Corporation Tax Act 2009
Sections and provisions with full text and the judgments that cite each one.
Section 901 — Effect of application of the I - E basis: non-trading amounts
Effect of application of the I - E basis: non-trading amounts 901 In the application of the I - E rules in relation to a company's basic life assurance and general annuity business, the provisions of…
Section 902 — Excluded assets
Excluded assets 902 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 903 — Elections to exclude capital expenditure on computer software
Elections to exclude capital expenditure on computer software 903 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 904 — Transfers of life assurance business: transfers of assets treated as tax-neutral
Transfers of life assurance business: transfers of assets treated as tax-neutral 904 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 905 — Pre-FA 2002 assets: Lloyd's syndicate capacity
Pre-FA 2002 assets: Lloyd's syndicate capacity 905 1 The general rule in section 882 (this Part not to apply to pre-FA 2002 assets) does not apply if the intangible fixed asset consists of the rights…
Section 906 — Priority of this Part for corporation tax purposes
Priority of this Part for corporation tax purposes 906 1 The amounts to be brought into account in accordance with this Part in respect of any matter are the only amounts to be brought into account…
Section 907 — Overview of Part
Overview of Part 907 1 This Part applies the charge to corporation tax on income to— a profits from disposals of know-how (see Chapter 2), and b profits from sales of patent rights (see Chapter 3). 2…
Section 908 — Charge to tax on profits from disposals of know-how
Charge to tax on profits from disposals of know-how 908 1 The charge to corporation tax on income applies to profits arising where consideration is received by a company— a for the disposal of…
Section 909 — Exceptions to charge under section 908
Exceptions to charge under section 908 909 1 Section 908 does not apply in the following cases. 2 Case A is if the consideration is brought into account under section 462 of CAA 2001 (disposal…
Section 910 — Profits charged under section 908
Profits charged under section 908 910 1 The profits charged under section 908 are— a the amount of the consideration, less b any expenditure incurred by the company wholly and exclusively in the…
Section 911 — Overview of Chapter
Overview of Chapter 911 1 This Chapter— a applies the charge to corporation tax on income to profits from sales of patent rights (see sections 912 and 913), b contains provision about how the amount…
Section 912 — Charge to tax on profits from sales of patent rights
Charge to tax on profits from sales of patent rights 912 1 The charge to corporation tax on income applies to profits from sales by a company of the whole or part of any patent rights. 2 Subsection…
Section 913 — Profits charged under section 912
Profits charged under section 912 913 1 A company's profits from the sale of the whole or part of patent rights are— a any capital sum comprised in the proceeds of sale, less b the deductible costs.…
Section 914 — UK resident companies: proceeds of sale not received in instalments
UK resident companies: proceeds of sale not received in instalments 914 1 This section applies if a company liable for tax under section 912— a is UK resident, and b does not receive the proceeds of…
Section 915 — UK resident companies: proceeds of sale received in instalments
UK resident companies: proceeds of sale received in instalments 915 1 This section applies if a company liable for tax under section 912— a is UK resident, and b receives the proceeds of sale in…
Section 916 — Non-UK resident companies: proceeds of sale not received in instalments
Non-UK resident companies: proceeds of sale not received in instalments 916 1 This section applies if a company liable for tax under section 912— a is not UK resident, and b does not receive the…
Section 917 — Non-UK resident companies: proceeds of sale received in instalments
Non-UK resident companies: proceeds of sale received in instalments 917 1 This section applies if a company liable for tax under section 912— a is not UK resident, and b receives the proceeds of sale…
Section 918 — Winding up of a body corporate
Winding up of a body corporate 918 1 If a body corporate which is liable for tax under section 912 commences to be wound up, any amounts falling within subsection (2) are taxed in the accounting…
Section 919 — Deduction of tax from payments to non-UK resident companies
Deduction of tax from payments to non-UK resident companies 919 1 This section applies if a non-UK resident company is liable for tax under section 912 on profits from the sale of the whole or part…
Section 920 — Adjustments where tax has been deducted
Adjustments where tax has been deducted 920 Where any sum has been deducted from a payment under section 910 of ITA 2007, any adjustment necessary— a because of section 919(2), or b because of an…
Section 921 — Licences connected with patents
Licences connected with patents 921 1 The acquisition of a licence in respect of a patent is treated for the purposes of this Chapter as a purchase of patent rights. 2 The grant of a licence in…
Section 922 — Rights to acquire future patent rights
Rights to acquire future patent rights 922 1 If a sum is paid to obtain a right to acquire future patent rights, then for the purposes of this Chapter— a the payer is treated as purchasing patent…
Section 923 — Sums paid for Crown use etc treated as paid under licence
Sums paid for Crown use etc treated as paid under licence 923 1 This section applies if an invention which is the subject of a patent is used by or for the service of— a the Crown under sections 55…
Section 924 — Relief for expenses: patent income
Relief for expenses: patent income 924 1 Relief may be claimed under this section for patent application and maintenance expenses. 2 In this section “ patent application and maintenance expenses ”…
Section 925 — How relief is given under section 924
How relief is given under section 924 925 1 This section sets out how relief for expenses is given where a company makes a claim under section 924. 2 The amount of the expenses must be deducted from…
Section 926 — Contributions to expenditure
Contributions to expenditure 926 1 For the purposes of sections 910, 913 and 924, the general rule is that a company is to be regarded as not having incurred expenditure so far as it has been, or is…
Section 927 — Contributions not made by public bodies nor eligible for tax relief
Contributions not made by public bodies nor eligible for tax relief 927 1 A company is to be regarded as having incurred expenditure (despite section 926(1)) so far as the requirements in subsections…
Section 928 — Exchanges
Exchanges 928 1 In this Part references to the sale of property include the exchange of property. 2 In this section— references to property include know-how, and references to the sale of property…
Section 929 — Apportionment where property sold together
Apportionment where property sold together 929 1 Any reference in this Part to the sale of property includes the sale of that property together with other property. 2 In this section— references to…
Section 930 — Questions about apportionments affecting two or more persons
Questions about apportionments affecting two or more persons 930 1 Any question about the way in which a sum is to be apportioned under section 929 must be determined in accordance with section…
Section 931 — Meaning of “capital sums” etc
Meaning of “capital sums” etc 931 Section 4 of CAA 2001 (meaning of “capital sums” etc) applies in relation to this Part as it applies in relation to that Act.
