- 3.13.1. Sale of qualifying interest -- 3.13.2. Expiry of qualifying interest -- 3.13.3. Discontinuance of qualifying activity -- 3.13.4. Use of fixture for purpose other than qualifying activity -- 3.13.5. Transfer of allowances to lessee -- 3.13.6. Severance of fixture -- 3.13.7. Fixture which is subject of an equipment lease or is owned by energy services provider -- 3.13.8. Merger of interest -- 3.13.9. Apportionment of sale proceeds -- 3.13.10. Allowances claimed by subsequent owner -- 3.13.11. Fixtures - anti-avoidance provision -- 3.14. Anti-avoidance -- Number -- Chapter 4. Other Allowances | |
| 505 | 8 | |a 4.1. Business Premises Renovation Allowance -- 4.1.1. Qualifying expenditure -- 4.1.2. Qualifying building -- 4.1.3. Relevant interest -- 4.1.4. Initial allowance -- 4.1.5. Writing down allowance -- 4.1.6. Grants and payments towards expenditure -- 4.1.7. Balancing adjustments -- 4.1.8. Termination of lease -- 4.2. Patents -- 4.3. Know-how -- 4.4. Structures and Buildings Allowances -- 4.4.1. Introduction -- 4.4.2. Rate of allowance and relevant interest -- 4.4.3. Qualifying activities and use -- 4.4.4. Qualifying expenditure -- Chapter 5. Basis Periods -- 5.1. Reform of Basis Period Rules -- 5.2. Transitional Provisions for 2023/24 -- Chapter 6. Trading Losses -- 6.1. Introduction -- 6.2. Offset Against Future Trading Income -- 6.3. Transfer of Business to a Company -- 6.4. Offset Against Total Income and Carry-back -- 6.5. Temporary Extension of Carry-back Period -- 6.6. Offset Against Capital Gains -- 6.7. Losses in the Early Years of Trading -- 6.8. Terminal Loss Relief -- 6.9. Tax planning and loss relief -- 6.10. Restriction of Loss Relief -- 6.11. Late Claims -- Chapter 7. Property Income -- 7.1. Introduction -- 7.2. Basis of Assessment -- 7.3. Dilapidations -- 7.4. Lease Premiums -- 7.4.1. Premium taxable as property income -- 7.4.2. Duration of lease -- 7.4.3. Amount of premium -- 7.4.4. Premiums on grant of sub-lease -- 7.4.5. Reverse premiums -- 7.4.6. Assignment of leases granted at undervalue -- 7.5. Sale with Right of Conveyance -- 7.6. Expenditure Deductible -- 7.7. Sea Walls -- 7.8. Mutual Business -- 7.9. Relief for Capital Expenditure -- 7.10. Losses -- 7.11. Furnished Holiday Lettings -- 7.12. Rent a Room Scheme -- Chapter 8. Employment and Self-employment -- 8.1. Introduction -- 8.2. Benefits of Self-employment -- 8.3. Definition of Employment and Self-employment -- 8.4. Tests for Employment -- 8.4.1. General principles | |
| 505 | 8 | |a 8.4.2. Mutuality of obligations | |
| 520 | |a The Taxation of Small Businesses 2023-24 is a practical guide to all aspects of direct taxation of small businesses in one volume. It is ideal for sole practitioners and small partnerships, but will be a handy reference guide for all tax advisers. The book aims to give a clear explanation of the relevant legislation and practical advice on ways of minimising clients' tax liabilities and warning against common pitfalls | ||
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |a James, Malcolm |t Taxation of Small Businesses 2023/2024 |d London : Spiramus Press,c2023 |z 9781910151129 |
| 912 | |a ZDB-30-PQE | ||
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Datensatz im Suchindex
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| author | James, Malcolm |
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| contents | Intro -- About the author -- Contents -- List of abbreviations -- Tables of authorities -- Cases -- Statutes -- Regulations -- Chapter 1. Income Tax Computation -- 1.1. Aggregation of Taxpayer's Income -- 1.2. Interest -- 1.3. Limit on Deductions from Adjusted Net Income -- 1.4. Payments to Charities -- 1.4.1. Gift Aid scheme -- 1.4.2. Gifts of land and buildings or shares -- 1.5. Personal Allowances Deducted from Net Income -- 1.5.1. Introduction -- 1.5.2. Personal allowance -- 1.5.3. Transfer of Personal Allowance -- 1.5.4. Blind person's allowance -- 1.5.5. Trading allowance -- 1.5.6. Property allowance -- 1.6. Computation of Tax -- 1.6.1. Tax rates -- 1.6.2. Scottish and Welsh rates of income tax -- 1.6.3. Extension of basic rate band -- 1.6.4. Savings allowance -- 1.6.5. Dividend Nil Rate Band -- 1.7. Tax Reducers -- 1.7.1. Categories of tax reducers -- 1.7.2. Married couple's age allowance (MCAA) -- 1.7.3. Reduction in MCAA -- 1.7.4. Marriage during tax year -- 1.7.5. Transfer of MCAA -- 1.7.6. Maintenance payments -- 1.8. Tax Retained on Interest, Royalties and Gift Aid donations -- 1.9. -- 1.10. Comprehensive Example -- 1.11. Death and Separation -- 1.11.1. Death -- 1.11.2. Divorce and separation -- 1.12. Married Couples - Joint Property -- 1.13. Minor Children -- 1.14. High Income Child Benefit Charge -- Chapter 2. Taxation of Trading Income -- 2.1. Introduction -- 2.2. Statutory Definitions of Trading -- 2.3. Statutory Trades -- 2.4. Case Law -- 2.4.1. Badges of trade -- 2.4.2. Trading or investment -- 2.4.3. Profit motive -- 2.4.4. Subject matter -- 2.4.5. Frequency of transactions -- 2.4.6. Length of ownership -- 2.4.7. Supplementary work -- 2.4.8. Manner in which assets are acquired and circumstances surrounding sale -- 2.5. Gambling and Speculation -- 2.6. Illegal Activities -- 2.7. Individuals Trading in Shares 2.8. Definition of Trading - National Insurance -- 2.9. Mutual Trading -- 2.10. Election to Use Cash Basis -- 2.10.1. Conditions for making election -- 2.10.2. Amendments