PIM1106 - Use of trading income rules: application of trading income rules: CT
All the rules in Chapter 4 of Part 3 of the Corporation Tax Act 2009 (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 |