Commentary

D7.530 General principles

Corporate tax
Corporate tax | Commentary

D7.530 General principles

Corporate tax | Commentary

D7.530 General principles

The rules in this division apply for accounting periods beginning before 1 January 2013. For accounting periods beginning on or after 1 January 2013 see Division D7.4.

The I-E computation brings the company's income from all the various sources into one composite whole. The BLAGAB share of the income from those different sources is brought into the computation along with the BLAGAB share of any chargeable gains and the profits of the company's gross roll up business.

The income and gains of the company's non-BLAGAB businesses do not directly feature in the I-E computation, instead being included indirectly in the measure of profits from those categories of business. The income of the company's gross roll up business is excluded on the basis that to include it would amount to double taxation. Gains from the company's gross roll up business are exempt from corporation tax1.

In general the calculation of the income from the company's various sources follows the normal rules applicable to all

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