Corporation Tax Act 2010
Sections and provisions with full text and the judgments that cite each one.
Section 682 — Restriction on the deduction of expenses of management
Restriction on the deduction of expenses of management 682 1 This section has effect for the purpose of restricting deductions for expenses of management. 2 Any amounts which— a are, or are treated…
Section 683 — Disallowance of UK property business losses
Disallowance of UK property business losses 683 1 This section has effect for the purpose of restricting relief under sections 62 and 63 for a loss made by the company in a UK property business…
Section 684 — Disallowance of overseas property business losses
Disallowance of overseas property business losses 684 1 This section has effect for the purpose of restricting relief under section 66 for a loss made by the company in an overseas property business…
Section 685 — Apportionment of amounts
Apportionment of amounts 685 1 This section applies for the purposes of this Chapter, but subsection (2) is subject to subsection (3). 2 Any amount for the actual accounting period in column 1 of the…
Section 686 — Meaning of certain expressions in section 685
Meaning of certain expressions in section 685 686 1 This section applies for the purposes of the table in section 685(2). 2 For the purposes of column 1 of row 1 of the table, the amount for the…
Section 687 — Adjustment to balancing charges if relief is restricted
Adjustment to balancing charges if relief is restricted 687 1 This section applies if condition A or B is met. 2 Condition A is that the debits to be brought into account for the purposes of Part 5…
Section 688 — Meaning of “significant increase in the amount of a company's capital”
Meaning of “significant increase in the amount of a company's capital” 688 1 This section and sections 689 to 691 have effect for determining whether, for the purposes of section 677(2), there is a…
Section 689 — Amount A
Amount A 689 1 In section 688, amount A is the lower of— a the amount of the company's capital immediately before the change in ownership, and b the highest 60 day minimum amount for the pre-change…
Section 690 — Amount B
Amount B 690 1 In section 688, amount B is the highest 60 day minimum amount for the post-change period. 2 The highest 60 day minimum amount for the post-change period is found as follows. Step 1…
Section 691 — Meaning of “amount of capital”
Meaning of “amount of capital” 691 1 This section applies for the purposes of sections 688 to 690. 2 The amount of the capital of a company is the sum of— a the amount of the paid up share capital of…
Section 692 — Introduction to Chapter
Introduction to Chapter 692 1 This Chapter applies if— a there is a change in the ownership of a company with investment business (“ the company ”), and b the following are met— condition 1, and…
Section 693 — Meaning of “amount of profits which represents a relevant gain”
Meaning of “amount of profits which represents a relevant gain” 693 1 In this Chapter, the amount of any profits which represents a relevant gain is found by comparing— a the amount (“Y”) of the…
Section 694 — Meaning of “the relevant provisions”
Meaning of “the relevant provisions” 694 In this Chapter “ the relevant provisions ” means— a section 8(1) of, and Schedule 7A to, TCGA 1992 (amounts included in respect of chargeable gains in total…
Section 695 — Notional split of accounting period in which change in ownership occurs
Notional split of accounting period in which change in ownership occurs 695 1 This section applies for the purposes of this Chapter. 2 The accounting period in which the change in ownership occurs…
Section 696 — Restriction on debits to be brought into account
Restriction on debits to be brought into account 696 1 This section has effect for the purpose of restricting the debits to be brought into account for the purposes of Part 5 of CTA 2009 (loan…
Section 697 — Restriction on the carry forward of non-trading deficit from loan relationships
Restriction on the carry forward of non-trading deficit from loan relationships 697 1 This section has effect for the purpose of restricting the carry forward of a non-trading deficit from the…
Section 698 — Restriction on relief for non-trading loss on intangible fixed assets
Restriction on relief for non-trading loss on intangible fixed assets 698 1 This section has effect for the purpose of restricting relief under section 753 of CTA 2009 (treatment of non-trading…
Section 699 — Restrictions on the deduction of expenses of management
Restrictions on the deduction of expenses of management 699 1 This section has effect for the purpose of restricting deductions for expenses of management. 2 Any amounts which— a are, or are treated…
Section 700 — Disallowance of UK property business losses
Disallowance of UK property business losses 700 1 This section has effect for the purpose of restricting relief under sections 62 and 63 for a loss made by the company in a UK property business…
Section 701 — Disallowance of overseas property business losses
Disallowance of overseas property business losses 701 1 This section has effect for the purpose of restricting relief under section 66 for a loss made by the company in an overseas property business…
Section 702 — Apportionment of amounts
Apportionment of amounts 702 1 This section applies for the purposes of this Chapter, but subsection (2) is subject to subsection (3). 2 Any amount for the actual accounting period in column 1 of the…
Section 703 — Meaning of certain expressions in section 702
Meaning of certain expressions in section 702 703 1 This section applies for the purposes of the table in section 702(2). 2 For the purposes of column 1 of row 2 of the table, the amount for the…
Section 704 — Company carrying on UK property business
Company carrying on UK property business 704 1 This section applies if— a there is a change in the ownership of a company carrying on a UK property business, b the company is not a company with…
Section 705 — Company carrying on overseas property business
Company carrying on overseas property business 705 1 This section applies if— a there is a change in the ownership of a company carrying on an overseas property business, b the company is not a…
Section 705A — Introduction to Chapter
Introduction to Chapter 705A 1 This Chapter applies where there is a change in the ownership of a shell company. 2 In this Chapter— “ the change in ownership ” means the change in ownership mentioned…
Section 705B — Notional split of accounting period in which change in ownership occurs
