Corporation Tax Act 2010
Sections and provisions with full text and the judgments that cite each one.
Section 454 — “Participator”
“Participator” 454 1 For the purposes of this Part, “ participator ”, in relation to a company, means a person having a share or interest in the capital or income of the company. 2 In particular, “…
Section 455 — Charge to tax in case of loan to participator
Charge to tax in case of loan to participator 455 1 This section applies if a close company makes a loan or advances money to— a a relevant person who is a participator in the company or an associate…
Section 456 — Exceptions to the charge under section 455
Exceptions to the charge under section 455 456 1 Section 455 does not apply to a loan or advance made in the ordinary course of a business carried on by a company if the business includes the lending…
Section 457 — Section 456: meaning of “material interest in a company”
Section 456: meaning of “material interest in a company” 457 1 A person has a material interest in a company for the purposes of section 456 if condition A or B is met. 2 Condition A is that the…
Section 458 — Relief in case of repayment or release of loan
Relief in case of repayment or release of loan 458 1 Subsection (2) applies if a close company has made a loan or advance which gave rise to a charge to tax on the company under section 455. 2 Relief…
Section 459 — Loan treated as made to participator
Loan treated as made to participator 459 1 This section applies if under arrangements made by a person (P)— a a close company makes a loan or advance which, apart from this section, does not give…
Section 460 — Loan treated as made by close company
Loan treated as made by close company 460 1 This section applies if a company (C) which is controlled by another company makes a loan or advance which, apart from this section, does not give rise to…
Section 461 — Exception to section 460
Exception to section 460 461 1 Section 460 does not apply if it is shown that no person has made any arrangements (otherwise than in the ordinary course of a business carried on by the person) as a…
Section 462 — Determination of particular questions as a result of section 460
Determination of particular questions as a result of section 460 462 1 This section applies if, as a result of section 460, sections 455 to 459 have effect as if a loan or advance made by C had been…
Section 463 — Taxation of debtor on release of loan to trustees of settlement which has ended
Taxation of debtor on release of loan to trustees of settlement which has ended 463 1 This section applies if each of conditions A to D is met. 2 Condition A is that a company (X) is or was…
Section 464 — Section 463: other person treated as releasing or writing off debt
Section 463: other person treated as releasing or writing off debt 464 1 This section applies if sections 455 to 459 have effect under section 460 (loan treated as made by close company) as if a loan…
Section 464C. — Treatment of certain repayments and return payments
Treatment of certain repayments and return payments 464C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 464D. — Section 464C: supplementary
Section 464C: supplementary 464D. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 464A — Charge to tax: arrangements conferring benefit on participator
Charge to tax: arrangements conferring benefit on participator 464A 1 This section applies if— a a close company is at any time a party to tax avoidance arrangements, and b as a result of those…
Section 464ZA — Treatment of certain repayments
Treatment of certain repayments 464ZA 1 Where— a within any period of 30 days— i the qualifying amount of repayments made to a close company in respect of one or more chargeable payments made by the…
Section 464B — Relief in case of return payment to company
Relief in case of return payment to company 464B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 464ZB — Section 464ZA : supplementary
Section 464ZA : supplementary 464ZB 1 All such assessments and adjustments of assessments are to be made as are necessary to give effect to section 464ZA (1) and (3). 2 If a person who has made a tax…
Section 465 — Power to obtain information
Power to obtain information 465 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Subsections (3) and (4) apply if a company (“the issuing company”) appears to an officer of Revenue…
Section 466 — Overview of Part
Overview of Part 466 1 This Part makes provision about some gifts and payments made to charitable companies, including provision applying the charge to corporation tax on income and conferring…
Section 467 — Meaning of “charitable company”
Meaning of “charitable company” 467 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 468 — Meaning of “eligible body”
Meaning of “eligible body” 468 Each of the following is an eligible body for the purposes of this Part— a the Trustees of the National Heritage Memorial Fund, b the Historic Buildings and Monuments…
Section 469 — Conditions for qualifying as a scientific research association
Conditions for qualifying as a scientific research association 469 1 For the purposes of this Part a body qualifies as a scientific research association for an accounting period if— a it is an…
Section 470 — Meaning of “research and development” in section 469
Meaning of “research and development” in section 469 470 1 Section 1138 (meaning of “research and development”) applies for the purposes of section 469(2). 2 Regulations under section 1006(3) of ITA…
Section 471 — Gifts qualifying for gift aid relief: income tax treated as paid
Gifts qualifying for gift aid relief: income tax treated as paid 471 1 This section applies if a gift is made to a charitable company by an individual and the gift is a qualifying donation for the…
Section 472 — Gifts qualifying for gift aid relief: corporation tax liability and exemption
Gifts qualifying for gift aid relief: corporation tax liability and exemption 472 1 If a charitable company receives a gift from an individual and the gift is a qualifying donation for the purposes…
Section 472A — Gifts under payroll deduction schemes: corporation tax liability and exemption
Gifts under payroll deduction schemes: corporation tax liability and exemption 472A 1 If a charitable company receives a gift from an individual and the gift is a donation for the purposes of Part 12…
