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HMRC internal manual

Property Income Manual

Use of trading income rules: application of trading income rules: CT

All the rules in Chapter 4 CTA09 are applied to both trading and property income except:

  • CTA09/S62 (lease premium relief for traders): lease premium relief for property income purposes is given by CTA09/S231

  • Section 42 (tied premises).

Certain other trading income rules also apply to property income. The table below sets out which rules these are and where you can find further guidance. The statutory authority for applying them to property income is CTA09/S210.

Statute Instructions When from
Post cessation receipts and expenditure, CTA09/S188-200. BIM80500 onwards 1 April 1998
Effect of company beginning or ceasing to carry on trade, CTA09/S41 (1) CTM02100 onwards 1 April 1998
Relief for pre-trading expenditure, CTA09/S57 BIM46350 onwards 1 April 1998
Business entertainment expenses, CTA09/S1298 BIM45000 onwards 1 April 1998
Expenditure involving crime, CTA09/S1304 BIM43100 onwards 1 April 1998
Redundancy payments CTA09/76 – 77 and CTA09/S1239 BIM47200 onwards 1 April 1998
Relief for the cost of training employees, CTA09/S1238 BIM47080 1 April 1998
Relief for the cost of counselling employees, CTA09/S73 BIM47060 1 April 1998
Consideration for restrictive undertakings CTA09/S69 BIM47005 1 April 1998
Deductions in respect of certain emoluments, CTA09/S1288 BIM47100 onwards 1 April 1998
Computation of profits and losses, CTA09/S46 – S48. BIM31000 onwards 1 April 1998
Change of accounting basis, CTA09/S180-S187 BIM34000 onwards 1 April 1998
Expenditure on remediation of contaminated land, CTA09/S1149-1150 CIRD60000onwards 1 April 2001