to rules relating to computation of profits -- 2.10.3. Transitional provisions - unrelieved capital expenditure -- 2.10.4. Spreading of adjustment income -- 2.11. Capital and Revenue Receipts -- 2.11.1. General principles -- 2.11.2. Compensation for loss or sterilisation of profit-making apparatus -- 2.11.3. Compensation for loss of profit -- 2.11.4. Compensation for loss of or damage to fixed assets -- 2.11.5. Compensation and liability to tax -- 2.11.6. Know-how -- 2.11.7. Foreign currency transactions -- 2.11.8. Grants -- 2.12. Receipts not Received in Course of Trade -- 2.12.1. Non-contractual receipts -- 2.12.2. Unclaimed money -- 2.12.3. Commission, discounts and cashback -- 2.12.4. Sponsorship -- 2.13. Other Receipts -- 2.13.1. Rebates, insurance receipts, damages, statutory payments and interest -- 2.13.2. Release from debts -- 2.13.3. Directors' fees and professional appointments -- 2.13.4. Rent receivable -- 2.13.5. Casual receipts -- 2.13.6. Receipts in kind -- 2.13.7. Post-cessation receipts -- 2.13.8. Coronavirus Support Payments -- 2.14. Capital and Revenue Payments -- 2.15. Expenditure Incurred in the Course of a Trade -- 2.16. Duality of Purpose -- 2.16.1. General principles -- 2.16.2. Expenditure on meals -- 2.16.3. Business clothing -- 2.16.4. Travel and motoring expenses -- 2.16.5. Duality of purpose - other items -- 2.17. Repairs and Maintenance -- 2.18. Replacement of Assets -- 2.19. Depreciation and Amortisation -- 2.20. Subscriptions and Donations -- 2.21. Sponsorship -- 2.22. Bad Debts -- 2.23. Provisions -- 2.24. Payments to Employees & -- Appropriations of Profit -- 2.25. Entertainment -- 2.26. Gifts to Customers and Samples 2.27. Gifts to Educational Establishments and Charities -- 2.28. Cost of Leasing Cars -- 2.29. Legal and Professional Fees -- 2.30. Fines and Payments Against the Public Interest -- 2.31. Interest and Bank Charges -- 2.32. Pre-trading Expenditure -- 2.33. Indirect Taxation -- 2.34. Compensation and ex gratia Payments to Former Employees -- 2.35. Redundancy Payments -- 2.36. Removal Expenses to New Business Premises -- 2.37. Premiums for Insurance -- 2.38. Payments to Employees for Restrictive Undertakings -- 2.39. Staff Training and Development -- 2.40. Counselling Courses in Connection with Termination of Employment -- 2.41. Payments to Secure Release from Unprofitable Contracts -- 2.42. Payments to Political Parties -- 2.43. Preservation of Goodwill -- 2.44. Payments on the Cessation of Trade -- 2.45. Post-cessation Expenditure -- 2.46. Rent -- 2.47. Lease Premium -- 2.48. Patents and Intellectual Property -- 2.49. Telephone -- 2.50. Business Rates and Council Tax -- 2.51. Security Expenditure -- 2.52. Loan Guarantee Payments -- 2.53. Use of Home -- 2.54. Website Expenditure -- 2.55. Expenses Connected with Foreign Trades -- 2.56. Valuation of Stock -- 2.56.1. General principles -- 2.56.2. Appropriations of stock -- 2.56.3. Long-term contracts -- 2.56.4. Discontinuation of trade -- 2.57. Overseas Aspects of Trading -- 2.57.1. Chargeability of overseas trades -- 2.57.2. Computation of profits of overseas trades -- 2.57.3. Traders not resident in the UK -- 2.57.4. Payments to entertainers and sportsmen -- Chapter 3. Capital Allowances on Plant and Machinery -- 3.1. Introduction -- 3.2. Definition of Plant and Machinery -- 3.2.1. Statutory rules -- 3.2.2. Case law -- 3.3. Assets Deemed to be Plant and Machinery -- 3.3.1. Thermal insulation of industrial buildings -- 3.3.2. Assets acquired for personal security -- 3.3.3. Computer software 3.4. Definition of Expenditure -- 3.4.1. General principle -- 3.4.2. Grants, subsidies and contributions -- 3.4.3. Loan interest -- 3.4.4. Exchange rate fluctuations -- 3.4.5. Assets originally acquired for non-qualifying purposes -- 3.4.6. Assets acquired at undervalue -- 3.5. Date of Expenditure -- 3.6. Disposal of Assets -- 3.7. Allowances -- 3.7.1. Writing down allowance (WDA) -- 3.7.2. Annual investment allowance (AIA) -- 3.7.3. Assets eligible for 100% ECA -- Cars with low CO2 emissions -- Expenditure on zero-emission goods vehicles -- Expenditure on plant or machinery for gas refuelling stations -- Expenditure on electric vehicle charging points -- 3.8. Calculation of Capital Allowances -- 3.8.1. Categories of plant and machinery -- General pool expenditure -- Special rate expenditure -- Assets with private use -- Partial depreciation subsidies -- 3.9. Short-life Assets -- 3.10. Cessations and Successions -- 3.10.1. Cessations -- 3.10.2. Successions -- 3.11. Hire Purchase and Leasing -- 3.12. Fixtures -- 3.12.1. Definition -- 3.12.2. Fixture installed in building in which qualifying activity is carried on -- 3.12.3. Transfer of allowances to lessee -- 3.12.4. Equipment leases -- 3.13. Disposal of Fixtures -- 3.13.1. Sale of qualifying interest -- 3.13.2. Expiry of qualifying interest -- 3.13.3. Discontinuance of qualifying activity -- 3.13.4. Use of fixture for purpose other than qualifying activity -- 3.13.5. Transfer of allowances to lessee -- 3.13.6. Severance of fixture -- 3.13.7. Fixture which is subject of an equipment lease or is owned by energy services provider -- 3.13.8. Merger of interest -- 3.13.9. Apportionment of sale proceeds -- 3.13.10. Allowances claimed by subsequent owner -- 3.13.11. Fixtures - anti-avoidance provision -- 3.14. Anti-avoidance -- Number -- Chapter 4. Other Allowances 4.1. Business Premises Renovation Allowance -- 