Section 931A — Charge to tax on distributions received
Charge to tax on distributions received 931A 1 The charge to corporation tax on income applies to any dividend or other distribution of a company, but only if the distribution is not exempt. 2 . . .…
Section 931CA — Further exemption where distribution received from CFC
Further exemption where distribution received from CFC 931CA 1 Subsection (2) applies if— a under Part 9A of TIOPA 2010 (controlled foreign companies), the CFC charge is charged in relation to a…
Section 931RA — Chargeable gains
Chargeable gains 931RA The fact that a dividend or other distribution is exempt does not prevent it from being taken into account in the calculation of chargeable gains.
Section 931B — Exemption from charge to tax
Exemption from charge to tax 931B A dividend or other distribution of a company that is received in an accounting period of the recipient in which the recipient is a small company is exempt if— a the…
Section 931C — Meaning of “qualifying territory”
Meaning of “qualifying territory” 931C 1 For the purpose of section 931B a territory is a “qualifying territory” if— a arrangements made in relation to the territory have effect under section 2(1) of…
Section 931D — Exemption from charge to tax
Exemption from charge to tax 931D A dividend or other distribution of a company that is received in an accounting period of the recipient in which the recipient is not a small company is exempt if— a…
Section 931E — Distributions from controlled companies
Distributions from controlled companies 931E 1 A dividend or other distribution falls into an exempt class if condition A or B is met. 2 Condition A is that the recipient controls the payer. 3…
Section 931F — Distributions in respect of non-redeemable ordinary shares
Distributions in respect of non-redeemable ordinary shares 931F A dividend or other distribution falls into an exempt class if it is made in respect of a share that— a is an ordinary share, and b is…
Section 931G — Distributions in respect of portfolio holdings
Distributions in respect of portfolio holdings 931G 1 A dividend or other distribution falls into an exempt class if the recipient— a holds less than 10% of the issued share capital of the payer, b…
Section 931H — Distributions derived from transactions not designed to reduce tax
Distributions derived from transactions not designed to reduce tax 931H 1 A dividend or other distribution falls into an exempt class if it is made in respect of relevant profits. 2 In this section “…
Section 931I — Dividends in respect of shares accounted for as liabilities
Dividends in respect of shares accounted for as liabilities 931I A dividend falls into an exempt class if the dividend is paid in respect of a share to which, at the time of the payment, section 521C…
Section 931J — Schemes involving manipulation of controlled company rules
Schemes involving manipulation of controlled company rules 931J 1 This section applies to a dividend that would, apart from this section, fall into an exempt class by virtue of section 931E. 2 The…
Section 931K — Schemes involving quasi-preference or quasi-redeemable shares
Schemes involving quasi-preference or quasi-redeemable shares 931K 1 This section applies to a dividend or other distribution that would, apart from this section, fall into an exempt class by virtue…
Section 931L — Schemes involving manipulation of portfolio holdings rule
Schemes involving manipulation of portfolio holdings rule 931L 1 This section applies to a dividend or other distribution that would, apart from this section, fall into an exempt class by virtue of…
Section 931M — Schemes in the nature of loan relationships
Schemes in the nature of loan relationships 931M 1 This section applies to a dividend or other distribution that does not fall into an exempt class by virtue of section 931E but would, apart from…
Section 931N — Schemes involving distributions for which deductions are given
Schemes involving distributions for which deductions are given 931N 1 This section applies to a dividend or other distribution that would, apart from this section, fall into an exempt class. 2 The…
Section 931O — Schemes involving payments for distributions
Schemes involving payments for distributions 931O 1 This section applies to a dividend or other distribution that would, apart from this section, fall into an exempt class. 2 The distribution does…
Section 931P — Schemes involving payments not on arm's length terms
Schemes involving payments not on arm's length terms 931P 1 This section applies to a dividend or other distribution that would, apart from this section, fall into an exempt class. 2 The distribution…
Section 931Q — Schemes involving diversion of trade income
Schemes involving diversion of trade income 931Q 1 This section applies to a dividend or other distribution that would, apart from this section, fall into an exempt class. 2 The distribution does not…