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Home / Simons-Taxes /Business tax /Part B2 How are trade profits and losses calculated? /Division B2.2 Trade receipts /Other trade receipts / B2.207A Transactions not carried out on commercial terms

B2.207A Transactions not carried out on commercial terms

Business tax

Transfer pricing

Transfer pricing is covered in detail in Division B4.1. Broadly, the UK transfer pricing rules may require the adjustment of trading profits or losses in a tax return where:

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•�� a provision exists between two or more affected persons, by means of a transaction or series of transactions, which is not carried out on an arm's length basis; and
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C1.106 Allowable capital losses

I9.421 Situs of simple contract debts for IHT

B3.340A Hire purchase of plant and machinery and similar contracts

B4.130 Summary of OECD guidelines on arm's length principle

B2.218 Surplus business accommodation

C3.1814A CGT exempt assets—qualifying corporate bonds (QCB)

A4.214 Claims following further assessments—income tax and capital gains tax

B2.413 Car hire

A1.543 Welsh GAAR

A4.557 Late filing penalties—company tax returns

C2.902 Wasting assets—wasting of allowable expenditure

C3.304 Rollover relief—expenditure on replacement assets qualifying for relief

B2.319 Duality of purpose—apportionment of the expenditure

I7.120A BPR and excepted assets

D1.404B Large company definition for R&D tax relief

D6.711 Liquidation—capital gains implications

C2.106 Deferred and contingent consideration on disposals

C2.1016 Option to subscribe for shares in a company (share warrants)

D6.330 Special situations involving a transfer of trade with common ownership—business of leasing plant or machinery

B2.202 Capital receipts