4.1.1. Qualifying expenditure -- 4.1.2. Qualifying building -- 4.1.3. Relevant interest -- 4.1.4. Initial allowance -- 4.1.5. Writing down allowance -- 4.1.6. Grants and payments towards expenditure -- 4.1.7. Balancing adjustments -- 4.1.8. Termination of lease -- 4.2. Patents -- 4.3. Know-how -- 4.4. Structures and Buildings Allowances -- 4.4.1. Introduction -- 4.4.2. Rate of allowance and relevant interest -- 4.4.3. Qualifying activities and use -- 4.4.4. Qualifying expenditure -- Chapter 5. Basis Periods -- 5.1. Reform of Basis Period Rules -- 5.2. Transitional Provisions for 2023/24 -- Chapter 6. Trading Losses -- 6.1. Introduction -- 6.2. Offset Against Future Trading Income -- 6.3. Transfer of Business to a Company -- 6.4. Offset Against Total Income and Carry-back -- 6.5. Temporary Extension of Carry-back Period -- 6.6. Offset Against Capital Gains -- 6.7. Losses in the Early Years of Trading -- 6.8. Terminal Loss Relief -- 6.9. Tax planning and loss relief -- 6.10. Restriction of Loss Relief -- 6.11. Late Claims -- Chapter 7. Property Income -- 7.1. Introduction -- 7.2. Basis of Assessment -- 7.3. Dilapidations -- 7.4. Lease Premiums -- 7.4.1. Premium taxable as property income -- 7.4.2. Duration of lease -- 7.4.3. Amount of premium -- 7.4.4. Premiums on grant of sub-lease -- 7.4.5. Reverse premiums -- 7.4.6. Assignment of leases granted at undervalue -- 7.5. Sale with Right of Conveyance -- 7.6. Expenditure Deductible -- 7.7. Sea Walls -- 7.8. Mutual Business -- 7.9. Relief for Capital Expenditure -- 7.10. Losses -- 7.11. Furnished Holiday Lettings -- 7.12. Rent a Room Scheme -- Chapter 8. Employment and Self-employment -- 8.1. Introduction -- 8.2. Benefits of Self-employment -- 8.3. Definition of Employment and Self-employment -- 8.4. Tests for Employment -- 8.4.1. General principles 8.4.2. Mutuality of obligations |
| ctrlnum | (ZDB-30-PQE)EBC30741872 (ZDB-30-PAD)EBC30741872 (ZDB-89-EBL)EBL30741872 (OCoLC)1397570277 (DE-599)BVBBV049409587 |
| dewey-full | 343.41068 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 343 - Military, tax, trade & industrial law |
| dewey-raw | 343.41068 |
| dewey-search | 343.41068 |
| dewey-sort | 3343.41068 |
| dewey-tens | 340 - Law |
| discipline | Rechtswissenschaft |
| discipline_str_mv | Rechtswissenschaft |
| edition | 16th ed |
| format | Electronic eBook |
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Income Tax Computation -- 1.1. Aggregation of Taxpayer's Income -- 1.2. Interest -- 1.3. Limit on Deductions from Adjusted Net Income -- 1.4. Payments to Charities -- 1.4.1. Gift Aid scheme -- 1.4.2. Gifts of land and buildings or shares -- 1.5. Personal Allowances Deducted from Net Income -- 1.5.1. Introduction -- 1.5.2. Personal allowance -- 1.5.3. Transfer of Personal Allowance -- 1.5.4. Blind person's allowance -- 1.5.5. Trading allowance -- 1.5.6. Property allowance -- 1.6. Computation of Tax -- 1.6.1. Tax rates -- 1.6.2. Scottish and Welsh rates of income tax -- 1.6.3. Extension of basic rate band -- 1.6.4. Savings allowance -- 1.6.5. Dividend Nil Rate Band -- 1.7. Tax Reducers -- 1.7.1. Categories of tax reducers -- 1.7.2. Married couple's age allowance (MCAA) -- 1.7.3. Reduction in MCAA -- 1.7.4. Marriage during tax year -- 1.7.5. Transfer of MCAA -- 1.7.6. Maintenance payments -- 1.8. Tax Retained on Interest, Royalties and Gift Aid donations -- 1.9. -- 1.10. Comprehensive Example -- 1.11. Death and Separation -- 1.11.1. Death -- 1.11.2. Divorce and separation -- 1.12. Married Couples - Joint Property -- 1.13. Minor Children -- 1.14. High Income Child Benefit Charge -- Chapter 2. Taxation of Trading Income -- 2.1. Introduction -- 2.2. Statutory Definitions of Trading -- 2.3. Statutory Trades -- 2.4. Case Law -- 2.4.1. Badges of trade -- 2.4.2. Trading or investment -- 2.4.3. Profit motive -- 2.4.4. Subject matter -- 2.4.5. Frequency of transactions -- 2.4.6. Length of ownership -- 2.4.7. Supplementary work -- 2.4.8. Manner in which assets are acquired and circumstances surrounding sale -- 2.5. Gambling and Speculation -- 2.6. Illegal Activities -- 2.7. Individuals Trading in Shares</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">2.8. Definition of Trading - National Insurance -- 2.9. Mutual Trading -- 2.10. Election to Use Cash Basis -- 2.10.1. Conditions for making election -- 2.10.2. Amendments to rules relating to computation of profits -- 2.10.3. Transitional provisions - unrelieved capital expenditure -- 2.10.4. Spreading of adjustment income -- 2.11. Capital and Revenue Receipts -- 2.11.1. General principles -- 2.11.2. Compensation for loss or sterilisation of profit-making apparatus -- 2.11.3. Compensation for loss of profit -- 2.11.4. Compensation for loss of or damage to fixed assets -- 2.11.5. Compensation and liability to tax -- 2.11.6. Know-how -- 2.11.7. Foreign currency transactions -- 2.11.8. Grants -- 2.12. Receipts not Received in Course of Trade -- 2.12.1. Non-contractual receipts -- 2.12.2. Unclaimed money -- 2.12.3. Commission, discounts and cashback -- 2.12.4. Sponsorship -- 2.13. Other Receipts -- 2.13.1. Rebates, insurance receipts, damages, statutory payments and interest -- 2.13.2. Release from debts -- 2.13.3. Directors' fees and professional appointments -- 2.13.4. Rent receivable -- 2.13.5. Casual receipts -- 2.13.6. Receipts in kind -- 2.13.7. Post-cessation receipts -- 2.13.8. Coronavirus Support Payments -- 2.14. Capital and