CFM15200 - Chapter II Part IV FA 1996

Table of contents

This is an illustrative draft of Chapter II Part IV FA 1996 (Loan relationships) as amended by FA 2002.

S80 - S105 FA 1996 Loan relationships

Schedule 8 FA 1996 Loan relationships: claims etc relating to deficits

Schedule 9 FA 1996 Special computational provisions

Schedule 10 FA 1996 Collective investment schemes

click here to return to topS80 - S105 FA 1996 Loan relationships

CFM15201Section 80 FA 1996Taxation of loan relationships
CFM15202Section 81 FA 1996Meaning of 'loan relationship' etc
CFM15203Section 82 FA 1996Method of bringing amounts into account
CFM15204Section 83 FA 1996Non-trading deficit on loan relationships
CFM15205Section 84 FA 1996Debits and credits brought into account
CFM15206Section 84A FA 1996Exchange gains and losses from loan relationships
CFM15207Section 85 FA 1996Authorised accounting methods
CFM15208Section 86FA 1996Application of accounting methods
CFM15209Section 87 FA 1996Accounting method where parties have a connection
CFM15210Section 87A FA 1996Meaning of 'control' in section 87
CFM15211Section 88 FA 1996Exemption from section 87 in certain cases
CFM15212Section 88A FA 1996Accounting method where rate of interest is reset
CFM15214Section 90 FA 1996Changes of accounting method
CFM15216Section 92 FA 1996Convertible securities etc: creditor relationships
CFM15217Section 92A FA 1996Convertible securities etc: debtor relationships
CFM15218Section 93 FA 1996Relationships linked to the value of chargeable assets
CFM15219Section 93A FA 1996Relationships linked to the value of chargeable assets: guaranteed returns
CFM15220Section 93B FA 1996Loan relationships ceasing to be within section 93
CFM15221Section 94 FA 1996Indexed gilt-edged securities
CFM15222Section 95 FA 1996Gilt strips
CFM15223Section 96 FA 1996Special rules for certain other gifts
CFM15224Section 97 FA 1996Manufactured interest
CFM15225Section 98 FA 1996Collective investment schemes
CFM15226Section 99 FA 1996Insurance companies
CFM15227Section 100 FA 1996Interest, and exchange gains and losses, on debts etc not arising from the lending of money
CFM15228Section 101 FA 1996Financial instruments
CFM15229Section 102 FA 1996Discounted securities: income tax provisions
CFM15230Section 103 FA 1996Interpretation of chapter
CFM15231Section 104 FA 1996Minor and consequential amendments
CFM15232Section 105 FA 1996Commencement and transitional provisions *

click here to return to topSchedule 8 FA 1996 Loan relationships: claims etc relating to deficits

CFM15250Paragraph 1Claim to set off deficit against other profits for the deficit period
CFM15253Paragraph 3Claim to carry back deficit to previous accounting periods
CFM15254Paragraph 4Carry forward of deficit to next accounting period
CFM15255Paragraph 5Construction of Schedule *

Schedule 9 FA 1996 Special computational provisions

CFM15260Paragraph 1Distributions
CFM15261Paragraph 1ALife assurance policies and capital redemption policies
CFM15262Paragraph 2Late interest
CFM15263Paragraph 3Options etc
CFM15264Paragraph 5Bad debt etc
CFM15265Paragraph 5ABad debts and consortium relief
CFM15266Paragraph 6Bad debt etc where parties have a connection
CFM15267Paragraph 6ABad debt etc: parties connected and creditor in insolvent liquidation etc
CFM15268Paragraph 6BBad debt etc: companies becoming connected
CFM15269Paragraph 6CBad debt etc: departure not permitted by paragraph 6: subsequent cessation of connection
CFM15270Paragraph 7Writing-off of government investments
CFM15271Paragraph 8Restriction on writing off overseas sovereign debt etc
CFM15272Paragraph 9Further restriction on bringing into account losses on overseas sovereign debt etc
CFM15273Paragraph 10Imported losses etc
CFM15274Paragraph 11Transactions not at arm's length
CFM15275Paragraph 11AExchange gains and losses where loan not on arm's length terms
CFM15276Paragraph 12Continuity of treatment: groups etc
CFM15277Paragraph 13Loan relationships for unallowable purposes
CFM15278Paragraph 14Debits and credits treated as relating to capital expenditure
CFM15279Paragraph 15Repo transactions and stock-lending
CFM15280Paragraph 16Imputed interest
CFM15281Paragraph 17Discounted securities where companies have a connection
CFM15282Paragraph 18Discounted securities of close companies
CFM15283Paragraph 19Partnerships involving companies
CFM15284Paragraph 20Interpretation of references to major interests *

click here to return to topSchedule 10 FA 1996 Collective investment schemes

CFM15285Paragraph 1AInvestment trusts and venture capital trusts:capital reserves
CFM15286Paragraph 2AAuthorised unit trusts
CFM15287Paragraph 2BOpen-ended investment companies
CFM15288Paragraph 3Distributing offshore funds
CFM15289Paragraph 4Company holdings in unit trusts and offshore funds
CFM15290Paragraph 5Holding becoming or ceasing to be paragraph 4 holding
CFM15291Paragraph 6Opening valuation of paragraph 4 holding
CFM15292Paragraph 7Meaning of offshore funds
CFM15293Paragraph 8Non-qualifying investments test
CFM15294Paragraph 9Powers to make orders *

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