BIM80500 - Computing the amount to assess: business changes: contents

This chapter considers the principles which determine whether a commencement or cessation of trade has occurred. The taxation treatment on commencement of trade is described in BIM81015 and the cessation provisions are at BIM81025. Certain loss reliefs are available only on commencement (BIM85045) or cessation (BIM85055). Income relating to the trade which arises after cessation has occurred will be taxed as post cessation receipts. See BIM90000 onwards. The chapter also considers changes in the persons carrying on a trade, which normally is referred to as ‘succession’.

1. BIM80501

   A matter of fact
2. BIM80505

   Commencement: general principles
3. BIM80510

   Commencement: manufacturers and retailers
4. BIM80515

   Commencement: high technology businesses
5. BIM80520

   Commencement: mining and similar businesses
6. BIM80525

   Commencement: trading before company formation
7. BIM80530

   One trade or more than one trade: general principles
8. BIM80535

   One trade or more than one trade: companies
9. BIM80540

   One trade or more than one trade: decided cases
10. BIM80545

    One trade or more than one trade: carrying on a trade and a profession
11. BIM80550

    One trade or more than one trade: same trade by different entities
12. BIM80555

    One trade or more than one trade: losses
13. BIM80565

    Cessation: general principles
14. BIM80570

    Cessation: death and insolvency
15. BIM80575

    Cessation: collection of trade debts
16. BIM80580

    Cessation: break in activities
17. BIM80585

    Cessation: professions and vocations
18. BIM80590

    Changes in scale, nature or location of trade: general principles
19. BIM80595

    Changes in scale, nature or location of trade: organic unity
20. BIM80600

    Changes in scale, nature or location of trade: part-time to full-time
21. BIM80605

    Changes in scale, nature or location of trade: relocations
22. BIM80610

    Changes in scale, nature or location of trade: changes in residence status
23. BIM80615

    Changes in scale, nature or location of trade: business expansion
24. BIM80620

    Succession and changes in ownership: what is a succession?
25. BIM80625

    Succession and changes in ownership: professions and vocations
26. BIM80630

    Succession and changes in ownership: effect of succession on the charge to tax
27. BIM80635

    Succession and changes in ownership: partial changes in ownership
28. BIM80640

    Succession and changes in ownership: succession and part-trades
29. BIM80645

    Succession and changes in ownership: is a sale of a business to another trader a succession?
30. BIM80650

    Succession and changes in ownership: factors affecting succession
31. BIM80655

    Succession and changes in ownership: insolvency
32. BIM80660

    Succession and changes in ownership: date of succession
33. BIM80665

    Succession and changes in ownership: apportionment of profits
34. BIM80675

    Succession and changes in ownership: expansion by acquiring a business as a going concern
35. BIM80680

    Succession and changes in ownership: mergers
36. BIM80685

    Succession and changes in ownership: demergers
37. BIM80690

    Professional work in progress at cessation