Commentary

B3.1018 Anti-avoidance provisions

Business tax
Business tax | Commentary

B3.1018 Anti-avoidance provisions

Business tax | Commentary

B3.1018 Anti-avoidance provisions

These allowances are not available for expenditure incurred on or after 6 April 2013 (income tax) or 1 April 2013 (corporation tax). However, see B3.1012 for balancing adjustments which can still apply.

The provisions regarding contributions to expenditure (see B3.112) do not apply to flat conversion allowances1.

The rules that treat sales between connected persons, or sole or main benefit sales, as taking place at market value (see B3.108) are applied to flat conversion allowances2; but such allowances are excluded from the special provisions that permit connected persons to elect for transfers of assets between them to be treated

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