Revenue Payments -- 2.15. Expenditure Incurred in the Course of a Trade -- 2.16. Duality of Purpose -- 2.16.1. General principles -- 2.16.2. Expenditure on meals -- 2.16.3. Business clothing -- 2.16.4. Travel and motoring expenses -- 2.16.5. Duality of purpose - other items -- 2.17. Repairs and Maintenance -- 2.18. Replacement of Assets -- 2.19. Depreciation and Amortisation -- 2.20. Subscriptions and Donations -- 2.21. Sponsorship -- 2.22. Bad Debts -- 2.23. Provisions -- 2.24. Payments to Employees &amp -- Appropriations of Profit -- 2.25. Entertainment -- 2.26. Gifts to Customers and Samples</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">2.27. Gifts to Educational Establishments and Charities -- 2.28. Cost of Leasing Cars -- 2.29. Legal and Professional Fees -- 2.30. Fines and Payments Against the Public Interest -- 2.31. Interest and Bank Charges -- 2.32. Pre-trading Expenditure -- 2.33. Indirect Taxation -- 2.34. Compensation and ex gratia Payments to Former Employees -- 2.35. Redundancy Payments -- 2.36. Removal Expenses to New Business Premises -- 2.37. Premiums for Insurance -- 2.38. Payments to Employees for Restrictive Undertakings -- 2.39. Staff Training and Development -- 2.40. Counselling Courses in Connection with Termination of Employment -- 2.41. Payments to Secure Release from Unprofitable Contracts -- 2.42. Payments to Political Parties -- 2.43. Preservation of Goodwill -- 2.44. Payments on the Cessation of Trade -- 2.45. Post-cessation Expenditure -- 2.46. Rent -- 2.47. Lease Premium -- 2.48. Patents and Intellectual Property -- 2.49. Telephone -- 2.50. Business Rates and Council Tax -- 2.51. Security Expenditure -- 2.52. Loan Guarantee Payments -- 2.53. Use of Home -- 2.54. Website Expenditure -- 2.55. Expenses Connected with Foreign Trades -- 2.56. Valuation of Stock -- 2.56.1. General principles -- 2.56.2. Appropriations of stock -- 2.56.3. Long-term contracts -- 2.56.4. Discontinuation of trade -- 2.57. Overseas Aspects of Trading -- 2.57.1. Chargeability of overseas trades -- 2.57.2. Computation of profits of overseas trades -- 2.57.3. Traders not resident in the UK -- 2.57.4. Payments to entertainers and sportsmen -- Chapter 3. Capital Allowances on Plant and Machinery -- 3.1. Introduction -- 3.2. Definition of Plant and Machinery -- 3.2.1. Statutory rules -- 3.2.2. Case law -- 3.3. Assets Deemed to be Plant and Machinery -- 3.3.1. Thermal insulation of industrial buildings -- 3.3.2. Assets acquired for personal security -- 3.3.3. Computer software</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">3.4. Definition of Expenditure -- 3.4.1. General principle -- 3.4.2. Grants, subsidies and contributions -- 3.4.3. Loan interest -- 3.4.4. Exchange rate fluctuations -- 3.4.5. Assets originally acquired for non-qualifying purposes -- 3.4.6. Assets acquired at undervalue -- 3.5. Date of Expenditure -- 3.6. Disposal of Assets -- 3.7. Allowances -- 3.7.1. Writing down allowance (WDA) -- 3.7.2. Annual investment allowance (AIA) -- 3.7.3. Assets eligible for 100% ECA -- Cars with low CO2 emissions -- Expenditure on zero-emission goods vehicles -- Expenditure on plant or machinery for gas refuelling stations -- Expenditure on electric vehicle charging points -- 3.8. Calculation of Capital Allowances -- 3.8.1. Categories of plant and machinery -- General pool expenditure -- Special rate expenditure -- Assets with private use -- Partial depreciation subsidies -- 3.9. Short-life Assets -- 3.10. Cessations and Successions -- 3.10.1. Cessations -- 3.10.2. Successions -- 3.11. Hire Purchase and Leasing -- 3.12. Fixtures -- 3.12.1. Definition -- 3.12.2. Fixture installed in building in which qualifying activity is carried on -- 3.12.3. Transfer of allowances to lessee -- 3.12.4. Equipment leases -- 3.13. Disposal of Fixtures -- 3.13.1. Sale of qualifying interest -- 3.13.2. Expiry of qualifying interest -- 3.13.3. Discontinuance of qualifying activity -- 3.13.4. Use of fixture for purpose other than qualifying activity -- 3.13.5. Transfer of allowances to lessee -- 3.13.6. Severance of fixture -- 3.13.7. Fixture which is subject of an equipment lease or is owned by energy services provider -- 3.13.8. Merger of interest -- 3.13.9. Apportionment of sale proceeds -- 3.13.10. Allowances claimed by subsequent owner -- 3.13.11. Fixtures - anti-avoidance provision -- 3.14. Anti-avoidance -- Number -- Chapter 4. Other Allowances</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">4.1. Business Premises Renovation Allowance -- 4.1.1. Qualifying expenditure -- 4.1.2. Qualifying building -- 4.1.3. Relevant interest -- 4.1.4. Initial allowance -- 4.1.5. Writing down allowance -- 4.1.6. Grants and payments towards expenditure -- 4.1.7. Balancing adjustments -- 4.1.8. Termination of lease -- 4.2. Patents -- 4.3. Know-how -- 4.4. Structures and Buildings Allowances -- 4.4.1. Introduction -- 4.4.2. Rate of allowance and relevant interest -- 4.4.3. Qualifying activities and use -- 4.4.4. Qualifying expenditure -- Chapter 5. Basis Periods -- 5.1. Reform of Basis Period Rules -- 5.2. Transitional Provisions for 2023/24 -- Chapter 6. Trading Losses -- 6.1. Introduction -- 6.2. Offset Against Future Trading Income -- 6.3. Transfer of Business to a Company -- 6.4. Offset Against Total Income and Carry-back -- 6.5. Temporary Extension of Carry-back Period -- 6.6. Offset Against Capital Gains -- 6.7. Losses in the Early Years of Trading -- 6.8. Terminal Loss Relief -- 6.9. Tax planning and loss relief -- 6.10. Restriction of Loss Relief -- 6.11. Late Claims -- Chapter 7. Property Income -- 7.1. Introduction -- 7.2. Basis of Assessment -- 7.3. Dilapidations -- 7.4. Lease Premiums -- 7.4.1. Premium taxable as property income -- 7.4.2. Duration of lease -- 7.4.3. Amount of premium -- 7.4.4. Premiums on grant of sub-lease -- 7.4.5. Reverse premiums -- 7.4.6. Assignment of leases granted at undervalue -- 7.5. Sale with Right of Conveyance -- 7.6. Expenditure Deductible -- 7.7. Sea Walls -- 7.8. Mutual Business -- 7.9. Relief for Capital Expenditure -- 7.10. Losses -- 7.11. Furnished Holiday Lettings -- 7.12. Rent a Room Scheme -- Chapter 8. Employment and Self-employment -- 8.1. Introduction -- 8.2. Benefits of Self-employment -- 8.3. Definition of Employment and Self-employment -- 8.4. Tests for Employment -- 8.4.1. General principles</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">8.4.2. 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| id | DE-604.BV049409587 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T23:05:38Z |
| indexdate | 2024-07-10T10:06:19Z |
| institution | BVB |
| isbn | 9781913507473 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-034736671 |
| oclc_num | 1397570277 |
| open_access_boolean | |
| owner | DE-2070s |
| owner_facet | DE-2070s |
| physical | 1 Online-Ressource (476 Seiten) |
| psigel | ZDB-30-PQE ZDB-30-PQE HWR_PDA_PQE |
| publishDate | 2023 |
| publishDateSearch | 2023 |
| publishDateSort | 2023 |
| publisher | Spiramus Press |
| record_format | marc |
| spelling | James, Malcolm Verfasser aut Taxation of Small Businesses 2023/2024 16th ed London Spiramus Press 2023 ©2023 1 Online-Ressource (476 Seiten) txt rdacontent c rdamedia cr rdacarrier Description based on publisher supplied metadata and other sources Intro -- About the author -- Contents -- List of abbreviations -- Tables of authorities -- Cases -- Statutes -- Regulations -- Chapter 1. Income Tax Computation -- 1.1. Aggregation of Taxpayer's Income -- 1.2. Interest -- 1.3. Limit on Deductions from Adjusted Net Income -- 1.4. Payments to Charities -- 1.4.1. Gift Aid scheme -- 1.4.2. Gifts of land and buildings or shares -- 1.5. Personal Allowances Deducted from Net Income -- 1.5.1. Introduction -- 1.5.2. Personal allowance -- 1.5.3. Transfer of Personal Allowance -- 1.5.4. Blind person's allowance -- 1.5.5. Trading allowance -- 1.5.6. Property allowance -- 1.6. Computation of Tax -- 1.6.1. Tax rates -- 1.6.2. Scottish and Welsh rates of income tax -- 1.6.3. Extension of basic rate band -- 1.6.4. Savings allowance -- 1.6.5. Dividend Nil Rate Band -- 1.7. Tax Reducers -- 1.7.1. Categories of tax reducers -- 1.7.2. Married couple's age allowance (MCAA) -- 1.7.3. Reduction in MCAA -- 1.7.4. Marriage during tax year -- 1.7.5. Transfer of MCAA -- 1.7.6. Maintenance payments -- 1.8. Tax Retained on Interest, Royalties and Gift Aid donations -- 1.9. -- 1.10. Comprehensive Example -- 1.11. Death and Separation -- 1.11.1. Death -- 1.11.2. Divorce and separation -- 1.12. Married Couples - Joint Property -- 1.13. Minor Children -- 1.14. High Income Child Benefit Charge -- Chapter 2. Taxation of Trading Income -- 2.1. Introduction -- 2.2. Statutory Definitions of Trading -- 2.3. Statutory Trades -- 2.4. Case Law -- 2.4.1. Badges of trade -- 2.4.2. Trading or investment -- 2.4.3. Profit motive -- 2.4.4. Subject matter -- 2.4.5. Frequency of transactions -- 2.4.6. Length of ownership -- 2.4.7. Supplementary work -- 2.4.8. Manner in which assets are acquired and circumstances surrounding sale -- 2.5. Gambling and Speculation -- 2.6. Illegal Activities -- 2.7. Individuals Trading in Shares 2.8. Definition of Trading - National Insurance -- 2.9. Mutual Trading -- 2.10. Election to Use Cash Basis -- 2.10.1. Conditions for making election -- 2.10.2. Amendments to rules relating to computation of profits -- 2.10.3. Transitional provisions - unrelieved capital expenditure -- 2.10.4. Spreading of adjustment income -- 2.11. Capital and Revenue Receipts -- 2.11.1. General principles -- 2.11.2. Compensation for loss or sterilisation of profit-making apparatus -- 2.11.3. Compensation for loss of profit -- 2.11.4. Compensation for loss of or damage to fixed assets -- 2.11.5. Compensation and liability to tax -- 2.11.6. Know-how -- 2.11.7. Foreign currency transactions -- 2.11.8. Grants -- 2.12. Receipts not Received in Course of Trade -- 2.12.1. Non-contractual receipts -- 2.12.2. Unclaimed money -- 2.12.3. Commission, discounts and cashback -- 2.12.4. Sponsorship -- 2.13. Other Receipts -- 2.13.1. Rebates, insurance receipts, damages, statutory payments and interest -- 2.13.2. Release from debts -- 2.13.3. Directors' fees and professional appointments -- 2.13.4. Rent receivable -- 2.13.5. Casual receipts -- 2.13.6. Receipts in kind -- 2.13.7. Post-cessation receipts -- 2.13.8. Coronavirus Support Payments -- 2.14. Capital and Revenue Payments -- 2.15. Expenditure Incurred in the Course of a Trade -- 2.16. Duality of Purpose -- 2.16.1. General principles -- 2.16.2. Expenditure on meals -- 2.16.3. Business clothing -- 2.16.4. Travel and motoring expenses -- 2.16.5. Duality of purpose - other items -- 2.17. Repairs and Maintenance -- 2.18. Replacement of Assets -- 2.19. Depreciation and Amortisation -- 2.20. Subscriptions and Donations -- 2.21. Sponsorship -- 2.22. Bad Debts -- 