Corporation Tax Act 2010
Sections and provisions with full text and the judgments that cite each one.
Section 124 — Assumptions as to places in which activities carried on
Assumptions as to places in which activities carried on 124 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 125 — Assumptions as to accounting periods
Assumptions as to accounting periods 125 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 126 — Assumptions in relation to capital allowances
Assumptions in relation to capital allowances 126 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 127 — Amounts excluded because of certain arrangements
Amounts excluded because of certain arrangements 127 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 128 — Rules for recalculating EEA amount
Rules for recalculating EEA amount 128 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 129 — Overview of Chapter
Overview of Chapter 129 1 This Chapter sets out how a company may claim group relief, how group relief is given and limitations on the amount of group relief to be given on a claim. 2 Sections 130 to…
Section 130 — Group relief claims on amounts surrenderable under Chapter 2
Group relief claims on amounts surrenderable under Chapter 2 130 1 This section applies in relation to the surrendering company's surrenderable amounts for the surrender period under Chapter 2. 2 A…
Section 131 — The group condition
The group condition 131 1 The group condition is met if the surrendering company and the claimant company— a are members of the same group of companies (see section 152), and b are both UK related. 2…
Section 132 — Consortium condition 1
Consortium condition 1 132 1 Consortium condition 1 is met if subsection (2) or (3) applies. 2 This subsection applies if— a the surrendering company is a trading company or a holding company, b the…
Section 133 — Consortium conditions 2 and 3
Consortium conditions 2 and 3 133 1 Consortium condition 2 is met if— a the surrendering company is a trading company or a holding company, b the surrendering company is owned by a consortium, c the…
Section 134 — Meaning of “UK related” company
Meaning of “UK related” company 134 For the purposes of sections 131 to 133 a company is UK related if— a it is a UK resident company, or b it is a non-UK resident company within the charge to…
Section 134A — Companies “established in the EEA”
Companies “established in the EEA” 134A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 135 — Group relief claims on amounts surrenderable under Chapter 3
Group relief claims on amounts surrenderable under Chapter 3 135 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 136 — The EEA group condition
The EEA group condition 136 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 137 — Deduction from total profits
Deduction from total profits 137 1 If the claimant company makes a claim as mentioned in section 130 ..., the group relief is given by the making of a deduction from the claimant company's total…
Section 138 — Limitation on amount of group relief applying to all claims
Limitation on amount of group relief applying to all claims 138 The amount of group relief to be given on a claim (“the current claim”) is limited to— a the unused part of the surrenderable amounts…
Section 139 — Unused part of the surrenderable amounts
Unused part of the surrenderable amounts 139 1 The unused part of the surrenderable amounts is the amount equal to— a the surrenderable amount for the overlapping period (see subsection (2)), less b…
Section 140 — Unrelieved part of claimant company's available total profits
Unrelieved part of claimant company's available total profits 140 1 The unrelieved part of the claimant company's available total profits of the claim period is the amount equal to— a the company's…
Section 141 — Sections 139 and 140: supplementary
Sections 139 and 140: supplementary 141 1 If two or more claims for group relief are made at the same time, for the purposes of sections 139 and 140 treat the claims as made— a in such order as the…
Section 142 — Meaning of “the overlapping period”
Meaning of “the overlapping period” 142 1 In sections 139 and 140 “ the overlapping period ”, in relation to a claim for group relief, means the period that is common to the claim period and the…
Section 143 — Condition 1: surrendering company owned by consortium
Condition 1: surrendering company owned by consortium 143 1 This section applies if— a the claimant company makes a claim for group relief based on consortium condition 1, and b it is the…
Section 144 — Condition 1: claimant company owned by consortium
Condition 1: claimant company owned by consortium 144 1 This section applies if— a the claimant company makes a claim for group relief based on consortium condition 1, and b it is the claimant…
Section 145 — Conditions 2 and 3: limitations in sections 143 and 144
Conditions 2 and 3: limitations in sections 143 and 144 145 1 This section applies if the claimant company makes a claim for group relief based on consortium condition 2 or consortium condition 3. 2…
Section 146 — Conditions 2 and 3: companies in link company's group
Conditions 2 and 3: companies in link company's group 146 1 If the claimant company makes a claim for group relief based on consortium condition 2, the amount of group relief to be given on the claim…
Section 146A — Conditions 1 and 2: surrendering company not controlled by claimant company etc
Conditions 1 and 2: surrendering company not controlled by claimant company etc 146A 1 This section applies if— a the claimant company makes a claim for group relief based on consortium condition 1,…
Section 146B — Conditions 1 and 3: claimant company not controlled by surrendering company etc
Conditions 1 and 3: claimant company not controlled by surrendering company etc 146B 1 This section applies if— a the claimant company makes a claim for group relief based on consortium condition 1,…
Section 147 — Conditions 1 and 2: surrenderable amounts including trading loss
Conditions 1 and 2: surrenderable amounts including trading loss 147 1 This section applies if— a the claimant company makes a claim for group relief based on consortium condition 1, b it is the…
