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BIM37010 | Wholly and exclusively: statutory background : what the guidance covers: contents

From HM Revenue & Customs · Business Income Manual

S34 Income Tax (Trading and Other Income) Act 2005, S54 Corporation Tax Act 2009

Introduction and layout of guidance

To understand the subject of ‘wholly and exclusively’ you need to place it in the statutory context of what is involved in computing profits for tax purposes. The relevant legislation is described in the following sections of guidance:

Contents5 entries

  1. BIM37020Wholly and exclusively: statutory background: what the guidance covers: legislative starting point
  2. BIM37025Wholly and exclusively: statutory background: what the guidance covers: expenses rule for employees
  3. BIM37030Wholly and exclusively: statutory background: what the guidance covers: tax is charged on the full amount of profits
  4. BIM37035Wholly and exclusively: statutory background: the statutory prohibition
  5. BIM37045Wholly and exclusively: statutory background: appeal to be on a point of law