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BIM40100 | Specific receipts: compensation and damages: contents

From HM Revenue & Customs · Business Income Manual

S5 Income Tax (Trading and Other Income) Act 2005, S35 Corporation Tax Act 2009

Compensation can arise in a variety of circumstances. This chapter describes whether compensation received by a taxpayer is taxable for the purposes of trading profits and contains the following.

Contents9 entries

  1. BIM40101Specific receipts: compensation and damages: introduction
  2. BIM40105Specific receipts: compensation and damages: is it a trade receipt?
  3. BIM40110Specific receipts: compensation and damages: capital or revenue: summary
  4. BIM40115Specific receipts: compensation and damages: tangible assets fixed capital
  5. BIM40120Specific receipts: compensation and damages: intangible assets
  6. BIM40125Specific receipts: compensation and damages: other than trading contracts
  7. BIM40130Specific receipts: compensation and damages: reimbursement of trading expenses
  8. BIM40135Specific receipts: compensation and damages: loss of office: in course of trade or profession
  9. BIM40140Specific receipts: compensation and damages: loss of office: exceptions