Section 148 — Conditions 1 and 2: surrendering company in group of companies
Conditions 1 and 2: surrendering company in group of companies 148 1 This section applies if— a the claimant company makes a claim for group relief based on consortium condition 1, b it is the…
Section 148DA — Starting value”: general
Starting value”: general 148DA 1 This section is about the meaning of “starting value” in section 148D in relation to a long funding operating lease (“the section 148D lease”). 2 But this section…
Section 148EA — Determination of remaining residual value resulting from lessor's first additional expenditure
Determination of remaining residual value resulting from lessor's first additional expenditure 148EA 1 This section sets out how the remaining residual value of the plant or machinery resulting from…
Section 148DB — “Starting value” where plant or machinery originally unqualifying
“Starting value” where plant or machinery originally unqualifying 148DB 1 This section applies if the conditions in subsection (2) are met in relation to a long funding operating lease to which…
Section 148EB — Determination of remaining residual value resulting from lessor's further additional expenditure
Determination of remaining residual value resulting from lessor's further additional expenditure 148EB 1 This section sets out how the remaining residual value of the plant or machinery resulting…
Section 148D — Lessor under long funding operating lease: periodic deduction
Lessor under long funding operating lease: periodic deduction 148D 1 This section applies if a person carrying on a trade is the lessor of any plant or machinery under a long funding operating lease…
Section 148E — Long funding operating lease: lessor's additional expenditure
Long funding operating lease: lessor's additional expenditure 148E 1 This section applies if in any period of account— a a person carrying on a trade is the lessor of any plant or machinery under a…
Section 148F — Lessor under long funding operating lease: termination of lease
Lessor under long funding operating lease: termination of lease 148F 1 This section applies in calculating for income tax purposes the profits of a person carrying on a trade if the person is the…
Section 149 — Conditions 1 and 3: claimant company in group of companies
Conditions 1 and 3: claimant company in group of companies 149 1 This section applies if— a the claimant company makes a claim for group relief based on consortium condition 1, b it is the claimant…
Section 150 — Overview of Chapter
Overview of Chapter 150 1 This Chapter explains how to determine if a company— a is a 75% or 90% subsidiary of another company (see section 151), b is a member of a group of companies (see section…
Section 151 — Meaning of “75% subsidiary” and “90% subsidiary”
Meaning of “75% subsidiary” and “90% subsidiary” 151 1 In this Part “75% subsidiary” and “90% subsidiary” are to be read in accordance with Chapter 3 of Part 24, but subject to subsections (2) to…
Section 152 — Groups of companies
Groups of companies 152 For the purposes of this Part two companies are members of the same group of companies if— a one is the 75% subsidiary of the other, or b both are 75% subsidiaries of a third…
Section 153 — Companies owned by consortiums and members of consortiums
Companies owned by consortiums and members of consortiums 153 1 For the purposes of this Part a company is owned by a consortium if— a the company is not a 75% subsidiary of any company, and b at…
Section 154 — Arrangements for transfer of member of group of companies etc
Arrangements for transfer of member of group of companies etc 154 1 This section applies if, apart from this section, one company (“ the first company ”) and another company (“ the second company ”)…
Section 155 — Arrangements for transfer of company owned by consortium etc
Arrangements for transfer of company owned by consortium etc 155 1 This section applies if, apart from this section, a trading company would be owned by a consortium. 2 The trading company is not…
Section 155A — Certain arrangements not within sections 154 and 155
Certain arrangements not within sections 154 and 155 155A 1 Arrangements entered into by a joint venture company which, apart from this section, would be arrangements within section 154(3) or 155(3)…
Section 155B — Certain mortgage arrangements not within sections 154 and 155
Certain mortgage arrangements not within sections 154 and 155 155B 1 Arrangements entered into by a company which, apart from this section, would be arrangements within section 154(3) or 155(3) are…
Section 156 — Sections 154 and 155: supplementary
Sections 154 and 155: supplementary 156 1 This section applies for the purposes of sections 154 to 155B . 2 “Arrangements”— a means arrangements of any kind (whether or not in writing), but b does…
Section 157 — Introduction to Chapter
Introduction to Chapter 157 1 This Chapter applies for the purposes of sections 143(3)(b) and (c), 144(3)(b) and (c) and 151(4)(a) and (b). 2 For the purposes of this Chapter— a “ new consideration ”…
Section 158 — Meaning of “equity holder”
Meaning of “equity holder” 158 1 An equity holder of a company (“ the relevant company ”) is any person who— a holds ordinary shares in the company (see section 160), or b is a loan creditor of the…
Section 159 — Use of relevant company's assets
Use of relevant company's assets 159 1 Subsection (2) applies if— a a person (“P”) has, directly or indirectly, provided new consideration for any shares or securities in the relevant company, b…
Section 160 — Meaning of “ordinary shares”
Meaning of “ordinary shares” 160 1 For the purposes of section 158(1)(a) “ ordinary shares ” means shares other than restricted preference shares. 2 For the purposes of subsection (1) restricted…
Section 161 — Meaning of “restricted right to dividends”
Meaning of “restricted right to dividends” 161 1 For the purposes of condition D in section 160, a right to dividends carried by shares in a company is a “restricted right to dividends” if— a the…