2.23. Provisions -- 2.24. Payments to Employees & -- Appropriations of Profit -- 2.25. Entertainment -- 2.26. Gifts to Customers and Samples 2.27. Gifts to Educational Establishments and Charities -- 2.28. Cost of Leasing Cars -- 2.29. Legal and Professional Fees -- 2.30. Fines and Payments Against the Public Interest -- 2.31. Interest and Bank Charges -- 2.32. Pre-trading Expenditure -- 2.33. Indirect Taxation -- 2.34. Compensation and ex gratia Payments to Former Employees -- 2.35. Redundancy Payments -- 2.36. Removal Expenses to New Business Premises -- 2.37. Premiums for Insurance -- 2.38. Payments to Employees for Restrictive Undertakings -- 2.39. Staff Training and Development -- 2.40. Counselling Courses in Connection with Termination of Employment -- 2.41. Payments to Secure Release from Unprofitable Contracts -- 2.42. Payments to Political Parties -- 2.43. Preservation of Goodwill -- 2.44. Payments on the Cessation of Trade -- 2.45. Post-cessation Expenditure -- 2.46. Rent -- 2.47. Lease Premium -- 2.48. Patents and Intellectual Property -- 2.49. Telephone -- 2.50. Business Rates and Council Tax -- 2.51. Security Expenditure -- 2.52. Loan Guarantee Payments -- 2.53. Use of Home -- 2.54. Website Expenditure -- 2.55. Expenses Connected with Foreign Trades -- 2.56. Valuation of Stock -- 2.56.1. General principles -- 2.56.2. Appropriations of stock -- 2.56.3. Long-term contracts -- 2.56.4. Discontinuation of trade -- 2.57. Overseas Aspects of Trading -- 2.57.1. Chargeability of overseas trades -- 2.57.2. Computation of profits of overseas trades -- 2.57.3. Traders not resident in the UK -- 2.57.4. Payments to entertainers and sportsmen -- Chapter 3. Capital Allowances on Plant and Machinery -- 3.1. Introduction -- 3.2. Definition of Plant and Machinery -- 3.2.1. Statutory rules -- 3.2.2. Case law -- 3.3. Assets Deemed to be Plant and Machinery -- 3.3.1. Thermal insulation of industrial buildings -- 3.3.2. Assets acquired for personal security -- 3.3.3. Computer software 3.4. Definition of Expenditure -- 3.4.1. General principle -- 3.4.2. Grants, subsidies and contributions -- 3.4.3. Loan interest -- 3.4.4. Exchange rate fluctuations -- 3.4.5. Assets originally acquired for non-qualifying purposes -- 3.4.6. Assets acquired at undervalue -- 3.5. Date of Expenditure -- 3.6. Disposal of Assets -- 3.7. Allowances -- 3.7.1. Writing down allowance (WDA) -- 3.7.2. Annual investment allowance (AIA) -- 3.7.3. Assets eligible for 100% ECA -- Cars with low CO2 emissions -- Expenditure on zero-emission goods vehicles -- Expenditure on plant or machinery for gas refuelling stations -- Expenditure on electric vehicle charging points -- 3.8. Calculation of Capital Allowances -- 3.8.1. Categories of plant and machinery -- General pool expenditure -- Special rate expenditure -- Assets with private use -- Partial depreciation subsidies -- 3.9. Short-life Assets -- 3.10. Cessations and Successions -- 3.10.1. Cessations -- 3.10.2. Successions -- 3.11. Hire Purchase and Leasing -- 3.12. Fixtures -- 3.12.1. Definition -- 3.12.2. Fixture installed in building in which qualifying activity is carried on -- 3.12.3. Transfer of allowances to lessee -- 3.12.4. Equipment leases -- 3.13. Disposal of Fixtures -- 3.13.1. Sale of qualifying interest -- 3.13.2. Expiry of qualifying interest -- 3.13.3. Discontinuance of qualifying activity -- 3.13.4. Use of fixture for purpose other than qualifying activity -- 3.13.5. Transfer of allowances to lessee -- 3.13.6. Severance of fixture -- 3.13.7. Fixture which is subject of an equipment lease or is owned by energy services provider -- 3.13.8. Merger of interest -- 3.13.9. Apportionment of sale proceeds -- 3.13.10. Allowances claimed by subsequent owner -- 3.13.11. Fixtures - anti-avoidance provision -- 3.14. Anti-avoidance -- Number -- Chapter 4. Other Allowances 4.1. Business Premises Renovation Allowance -- 4.1.1. Qualifying expenditure -- 4.1.2. Qualifying building -- 4.1.3. Relevant interest -- 4.1.4. Initial allowance -- 4.1.5. Writing down allowance -- 4.1.6. Grants and payments towards expenditure -- 4.1.7. Balancing adjustments -- 4.1.8. Termination of lease -- 4.2. Patents -- 4.3. Know-how -- 4.4. Structures and Buildings Allowances -- 4.4.1. Introduction -- 4.4.2. Rate of allowance and relevant interest -- 4.4.3. Qualifying activities and use -- 4.4.4. Qualifying expenditure -- Chapter 5. Basis Periods -- 5.1. Reform of Basis Period Rules -- 5.2. Transitional Provisions for 2023/24 -- Chapter 6. Trading Losses -- 6.1. Introduction -- 6.2. Offset Against Future Trading Income -- 6.3. Transfer of Business to a Company -- 6.4. Offset Against Total Income and Carry-back -- 6.5. Temporary Extension of Carry-back Period -- 6.6. Offset Against Capital Gains -- 6.7. Losses in the Early Years of Trading -- 6.8. Terminal Loss Relief -- 6.9. Tax planning and loss relief -- 6.10. Restriction of Loss Relief -- 6.11. Late Claims -- Chapter 7. Property Income -- 7.1. Introduction -- 7.2. Basis of Assessment -- 7.3. Dilapidations -- 7.4. Lease Premiums -- 7.4.1. Premium taxable as property income -- 7.4.2. Duration of lease -- 7.4.3. Amount of premium -- 7.4.4. Premiums on grant of sub-lease -- 7.4.5. Reverse premiums -- 7.4.6. Assignment of leases granted at undervalue -- 7.5. Sale with Right of Conveyance -- 7.6. Expenditure Deductible -- 7.7. Sea Walls -- 7.8. Mutual Business -- 7.9. Relief for Capital Expenditure -- 7.10. Losses -- 7.11. Furnished Holiday Lettings -- 7.12. Rent a Room Scheme -- Chapter 8. Employment and Self-employment -- 8.1. Introduction -- 8.2. Benefits of Self-employment -- 8.3. Definition of Employment and Self-employment -- 8.4. Tests for Employment -- 8.4.1. General principles 8.4.2. Mutuality of obligations The Taxation of Small Businesses 2023-24 is a practical guide to all aspects of direct taxation of small businesses in one volume. It is ideal for sole practitioners and small partnerships, but will be a handy reference guide for all tax advisers. The book aims to give a clear explanation of the relevant legislation and practical advice on ways of minimising clients' tax liabilities and warning against common pitfalls Erscheint auch als Druck-Ausgabe James, Malcolm Taxation of Small Businesses 2023/2024 London : Spiramus Press,c2023 9781910151129 |
| spellingShingle | James, Malcolm Taxation of Small Businesses 2023/2024 Intro -- About the author -- Contents -- List of abbreviations -- Tables of authorities -- Cases -- Statutes -- Regulations -- Chapter 1. Income Tax Computation -- 1.1. Aggregation of Taxpayer's Income -- 1.2. Interest -- 1.3. Limit on Deductions from Adjusted Net Income -- 1.4. Payments to Charities -- 1.4.1. Gift Aid scheme -- 1.4.2. Gifts of land and buildings or shares -- 1.5. Personal Allowances Deducted from Net Income -- 1.5.1. Introduction -- 1.5.2. Personal allowance -- 1.5.3. Transfer of Personal Allowance -- 1.5.4. Blind person's allowance -- 1.5.5. Trading allowance -- 1.5.6. Property allowance -- 1.6. Computation of Tax -- 1.6.1. Tax rates -- 1.6.2. Scottish and Welsh rates of income tax -- 1.6.3. Extension of basic rate band -- 1.6.4. Savings allowance -- 1.6.5. Dividend Nil Rate Band -- 1.7. Tax Reducers -- 1.7.1. Categories of tax reducers -- 1.7.2. Married couple's age allowance (MCAA) -- 1.7.3. Reduction in MCAA -- 1.7.4. Marriage during tax year -- 1.7.5. Transfer of MCAA -- 1.7.6. Maintenance payments -- 1.8. Tax Retained on Interest, Royalties and Gift Aid donations -- 1.9. -- 1.10. Comprehensive Example -- 1.11. Death and Separation -- 1.11.1. Death -- 1.11.2. Divorce and separation -- 1.12. Married Couples - Joint Property -- 1.13. Minor Children -- 1.14. High Income Child Benefit Charge -- Chapter 2. Taxation of Trading Income -- 2.1. Introduction -- 2.2. Statutory Definitions of Trading -- 2.3. Statutory Trades -- 2.4. Case Law -- 2.4.1. Badges of trade -- 2.4.2. Trading or investment -- 2.4.3. Profit motive -- 2.4.4. Subject matter -- 2.4.5. Frequency of transactions -- 2.4.6. Length of ownership -- 2.4.7. Supplementary work -- 2.4.8. Manner in which assets are acquired and circumstances surrounding sale -- 2.5. Gambling and Speculation -- 2.6. Illegal Activities -- 2.7. Individuals Trading in Shares 2.8. Definition of Trading - National Insurance -- 2.9. Mutual Trading -- 2.10. Election to Use Cash Basis -- 2.10.1. Conditions for making election -- 2.10.2. Amendments to rules relating to computation of profits -- 2.10.3. Transitional provisions - unrelieved capital expenditure -- 2.10.4. Spreading of adjustment income -- 2.11. Capital and Revenue Receipts -- 2.11.1. General principles -- 2.11.2. Compensation for loss or sterilisation of profit-making apparatus -- 2.11.3. Compensation for loss of profit -- 2.11.4. Compensation for loss of or damage to fixed assets -- 2.11.5. Compensation and liability to tax -- 2.11.6. Know-how -- 2.11.7. Foreign currency transactions -- 2.11.8. Grants -- 2.12. Receipts not Received in Course of Trade -- 2.12.1. Non-contractual receipts -- 2.12.2. Unclaimed money -- 2.12.3. Commission, discounts and cashback -- 2.12.4. Sponsorship -- 2.13. Other Receipts -- 2.13.1. Rebates, insurance receipts, damages, statutory payments and interest -- 2.13.2. Release from debts -- 2.13.3. Directors' fees and professional appointments -- 2.13.4. Rent receivable -- 2.13.5. Casual receipts -- 2.13.6. Receipts in kind -- 2.13.7. Post-cessation receipts -- 2.13.8. Coronavirus Support Payments -- 2.14. Capital and Revenue Payments -- 2.15. Expenditure Incurred in the Course of a Trade -- 2.16. Duality of Purpose -- 2.16.1. General principles -- 2.16.2. Expenditure on meals -- 2.16.3. Business clothing -- 2.16.4. Travel and motoring expenses -- 2.16.5. Duality of purpose - other items -- 2.17. Repairs and Maintenance -- 2.18. Replacement of Assets -- 2.19. Depreciation and Amortisation -- 2.20. Subscriptions and Donations -- 2.21. Sponsorship -- 2.22. Bad Debts -- 2.23. Provisions -- 2.24. Payments to Employees & -- Appropriations of Profit -- 2.25. Entertainment -- 2.26. Gifts to Customers and Samples 2.27. Gifts to Educational Establishments and Charities -- 2.28. Cost of Leasing Cars -- 2.29. Legal and Professional Fees -- 2.30. Fines and Payments Against the Public Interest -- 2.31. Interest and Bank Charges -- 2.32. Pre-trading Expenditure -- 2.33. Indirect Taxation -- 2.34. Compensation and ex gratia Payments to Former Employees -- 2.35. Redundancy Payments -- 2.36. Removal Expenses to New Business Premises -- 2.37. Premiums for Insurance -- 2.38. Payments to Employees for Restrictive Undertakings -- 2.39. Staff Training and Development -- 2.40. Counselling Courses in Connection with Termination of Employment -- 2.41. Payments to Secure Release from Unprofitable Contracts -- 2.42. Payments to Political Parties -- 2.43. Preservation of Goodwill -- 2.44. Payments on the