Part 2 Trading income

United Kingdom

1. 1Introduction
2. 2Income taxed as trade profits
3. 3Trade profits: basic rules
4. 3ATrade profits: cash basis
5. 4Trade profits: rules restricting deductions
6. 5Trade profits: rules allowing deductions
7. 5ATrade profits: deductions allowable at a fixed rate
8. 6Trade profits: receipts
9. 6ATrade profits: amounts not reflecting commercial transactions
10. 7Trade profits: gifts to charities etc.
11. 8Trade profits: herd basis rules
12. 9Trade profits: . . . sound recordings
13. 10Trade profits: certain telecommunication rights
14. 10ALeases of plant or machinery: special rules for long funding leases
15. 11Trade profits: other specific trades
16. 11ATrade profits: changes in trading stock
17. 12Trade profits: valuation of stock and work in progress on cessation of trade
18. 13Deductions from profits: unremittable amounts
19. 14Disposal and acquisition of know-how
20. 15Basis periods
21. 16Averaging profits of farmers and creative artists
22. 16ZACOMPENSATION FOR COMPULSORY SLAUGHTER OF ANIMALS
23. 16AOil activities
24. 17Adjustment income
25. 17ACash basis: adjustments for capital allowances
26. 18Post-cessation receipts
27. 19Supplementary