Policy paper

Corporation Tax and Income Tax: tax treatment of appropriations to trading stock

This measure details changes to prevent abuse of flexibility in the tax code for capital losses.

• From: HM Revenue & Customs
• Published: 8 March 2017

Documents

Corporation Tax and Income Tax: Tax treatment of appropriations to trading stock

HTML

Draft clause

PDF, 43.6 KB, 1 page

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email [email protected]. Please tell us what format you need. It will help us if you say what assistive technology you use.

Draft explanatory notes

PDF, 139 KB, 2 pages

Details

This measure removes the option for businesses to elect under section 161 Taxation of Chargeable Gains Act 1992 for capital losses that would otherwise arise where an asset is appropriated to trading stock to be treated as trading deductions which can be offset against the total trading profits of the business.

Published 8 March 2017