Cessation of Trade -- 2.45. Post-cessation Expenditure -- 2.46. Rent -- 2.47. Lease Premium -- 2.48. Patents and Intellectual Property -- 2.49. Telephone -- 2.50. Business Rates and Council Tax -- 2.51. Security Expenditure -- 2.52. Loan Guarantee Payments -- 2.53. Use of Home -- 2.54. Website Expenditure -- 2.55. Expenses Connected with Foreign Trades -- 2.56. Valuation of Stock -- 2.56.1. General principles -- 2.56.2. Appropriations of stock -- 2.56.3. Long-term contracts -- 2.56.4. Discontinuation of trade -- 2.57. Overseas Aspects of Trading -- 2.57.1. Chargeability of overseas trades -- 2.57.2. Computation of profits of overseas trades -- 2.57.3. Traders not resident in the UK -- 2.57.4. Payments to entertainers and sportsmen -- Chapter 3. Capital Allowances on Plant and Machinery -- 3.1. Introduction -- 3.2. Definition of Plant and Machinery -- 3.2.1. Statutory rules -- 3.2.2. Case law -- 3.3. Assets Deemed to be Plant and Machinery -- 3.3.1. Thermal insulation of industrial buildings -- 3.3.2. Assets acquired for personal security -- 3.3.3. Computer software 3.4. Definition of Expenditure -- 3.4.1. General principle -- 3.4.2. Grants, subsidies and contributions -- 3.4.3. Loan interest -- 3.4.4. Exchange rate fluctuations -- 3.4.5. Assets originally acquired for non-qualifying purposes -- 3.4.6. Assets acquired at undervalue -- 3.5. Date of Expenditure -- 3.6. Disposal of Assets -- 3.7. Allowances -- 3.7.1. Writing down allowance (WDA) -- 3.7.2. Annual investment allowance (AIA) -- 3.7.3. Assets eligible for 100% ECA -- Cars with low CO2 emissions -- Expenditure on zero-emission goods vehicles -- Expenditure on plant or machinery for gas refuelling stations -- Expenditure on electric vehicle charging points -- 3.8. Calculation of Capital Allowances -- 3.8.1. Categories of plant and machinery -- General pool expenditure -- Special rate expenditure -- Assets with private use -- Partial depreciation subsidies -- 3.9. Short-life Assets -- 3.10. Cessations and Successions -- 3.10.1. Cessations -- 3.10.2. Successions -- 3.11. Hire Purchase and Leasing -- 3.12. Fixtures -- 3.12.1. Definition -- 3.12.2. Fixture installed in building in which qualifying activity is carried on -- 3.12.3. Transfer of allowances to lessee -- 3.12.4. Equipment leases -- 3.13. Disposal of Fixtures -- 3.13.1. Sale of qualifying interest -- 3.13.2. Expiry of qualifying interest -- 3.13.3. Discontinuance of qualifying activity -- 3.13.4. Use of fixture for purpose other than qualifying activity -- 3.13.5. Transfer of allowances to lessee -- 3.13.6. Severance of fixture -- 3.13.7. Fixture which is subject of an equipment lease or is owned by energy services provider -- 3.13.8. Merger of interest -- 3.13.9. Apportionment of sale proceeds -- 3.13.10. Allowances claimed by subsequent owner -- 3.13.11. Fixtures - anti-avoidance provision -- 3.14. Anti-avoidance -- Number -- Chapter 4. Other Allowances 4.1. Business Premises Renovation Allowance -- 4.1.1. Qualifying expenditure -- 4.1.2. Qualifying building -- 4.1.3. Relevant interest -- 4.1.4. Initial allowance -- 4.1.5. Writing down allowance -- 4.1.6. Grants and payments towards expenditure -- 4.1.7. Balancing adjustments -- 4.1.8. Termination of lease -- 4.2. Patents -- 4.3. Know-how -- 4.4. Structures and Buildings Allowances -- 4.4.1. Introduction -- 4.4.2. Rate of allowance and relevant interest -- 4.4.3. Qualifying activities and use -- 4.4.4. Qualifying expenditure -- Chapter 5. Basis Periods -- 5.1. Reform of Basis Period Rules -- 5.2. Transitional Provisions for 2023/24 -- Chapter 6. Trading Losses -- 6.1. Introduction -- 6.2. Offset Against Future Trading Income -- 6.3. Transfer of Business to a Company -- 6.4. Offset Against Total Income and Carry-back -- 6.5. Temporary Extension of Carry-back Period -- 6.6. Offset Against Capital Gains -- 6.7. Losses in the Early Years of Trading -- 6.8. Terminal Loss Relief -- 6.9. Tax planning and loss relief -- 6.10. Restriction of Loss Relief -- 6.11. Late Claims -- Chapter 7. Property Income -- 7.1. Introduction -- 7.2. Basis of Assessment -- 7.3. Dilapidations -- 7.4. Lease Premiums -- 7.4.1. Premium taxable as property income -- 7.4.2. Duration of lease -- 7.4.3. Amount of premium -- 7.4.4. Premiums on grant of sub-lease -- 7.4.5. Reverse premiums -- 7.4.6. Assignment of leases granted at undervalue -- 7.5. Sale with Right of Conveyance -- 7.6. Expenditure Deductible -- 7.7. Sea Walls -- 7.8. Mutual Business -- 7.9. Relief for Capital Expenditure -- 7.10. Losses -- 7.11. Furnished Holiday Lettings -- 7.12. Rent a Room Scheme -- Chapter 8. Employment and Self-employment -- 8.1. Introduction -- 8.2. Benefits of Self-employment -- 8.3. Definition of Employment and Self-employment -- 8.4. Tests for Employment -- 8.4.1. General principles 8.4.2. Mutuality of obligations |
| title | Taxation of Small Businesses 2023/2024 |
| title_auth | Taxation of Small Businesses 2023/2024 |
| title_exact_search | Taxation of Small Businesses 2023/2024 |
| title_exact_search_txtP | Taxation of Small Businesses 2023/2024 |
| title_full | Taxation of Small Businesses 2023/2024 |
| title_fullStr | Taxation of Small Businesses 2023/2024 |
| title_full_unstemmed | Taxation of Small Businesses 2023/2024 |
| title_short | Taxation of Small Businesses 2023/2024 |
| title_sort | taxation of small businesses 2023 2024 |
| work_keys_str_mv | AT jamesmalcolm taxationofsmallbusinesses20232024 |