LAM03000 - Calculation of 'I' Income and chargeable gains

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.

1. LAM03010

   Income and gains within ‘I’: Overview of tax basis
2. LAM03020

   FA12/S73 Steps 1 and 2: Computing ‘I’- overview and identification of assets: FA12/S74-75
3. LAM03030

   FA12/S73 Step 1: What is included as income: FA12/S74
4. LAM03040

   Main sources of BLAGAB investment return – summarised tax treatment
5. LAM03050

   Other potential sources of income and gains: intra-life company and intragroup transfers, substantial shareholdings exemption (SSE)
6. LAM03060

   Loan relationships, derivative contracts and intangible fixed assets: non trading treatment of credits and deficits: FA12/S74(1): FA12/S88 : CTA09/S388-391
7. LAM03070

   Derivatives not treated as loan relationships CTA09/Part 7: FA12/S74(1)(c)
8. LAM03080

   Land and property- separate property business and losses from property business FA12/S74(1)(a)
9. LAM03090

   Miscellaneous income and losses: FA12/S74(1)(j): FA12/S89
10. LAM03100

    Stock lending and Repos: TCGA92/S263B-C, CTA09/S546
11. LAM03200

    Step 2 FA12/S73: Calculating BLAGAB chargeable gains - an overview: FA12/S75
12. LAM03210

    Box transfers: FA12/S116
13. LAM03220

    Life companies as chargeable gains group members
14. LAM03230

    Transactions in shares: share pooling rules: FA12/S119-121
15. LAM03300

    Collective investment schemes - annual deemed disposal: overview: TCGA92/S212
16. LAM03310

    Collective investment schemes annual deemed disposal – categories of funds: TCGA92/S212
17. LAM03320

    Collective investment schemes not subject to TCGA92/S212
18. LAM03330

    Spreading of deemed disposal gains: TCGA92/S212
19. LAM03340

    Deemed disposals loss offset and carry back: TCGA92/S213(3)
20. LAM03350

    Deemed disposals: cessation/transfer of business; seeding an authorised contractual scheme (ACS): losses on disposal to connected 'authorised fund manager'
21. LAM03400

    FA12/S73 Step 2: Allowable losses that are not BLAGAB allowable losses: FA12/S95: TCGA92/210A
22. LAM03410

    FA12/S73 Step 2: Calculating the shareholders’ share of BLAGAB chargeable gains TCGA92/S210A(2)
23. LAM03420

    FA12/S73 Step 2: Calculating the shareholders’ share of BLAGAB allowable losses: TGGA92/S210A(6)-(9)
24. LAM03430

    Unrelieved General Annuity Business (GAB) losses
25. LAM03500

    FA12/S73 Step 3: Calculate deemed ‘I-E’ receipts FA12/S92
26. LAM03510

    FA12/S73 Step 3: minimum profits test FA12/S93 and S94 adjustments
27. LAM03520

    FA12/S73 Step 4: CTA09/S388 deduction for non-trading deficits
28. LAM03600

    Chargeable gains from venture capital limited partnerships (VCIPs) TCGA92/SCH7AD: Overview
29. LAM03610

    Chargeable gains from venture capital limited partnerships (VCIPs) TCGA92/SCH7AD: Acquisition cost of the deemed single asset
30. LAM03620

    Chargeable gains from venture capital limited partnerships TCGA92/SCH7AD: Disposals
31. LAM03630

    Chargeable gains from venture capital limited partnerships TCGA92/SCH7AD: Deemed disposals: computational rules for part-disposals
32. LAM03640

    Chargeable gains from venture capital limited partnerships: Scope and conditions of TCGA92/SCH7AD
33. LAM03650

    Chargeable gains from venture capital limited partnerships TCGA92/Sch7AD: Interaction with other legislation
34. LAM03700

    Transactions in shares: share exchanges (where SSE does not apply)
35. LAM03710

    Transactions in shares: Bed and breakfasting: TCGA92/210B
36. LAM03720

    Transactions in shares: substantial shareholdings exemption (SSE) TCGA92/SCH7AC
37. LAM03730

    Substantial shareholdings exemption (SSE): the interaction of the SSE rules and other life tax rules
38. LAM03740

    Substantial shareholdings exemption (SSE) and chargeable gains on loan relationships and derivative contracts