Corporation Tax Act 2010
Sections and provisions with full text and the judgments that cite each one.
Section 1142 — Agent of independent status
Agent of independent status 1142 1 A company is not regarded as having a permanent establishment in a territory by reason of the fact that it carries on business there through an agent of independent…
Section 1143 — Preparatory or auxiliary activities
Preparatory or auxiliary activities 1143 1 If the condition in subsection (2) is met, a company is not regarded as having a permanent establishment in a territory by reason of the fact that— a a…
Section 1144 — Alternative finance arrangements
Alternative finance arrangements 1144 1 Subsection (2) applies if alternative finance return is paid to a non-UK resident company. 2 The company is not regarded as having a permanent establishment in…
Section 1145 — The independent broker conditions
The independent broker conditions 1145 1 This section applies if a transaction is carried out on behalf of a non-UK resident company in the course of the company's trade by a person in the United…
Section 1146 — The independent investment manager conditions
The independent investment manager conditions 1146 1 This section applies if an investment transaction is carried out on behalf of a non-UK resident company in the course of the company's trade by a…
Section 1147 — Investment managers: the 20% rule
Investment managers: the 20% rule 1147 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1148 — Section 1147: interpretation
Section 1147: interpretation 1148 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1149 — Application of 20% rule to collective investment schemes
Application of 20% rule to collective investment schemes 1149 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1150 — Meaning of “investment manager” and “investment transaction”
Meaning of “investment manager” and “investment transaction” 1150 1 The following definitions apply for the purposes of this Chapter. 2 An “ investment manager ” means a person who provides…
Section 1151 — Lloyd's agents
Lloyd's agents 1151 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1152 — Investment managers: disregard of certain chargeable profits
Investment managers: disregard of certain chargeable profits 1152 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1153 — Miscellaneous
Miscellaneous 1153 1 For the purposes of this Chapter a person is regarded as carrying out a transaction on behalf of another if the person— a undertakes the transaction, whether on behalf of or to…
Section 1154 — Meaning of “51% subsidiary”, “75% subsidiary” and “90% subsidiary”
Meaning of “51% subsidiary”, “75% subsidiary” and “90% subsidiary” 1154 1 Subsections (2) to (4) define, for the purposes of the Corporation Tax Acts, the circumstances in which a body corporate…
Section 1155 — Indirect ownership of ordinary share capital
Indirect ownership of ordinary share capital 1155 1 For the purposes of this Chapter ordinary share capital is owned indirectly by a body corporate if it is owned through another body corporate or…
Section 1156 — Calculation of amounts owned indirectly: main rules
Calculation of amounts owned indirectly: main rules 1156 1 If a body corporate (“A”) directly owns the whole of the ordinary share capital of another body corporate (“B”), A is treated as indirectly…
Section 1157 — Adding fractions together
Adding fractions together 1157 1 If A and C are bodies corporate and— a A owns, through one or more bodies corporate (“the intermediaries in the first series”), a fraction of C's ordinary share…
Section 1158 — Meaning of “investment trust”
Meaning of “investment trust” 1158 1 For the purposes of the Corporation Tax Acts a company is an “investment trust” with respect to an accounting period if— a conditions A to C are met throughout…
Section 1159 — Approval
Approval 1159 1 The Treasury may by regulations make provision about the approval of a company for an accounting period for the purposes of section 1158(1)(b), including provision about— a…
Section 1160 — Calculation of income
Calculation of income 1160 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1161 — The income retention condition: exceptions
The income retention condition: exceptions 1161 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1162 — The 15% holding limit: exceptions
The 15% holding limit: exceptions 1162 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1163 — Basic meaning of “holding in a company”
Basic meaning of “holding in a company” 1163 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1164 — More about the meaning of “holding in a company”
More about the meaning of “holding in a company” 1164 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1165 — Other interpretation
Other interpretation 1165 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1166 — Scotland
Scotland 1166 1 In the application of the Corporation Tax Acts to Scotland— “ assignment ” means assignation, “ estate in land ” includes the land, “ mortgage ” means— a standard security, or a…
Section 1167 — Sources of income within the charge to corporation tax or income tax
Sources of income within the charge to corporation tax or income tax 1167 In the Corporation Tax Acts, a source of income is within the charge to corporation tax or income tax if that tax— a is…
Section 1168 — Payment of dividends
Payment of dividends 1168 1 For the purposes of the Corporation Tax Acts dividends are to be treated as paid on the date when they become due and payable. 2 Subsection (1) is subject to any provision…
Section 1169 — Settlements and trustees
Settlements and trustees 1169 1 Chapter 2 of Part 9 of ITA 2007 (which relates to settlements and trustees) applies for the purposes of the Corporation Tax Acts as it applies for the purposes of the…
Section 1170 — Territorial sea of the United Kingdom
Territorial sea of the United Kingdom 1170 The territorial sea of the United Kingdom is treated for the purposes of the Corporation Tax Acts as part of the United Kingdom.
