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LAM03000 | Calculation of 'I' Income and chargeable gains

From HM Revenue & Customs · Life Assurance Manual

This manual has yet to be updated to reflect the charge to corporation tax arising from the disposal by non-residents of interests in UK land.

Contents38 entries

  1. LAM03010Calculation of 'I' Income and chargeable gains: Income and gains within ‘I’: Overview of tax basis
  2. LAM03020Calculation of ‘I’ Income and chargeable gains: FA12/S73 Steps 1 and 2: Computing ‘I’- overview and identification of assets: FA12/S74-75
  3. LAM03030Calculation of ‘I’ Income and chargeable gains: FA12/S73 Step 1: What is included as income: FA12/S74
  4. LAM03040Calculation of ‘I’ Income and chargeable gains: Main sources of BLAGAB investment return – summarised tax treatment
  5. LAM03050Calculation of ‘I’ Income and chargeable gains: Other potential sources of income and gains: intra-life company and intragroup transfers, substantial shareholdings exemption (SSE)
  6. LAM03060Calculation of ‘I’ Income and chargeable gains: Loan relationships, derivative contracts and intangible fixed assets: non trading treatment of credits and deficits: FA12/S74(1): FA12/S88 : CTA09/S388-391
  7. LAM03070Calculation of ‘I’ Income and chargeable gains: Derivatives not treated as loan relationships CTA09/Part 7: FA12/S74(1)(c)
  8. LAM03080Calculation of ‘I’ Income and chargeable gains: Land and property - separate property business and losses from property business FA12/S74(1)(a)
  9. LAM03090Calculation of ‘I’ Income and chargeable gains: Miscellaneous income and losses: FA12/S74(1)(j): FA12/S89
  10. LAM03100Calculation of ‘I’ Income and chargeable gains: Stock lending and Repos: TCGA92/S263B-C, CTA09/S546
  11. LAM03200Calculation of ‘I’ Income and chargeable gains: Step 2 FA12/S73: Calculating BLAGAB chargeable gains - an overview: FA12/S75
  12. LAM03210Calculation of ‘I’ Income and chargeable gains: Box transfers: FA12/S116
  13. LAM03220Calculation of ‘I’ income and chargeable gains: Life companies as chargeable gains group members
  14. LAM03230Calculation of ‘I’ Income and chargeable gains: Transactions in shares: share pooling rules: FA12/S119-121
  15. LAM03300Calculation of 'I' Income and chargeable gains: Collective investment schemes - annual deemed disposal: overview: TCGA92/S212
  16. LAM03310Calculation of ‘I’ income and chargeable gains: Collective investment schemes annual deemed disposal – categories of funds: TCGA92/S212
  17. LAM03320Calculation of ‘I’ Income and chargeable gains: Collective investment schemes not subject to TCGA92/S212
  18. LAM03330Calculation of ‘I’ Income and chargeable gains: Spreading of deemed disposal gains: TCGA92/S212
  19. LAM03340Calculation of ‘I’ Income and chargeable gains: Deemed disposals loss offset and carry back: TCGA92/S213(3)
  20. LAM03350Calculation of ‘I’ Income and chargeable gains: Deemed disposals: cessation/transfer of business; seeding an authorised contractual scheme (ACS): losses on disposal to connected 'authorised fund manager'
  21. LAM03400Calculation of ‘I’ Income and chargeable gains: FA12/S73 Step 2: Allowable losses that are not BLAGAB allowable losses: FA12/S95: TCGA92/210A
  22. LAM03410Calculation of ‘I’ Income and chargeable gains: FA12/S73 Step 2: Calculating the shareholders’ share of BLAGAB chargeable gains TCGA92/S210A(2)
  23. LAM03420Calculation of ‘I’ Income and chargeable gains: FA12/S73 Step 2: Calculating the shareholders’ share of BLAGAB allowable losses: TGGA92/S210A(6)-(9)
  24. LAM03430Calculation of ‘I’ Income and chargeable gains: Unrelieved General Annuity Business (GAB) losses
  25. LAM03500Calculation of ‘I’ Income and chargeable gains: FA12/S73 Step 3: Calculate deemed ‘I-E’ receipts FA12/S92
  26. LAM03510Calculation of ‘I’ Income and chargeable gains: FA12/S73 Step 3: minimum profits test FA12/S93 and S94 adjustments
  27. LAM03520Calculation of ‘I’ Income and chargeable gains: FA12/S73 Step 4: CTA09/S388 deduction for non-trading deficits
  28. LAM03600Calculation of ‘I’ Income and chargeable gains: Chargeable gains from venture capital limited partnerships (VCIPs) TCGA92/SCH7AD: Overview
  29. LAM03610Calculation of ‘I’ Income and chargeable gains: Chargeable gains from venture capital limited partnerships (VCIPs) TCGA92/SCH7AD: Acquisition cost of the deemed single asset
  30. LAM03620Calculation of ‘I’ Income and chargeable gains: Chargeable gains from venture capital limited partnerships TCGA92/SCH7AD: Disposals
  31. LAM03630Calculation of ‘I’ Income and chargeable gains: Chargeable gains from venture capital limited partnerships TCGA92/SCH7AD: Deemed disposals: computational rules for part-disposals
  32. LAM03640Calculation of ‘I’ Income and chargeable gains: Chargeable gains from venture capital limited partnerships: Scope and conditions of TCGA92/SCH7AD
  33. LAM03650Calculation of ‘I’ Income and chargeable gains: Chargeable gains from venture capital limited partnerships TCGA92/Sch7AD: Interaction with other legislation
  34. LAM03700Calculation of ‘I’ Income and chargeable gains: Transactions in shares: share exchanges (where SSE does not apply)
  35. LAM03710Calculation of ‘I’ Income and chargeable gains: Transactions in shares: Bed and breakfasting: TCGA92/210B
  36. LAM03720Calculation of ‘I’ Income and chargeable gains: Transactions in shares: substantial shareholdings exemption (SSE) TCGA92/SCH7AC
  37. LAM03730Calculation of ‘I’ Income and chargeable gains: Substantial shareholdings exemption (SSE): the interaction of the SSE rules and other life tax rules
  38. LAM03740Calculation of ‘I’ Income and chargeable gains: Substantial shareholdings exemption (SSE) and chargeable gains on loan relationships and derivative contracts