Corporation Tax Act 2009
Sections and provisions with full text and the judgments that cite each one.
Section 62 — Tenants under taxed leases: introduction
Tenants under taxed leases: introduction 62 1 Sections 63 to 67 apply if land used in connection with a trade is subject to a taxed lease. 2 Section 63 (tenants occupying land for purposes of trade…
Section 63 — Tenants occupying land for purposes of trade treated as incurring expenses
Tenants occupying land for purposes of trade treated as incurring expenses 63 1 The tenant under the taxed lease is treated as incurring an expense of a revenue nature in respect of the land subject…
Section 64 — Limit on deductions if tenant entitled to mineral extraction allowance
Limit on deductions if tenant entitled to mineral extraction allowance 64 1 This section applies if the tenant under the taxed lease has become entitled, in respect of expenditure on the acquisition…
Section 65 — Tenants dealing with land as property employed for purposes of trade
Tenants dealing with land as property employed for purposes of trade 65 1 This section applies if the tenant under the taxed lease— a does not occupy the land subject to the taxed lease, or a part of…
Section 66 — Restrictions on section 63 expenses: lease premium receipts
Restrictions on section 63 expenses: lease premium receipts 66 1 This section applies if a lease has been granted out of the taxed lease and— a in calculating the amount of a receipt of a property…
Section 67 — Restrictions on section 63 expenses: lease of part of premises
Restrictions on section 63 expenses: lease of part of premises 67 1 This section applies if— a section 66 applies, and b the lease granted out of the taxed lease does not extend to the whole of the…
Section 68 — Replacement and alteration of trade tools
Replacement and alteration of trade tools 68 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 69 — Payments for restrictive undertakings
Payments for restrictive undertakings 69 1 In calculating the profits of a trade, a deduction is allowed for a payment— a which is treated as earnings of an employee by virtue of section 225 of ITEPA…
Section 70 — Employees seconded to charities and educational establishments
Employees seconded to charities and educational establishments 70 1 This section applies if a company carrying on a trade (“ the employer ”) makes the services of a person employed for the purposes…
Section 71 — Educational establishments
Educational establishments 71 1 A body in England and Wales is an educational establishment for the purposes of section 70 if it is— a a local authority (but only to the extent that the services of…
Section 72 — Payroll deduction schemes: contributions to agents' expenses
Payroll deduction schemes: contributions to agents' expenses 72 1 This section applies if— a a company carrying on a trade (“ the employer ”) is liable to make payments to an individual, b income tax…
Section 73 — Counselling and other outplacement services
Counselling and other outplacement services 73 1 In calculating the profits of a trade, a deduction is allowed for counselling expenses if— a the company carrying on the trade (“ the employer ”)…
Section 74 — Retraining courses
Retraining courses 74 1 In calculating the profits of a trade, a deduction is allowed for retraining course expenses if— a the company carrying on the trade (“ the employer ”) incurs the expenses, b…
Section 75 — Retraining courses: recovery of tax
Retraining courses: recovery of tax 75 1 This section applies if— a an employer's liability to corporation tax for an accounting period is determined on the assumption that a deduction for…
Section 76 — Redundancy payments and approved contractual payments
Redundancy payments and approved contractual payments 76 1 Sections 77 to 79 apply if— a a company (“ the employer ”) makes a redundancy payment or an approved contractual payment to another person…
Section 77 — Payments in respect of employment wholly in employer's trade
Payments in respect of employment wholly in employer's trade 77 1 This section applies if— a the payment is in respect of the employee's employment wholly in the employer's trade, and b no deduction…
Section 78 — Payments in respect of employment in more than one capacity
Payments in respect of employment in more than one capacity 78 1 This section applies if the payment is in respect of the employee's employment with the employer— a partly in the employer's trade,…
Section 79 — Additional payments
Additional payments 79 1 This section applies if the employer permanently ceases to carry on a trade or part of a trade and makes a payment to the employee in addition to— a the redundancy payment,…
Section 79A — Additional payments: change in the persons carrying on the trade
Additional payments: change in the persons carrying on the trade 79A 1 This section deals with the application of section 79 in circumstances where there is a change in the persons carrying on the…
Section 80 — Application of section 79 in cases involving partnerships
Application of section 79 in cases involving partnerships 80 1 This section deals with the application of section 79 in circumstances where— a there is a change in the persons carrying on a trade,…
Section 81 — Payments made by the Government
Payments made by the Government 81 1 This section applies if, in respect of a redundancy payment or an approved contractual payment payable by an employer— a the Secretary of State makes a payment…
Section 82 — Contributions to local enterprise organisations or urban regeneration companies
Contributions to local enterprise organisations or urban regeneration companies 82 1 This section applies if a company carrying on a trade (“ the contributor ”) incurs expenses in making a…
Section 83 — Meaning of “local enterprise organisation”
Meaning of “local enterprise organisation” 83 1 For the purposes of section 82 “ local enterprise organisation ” means— a a local enterprise agency, b a training and enterprise council, c a Scottish…
Section 84 — Approval of local enterprise agencies