Section 473 — Gifts of money from companies: corporation tax liability and exemption
Gifts of money from companies: corporation tax liability and exemption 473 1 If a charitable company receives a gift of a sum of money from a company which is not a charity, the gift is treated as an…
Section 474 — Payments from other charities: corporation tax liability and exemption
Payments from other charities: corporation tax liability and exemption 474 1 Subsection (2) applies if a charitable company receives from another charity a payment which— a is not made for full…
Section 474A — Legacies: corporation tax liability and exemption
Legacies: corporation tax liability and exemption 474A 1 This section applies to a gift of property— a that is made by will to a charitable company, and b that is not chargeable to corporation tax…
Section 475 — Gifts qualifying for gift aid relief: income tax treated as paid and exemption
Gifts qualifying for gift aid relief: income tax treated as paid and exemption 475 1 This section applies if a gift is made to an eligible body by an individual and the gift is a qualifying donation…
Section 476 — Gifts of money from companies: exemption
Gifts of money from companies: exemption 476 1 If an eligible body receives a gift of a sum of money from a company, the gift is not taken into account in calculating total profits. 2 The exemption…
Section 477 — Gifts of money from companies: exemption
Gifts of money from companies: exemption 477 1 A gift of a sum of money that a body receives from a company is not taken into account in calculating total profits if the body receiving the gift…
Section 477A — Claims in relation to gift aid relief
Claims in relation to gift aid relief 477A A1 This section applies to claims for repayment of income tax treated as having been paid by virtue of— a section 471 (gifts qualifying for gift aid relief:…
Section 478 — Exemption for profits etc of charitable trades
Exemption for profits etc of charitable trades 478 1 The income mentioned in subsection (2) is not taken into account in calculating total profits if the condition in subsection (3) is met. 2 The…
Section 479 — Meaning of “charitable trade”
Meaning of “charitable trade” 479 1 For the purposes of this Part a trade carried on by a charitable company is a charitable trade if— a the trade is exercised in the course of carrying out a primary…
Section 480 — Exemption for profits of small-scale trades
Exemption for profits of small-scale trades 480 1 The income mentioned in subsection (2) is not taken into account in calculating total profits if conditions A and B are met. 2 The income referred to…
Section 481 — Exemption from charges under provisions to which section 1173 applies
Exemption from charges under provisions to which section 1173 applies 481 1 Any income or gains of a charitable company that is or are chargeable to corporation tax under or by virtue of any…
Section 482 — Condition as to trading and miscellaneous incoming resources
Condition as to trading and miscellaneous incoming resources 482 1 The condition in this section is met in relation to an accounting period if— a the sum of the charitable company's trading incoming…
Section 483 — Exemption for profits from fund-raising events
Exemption for profits from fund-raising events 483 1 The profits of a trade carried on by a charitable company are not taken into account in calculating total profits so far as they— a arise from an…
Section 484 — Exemption for profits from lotteries
Exemption for profits from lotteries 484 1 The profits accruing to a charitable company from a lottery are not taken into account in calculating total profits if conditions A and B are met. 2…
Section 485 — Exemption for property income etc
Exemption for property income etc 485 1 Income which is chargeable to corporation tax under Part 3 of CTA 2009 (trading income) as a result of section 287 of that Act is not taken into account in…
Section 486 — Exemption for investment income and non-trading profits from loan relationships
Exemption for investment income and non-trading profits from loan relationships 486 1 The income mentioned in subsection (2) is not taken into account in calculating total profits if— a it is income…
Section 487 — Exemption for public revenue dividends
Exemption for public revenue dividends 487 1 Public revenue dividends on securities which are in the name of trustees are not taken into account in calculating total profits so far as the dividends…
Section 488 — Exemption for certain miscellaneous income
Exemption for certain miscellaneous income 488 1 The income mentioned in subsection (3) is not taken into account in calculating total profits if— a it is income of a charitable company, or b it is…
Section 489 — Exemption for income from estates in administration
Exemption for income from estates in administration 489 1 If a charitable company is liable for any corporation tax charged under section 934 of CTA 2009 (charge to tax on estate income), the estate…
Section 490 — Eligible bodies
Eligible bodies 490 1 The provisions mentioned in subsection (3) apply in relation to an eligible body as they apply in relation to a charitable company. 2 But in relation to an eligible body those…
Section 491 — Scientific research associations
Scientific research associations 491 1 The provisions mentioned in subsection (3) (which confer exemptions) apply in relation to a body which qualifies as a scientific research association for the…
Section 491A — Claims in relation to certain reliefs
Claims in relation to certain reliefs 491A 1 Subsections (2) to (5) of section 477A (claims in relation to gift aid relief) apply to— a claims for amounts to be exempt from tax by virtue of a…
Section 492 — Restrictions on exemptions
Restrictions on exemptions 492 1 This section applies if a charitable company has a non-exempt amount for an accounting period (see section 493). 2 The exemptions mentioned in subsection (3) do not…
Section 493 — The non-exempt amount
The non-exempt amount 493 1 A charitable company has a non-exempt amount for an accounting period if it has— a non-charitable expenditure for the period (amount A), and b attributable income and…