Section 1171 — Orders and regulations
Orders and regulations 1171 1 This section applies to all powers under the Corporation Tax Acts of the Treasury or the Commissioners for Her Majesty's Revenue and Customs to make orders or…
Section 1172 — Apportionment to different periods
Apportionment to different periods 1172 1 Any apportionment to different periods which falls to be made under the Corporation Tax Acts is to be made on a time basis according to the respective…
Section 1173 — Miscellaneous charges
Miscellaneous charges 1173 1 In the Corporation Tax Acts references to any provision to which this section applies are references to any provision listed in the following table, so far as the…
Section 1174 — Abbreviated references to Acts
Abbreviated references to Acts 1174 In this Act— “ CAA 2001 ” means the Capital Allowances Act 2001, “ CTA 2009 ” means the Corporation Tax Act 2009, “FA”, followed by a year, means the Finance Act…
Section 1175 — Claims and elections
Claims and elections 1175 In this Act any reference to a claim or election is to a claim or election in writing.
Section 1176 — Meaning of “connected” persons and “control”
Meaning of “connected” persons and “control” 1176 1 Section 1122 (how to tell whether persons are connected) applies for the purposes of this Act unless otherwise indicated (whether expressly or by…
Section 1177 — Minor and consequential amendments
Minor and consequential amendments 1177 Schedule 1 (minor and consequential amendments) has effect.
Section 1178 — Power to make consequential provision
Power to make consequential provision 1178 1 The Treasury may by order make provision in consequence of this Act. 2 The power conferred by subsection (1) may not be exercised after 31 March 2013. 3…
Section 1179 — Power to undo changes
Power to undo changes 1179 1 The Treasury may by order make provision, in relation to a case in which the Treasury consider that a provision of this Act changes the effect of the law, for the purpose…
Section 1180 — Transitional provisions and savings
Transitional provisions and savings 1180 1 Schedule 2 (transitional provisions and savings) has effect. 2 The Treasury may by order make transitional or saving provision in connection with the coming…
Section 1181 — Repeals and revocations
Repeals and revocations 1181 1 Schedule 3 (repeals and revocations, including of spent enactments) has effect. 2 The repeals and revocations specified in Part 2 of Schedule 3 have effect for…
Section 1182 — Index of defined expressions
Index of defined expressions 1182 1 Schedule 4 (index of defined expressions that apply for the purposes of this Act) has effect. 2 That Schedule lists the places where some of the expressions used…
Section 1183 — Extent
Extent 1183 1 This Act extends to England and Wales, Scotland and Northern Ireland (but see subsection (2)). 2 An amendment, repeal or revocation contained in Schedule 1 or 3 has the same extent as…
Section 1184 — Commencement
Commencement 1184 1 This Act comes into force on 1 April 2010 and has effect— a for corporation tax purposes, for accounting periods ending on or after that day, and b for income tax and capital…
Section 1185 — Short title
Short title 1185 This Act may be cited as the Corporation Tax Act 2010.
Section 1301B — Qualifying charitable donations
Qualifying charitable donations 1301B In calculating a company's income from any source for corporation tax purposes, no deduction is allowed in respect of qualifying charitable donations.