Approval of local enterprise agencies 84 1 The relevant national authority may approve a body as a local enterprise agency for the purposes of section 82 only if conditions A and B are met. 2 But if…
Section 85 — Supplementary provisions with respect to approvals
Supplementary provisions with respect to approvals 85 1 This section applies for the purposes of section 84. 2 The relevant national authority may give a body approval that is conditional on its…
Section 86 — Meaning of “urban regeneration company”
Meaning of “urban regeneration company” 86 1 For the purposes of section 82 “ urban regeneration company ” means any body of persons which the Treasury by order designates as an urban regeneration…
Section 86A — Contributions to flood and coastal erosion risk management projects
Contributions to flood and coastal erosion risk management projects 86A 1 This section applies if— a a company carrying on a trade (“ the contributor ”) incurs expenses in making a qualifying…
Section 86B — Interpretation of section 86A
Interpretation of section 86A 86B 1 This section applies for the purposes of section 86A. 2 A flood or coastal erosion risk management project is a qualifying project if— a an English risk management…
Section 87 — Expenses of research and development
Expenses of research and development 87 1 If a company carrying on a trade incurs expenses of a revenue nature on research and development— a related to the trade, and b directly undertaken by or on…
Section 88 — Payments to research associations, universities etc
Payments to research associations, universities etc 88 1 If a company carrying on a trade— a pays any sum to a body in the case of which exemption may be claimed as a result of section 491 of CTA…
Section 89 — Expenses connected with patents
Expenses connected with patents 89 In calculating the profits of a trade, a deduction is allowed for expenses incurred— a in obtaining for the purposes of the trade the grant of a patent or the…
Section 90 — Expenses connected with designs or trade marks
Expenses connected with designs or trade marks 90 In calculating the profits of a trade, a deduction is allowed for expenses incurred in obtaining for the purposes of the trade— a the registration of…
Section 91 — Payments to Export Credits Guarantee Department
Payments to Export Credits Guarantee Department 91 In calculating the profits of a trade, a deduction is allowed for a sum payable by the company carrying on the trade to the Export Credits Guarantee…
Section 92 — Levies etc under FISMA 2000
Levies etc under FISMA 2000 92 1 In calculating the profits of a trade carried on by a company, a deduction is allowed for any sum— a spent by the company in paying a levy, or b paid by the company…
Section 92A — Deductions in relation to salaried members
Deductions in relation to salaried members 92A 1 This section applies in relation to a limited liability partnership if section 1273A(2) (limited liability partnerships: salaried members) applies in…
Section 93 — Capital receipts
Capital receipts 93 1 Items of a capital nature must not be brought into account as receipts in calculating the profits of a trade. 2 But this does not apply to items which, as a result of any…
Section 94 — Debts incurred and later released
Debts incurred and later released 94 1 This section applies if— a in calculating the profits of a trade, a deduction is allowed for the expense giving rise to a debt owed by the company carrying on…
Section 95 — Acquisition of trade: receipts from transferor's trade
Acquisition of trade: receipts from transferor's trade 95 1 This section applies if — a a person (“ the transferor ”) permanently ceased to carry on a trade at any time, b at that time the transferor…
Section 96 — Reverse premiums
Reverse premiums 96 1 For the purposes of sections 98 and 99 a payment or other benefit is a reverse premium if— a conditions A, B and C are met, and b it is not excluded by section 97. 2 Condition A…
Section 97 — Excluded cases
Excluded cases 97 1 A payment or other benefit is not a reverse premium so far as it is brought into account under section 532 of CAA 2001 (the general rule excluding contributions) to reduce the…
Section 98 — Tax treatment of reverse premiums
Tax treatment of reverse premiums 98 1 A reverse premium is treated for corporation tax purposes as a receipt of a revenue nature. 2 If the recipient enters into the property transaction for the…
Section 99 — Arrangements not at arm's length
Arrangements not at arm's length 99 1 This section applies if— a two or more of the parties to the property arrangements are connected persons, and b the terms of those arrangements are not such as…
Section 100 — Connected persons and property arrangements
Connected persons and property arrangements 100 For the purposes of this section and sections 96 to 99— a persons are treated as connected with each other if they are connected at any time during the…
Section 101 — Distribution of assets of mutual concerns
Distribution of assets of mutual concerns 101 1 This section applies if— a a deduction has been made in calculating the profits of a trade for a payment to a mutual concern for the purposes of its…
Section 102 — Industrial development grants
Industrial development grants 102 1 This section applies if a company carrying on a trade receives a payment by way of a grant under— a section 7 or 8 of the Industrial Development Act 1982 (c. 52),…
Section 103 — Sums recovered under insurance policies etc
Sums recovered under insurance policies etc 103 1 This section applies if— a a deduction has been made for a loss or expense in calculating the profits of a trade, b a company carrying on the trade…
Section 104 — Repayments under FISMA 2000
Repayments under FISMA 2000 104 1 This section applies if— a a company carries on a trade, and b a payment is made to the company as a result of a repayment provision. 2 The payment is brought into…
Section 104A
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Section 104AA
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Section 104BA
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