Notional split of accounting period in which change in ownership occurs 705B 1 This section applies for the purposes of this Chapter. 2 The accounting period in which the change in ownership occurs…
Section 705C — Restriction on debits to be brought into account
Restriction on debits to be brought into account 705C 1 This section has effect for the purpose of restricting the debits to be brought into account for the purposes of Part 5 of CTA 2009 (loan…
Section 705D — Restriction on carry forward of non-trading deficit from loan relationships
Restriction on carry forward of non-trading deficit from loan relationships 705D 1 This section has effect for the purpose of restricting the carry forward of a non-trading deficit from the company's…
Section 705E — Restriction on relief for non-trading loss on intangible fixed assets
Restriction on relief for non-trading loss on intangible fixed assets 705E 1 This section has effect for the purpose of restricting relief under section 753 of CTA 2009 (treatment of non-trading…
Section 705F — Apportionment of amounts
Apportionment of amounts 705F 1 This section applies for the purposes of this Chapter. 2 Any amount for the actual accounting period in column 1 of the following table is to be apportioned to the two…
Section 705G — Meaning of certain expressions in section 705F
Meaning of certain expressions in section 705F 705G 1 This section applies for the purposes of the table in section 705F(2). 2 For the purposes of column 1 of row 1 of the table, the amount for the…
Section 706 — Meaning of “linked” person
Meaning of “linked” person 706 1 If there is a change in the ownership of a company, a person is “linked” to the company, for the purposes of this Chapter, if condition A or B is met. 2 Condition A…
Section 707 — Meaning of “control”
Meaning of “control” 707 1 This section applies for the purposes of this Chapter. 2 A person (“P”) is treated as having control of a company (“C”) if P— a exercises, b is able to exercise, or c is…
Section 708 — Rights to be attributed for the purposes of section 707
Rights to be attributed for the purposes of section 707 708 1 This section applies for the purposes of section 707. 2 A person is treated as entitled to acquire anything which the person— a is…
Section 709 — Meaning of “the relevant period”
Meaning of “the relevant period” 709 1 This section applies for the purposes of this Chapter. 2 “ The relevant period ”, in relation to a change in the ownership of a company, means the period of 3…
Section 710 — Recovery of unpaid corporation tax for accounting period beginning before change
Recovery of unpaid corporation tax for accounting period beginning before change 710 1 This section applies if an officer of Revenue and Customs considers that— a there has been a change in the…
Section 711 — Conditions relating to company's trade or business
Conditions relating to company's trade or business 711 1 The following are the conditions mentioned in section 710(1)(c). 2 Condition A is that— a in the period of 3 years before the change in the…
Section 712 — Meaning of “a major change in the nature or conduct of a trade or business”
Meaning of “a major change in the nature or conduct of a trade or business” 712 1 This section applies for the purposes of section 711(4). 2 “ A major change in the nature or conduct of a trade or…
Section 713 — Recovery of unpaid corporation tax for accounting period ending on or after change
Recovery of unpaid corporation tax for accounting period ending on or after change 713 1 This section applies if an officer of Revenue and Customs considers that— a there has been a change in the…
Section 714 — The expectation condition
The expectation condition 714 1 The condition mentioned in section 713(1)(d) is that it would be reasonable (apart from section 713) to make the inference specified in subsection (3) from any of the…
Section 715 — Meaning of “transaction entered into in connection with change in ownership”
Meaning of “transaction entered into in connection with change in ownership” 715 1 This section has effect for the purposes of section 714. 2 A transaction is entered into in connection with a change…
Section 716 — Interest
Interest 716 1 Section 87A of TMA 1970 (interest on overdue corporation tax etc) has effect in relation to corporation tax assessed under section 710 or 713 (recovery of unpaid corporation tax) with…
Section 717 — Effect of payment in pursuance of assessment under section 710 or 713
Effect of payment in pursuance of assessment under section 710 or 713 717 1 A payment— a in pursuance of an assessment under section 710 or 713 (recovery of unpaid corporation tax), or b of interest…
Section 718 — Meaning of “associated company”
Meaning of “associated company” 718 1 This section has effect for the purposes of sections 713 and 714. 2 “ Associated company ”, in relation to Y and an assessment to tax, means a company (whenever…
Section 719 — Meaning of “change in the ownership of a company”
Meaning of “change in the ownership of a company” 719 1 For the purposes of this Part there is a change in the ownership of a company if condition A, B or C is met. 2 Condition A is that a single…
Section 720 — Section 719: supplementary
Section 719: supplementary 720 1 The following provisions apply for the purposes of section 719. 2 The circumstances at any two points in time with not more than 3 years between may be compared, and…
Section 721 — When things other than ordinary share capital may be taken into account: Chapters 2 to 5A
When things other than ordinary share capital may be taken into account: Chapters 2 to 5A 721 1 This section applies for the purposes of Chapters 2 to 5A if conditions A and B are met. 2 Condition A…
Section 722 — When things other than ordinary share capital may be taken into account: Chapter 6
When things other than ordinary share capital may be taken into account: Chapter 6 722 1 This section applies for the purposes of Chapter 6 if conditions A and B are met. 2 Condition A is that…
Section 723 — Changes in indirect ownership
Changes in indirect ownership 723 1 This section applies if there is a change in the ownership of a company, other than a change in ownership which is disregarded because of section 724 or 724A . 2…
Section 724 — Disregard of change in company ownership
Disregard of change in company ownership 724 1 A change in the ownership of a company (“the subsidiary company”) is disregarded for the purposes of Chapters 2 to 6 if — a immediately before the…