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HMRC internal manual

Business Income Manual

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HM Revenue & Customs
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Computing the amount to assess: business changes: contents

This chapter considers the principles which determine whether a commencement or cessation of trade has occurred. The taxation treatment on commencement of trade is described in BIM81015 and the cessation provisions are at BIM81025. Certain loss reliefs are available only on commencement (BIM85045) or cessation (BIM85055). Income relating to the trade, which arises after cessation has occurred, will be taxed as post cessation receipts. See BIM100000 onwards. The chapter also considers changes in the persons carrying on a trade, which normally is referred to as ‘succession’.

  1. BIM80501
    A matter of fact
  2. BIM80505
    Commencement: general principles
  3. BIM80510
    Commencement: manufacturers and retailers
  4. BIM80515
    Commencement: high technology businesses
  5. BIM80520
    Commencement: mining and similar businesses
  6. BIM80525
    Commencement: trading before company formation
  7. BIM80530
    One trade or more than one trade: general principles
  8. BIM80535
    One trade or more than one trade: companies
  9. BIM80540
    One trade or more than one trade: decided cases
  10. BIM80545
    One trade or more than one trade: carrying on a trade and a profession
  11. BIM80550
    One trade or more than one trade: same trade by different entities
  12. BIM80555
    One trade or more than one trade: losses
  13. BIM80565
    Cessation: general principles
  14. BIM80570
    Cessation: death and insolvency
  15. BIM80575
    Cessation: collection of trade debts
  16. BIM80580
    Cessation: break in activities
  17. BIM80585
    Cessation: professions and vocations
  18. BIM80590
    Changes in scale, nature or location of trade: general principles
  19. BIM80595
    Changes in scale, nature or location of trade: organic unity
  20. BIM80600
    Changes in scale, nature or location of trade: part-time to full-time
  21. BIM80605
    Changes in scale, nature or location of trade: relocations
  22. BIM80610
    Changes in scale, nature or location of trade: changes in residence status
  23. BIM80615
    Changes in scale, nature or location of trade: business expansion
  24. BIM80620
    Succession and changes in ownership: what is a succession?
  25. BIM80625
    Succession and changes in ownership: professions and vocations
  26. BIM80630
    Succession and changes in ownership: effect of succession on the charge to tax
  27. BIM80635
    Succession and changes in ownership: partial changes in ownership
  28. BIM80640
    Succession and changes in ownership: succession and part-trades
  29. BIM80645
    Succession and changes in ownership: is a sale of a business to another trader a succession?
  30. BIM80650
    Succession and changes in ownership: factors affecting succession
  31. BIM80655
    Succession and changes in ownership: insolvency
  32. BIM80660
    Succession and changes in ownership: date of succession
  33. BIM80665
    Succession and changes in ownership: apportionment of profits
  34. BIM80675
    Succession and changes in ownership: expansion by acquiring a business as a going concern
  35. BIM80680
    Succession and changes in ownership: mergers
  36. BIM80685
    Succession and changes in ownership: demergers
  37. BIM80690
    Professional work in progress at cessation