BIM40100 - Specific receipts: compensation and damages: contents

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.

1. BIM40101

   Introduction
2. BIM40105

   Is it a trade receipt?
3. BIM40110

   Capital or revenue: summary
4. BIM40115

   Tangible assets fixed capital
5. BIM40120

   Intangible assets
6. BIM40125

   Other than trading contracts
7. BIM40130

   Reimbursement of trading expenses
8. BIM40135

   Loss of office: in course of trade or profession
9. BIM40140

   Loss of office: exceptions