Revenue Law: Principles and Practice

Section 1 Introduction 1 UK taxation - structure and philosophy 2 Tax avoidance and the courts 3 Tax avoidance and legislation 4 Administrative machinery 5 Tax avoidance, the future and the disclosure rules Section 2 Income tax 6 General principles 7 Computation charges, allowances and rates 8 Taxation of employment income 9 Employee participation: options, incentives and trusts 10 Trading income 11 Losses 12 Land 13 Miscellaneous income 14 Annual payments, patent royalties and savings income 15 Tax shelters and insurance products 16 Trusts and settlements 17 Estates in the course of administration 18 The overseas dimension Section 3 Capital gains tax 19 CGT - basic principles 20 CGT - entrepreneurs' relief 21 CGT - death 22 CGT - exemptions and reliefs 23 CGT - the main residence 24 CGT - gifts and sales at an undervalue 25 CGT - settlements 26 CGT - companies and shareholders 27 CGT - Offshore matters for individuals 27A Offshore trusts and CGT Section 4 Inheritance tax Introduction - from estate duty to inheritance tax 28 IHT - lifetime transfers 29 IHT - reservation of benefit 30 IHT - death 31 IHT - exemptions and reliefs 32 IHT - settlements: definition and classification 33 IHT - settlements not subject to the relevant property regime 34 IHT - the relevant property regime 35 IHT - excluded property and the foreign element 36 Relief against double charges to IHT Section 5 VAT 37 VAT - the foundations 38 VAT - UK provisions 39 VAT on property 40 Practical application of VAT Section 6 Business enterprise 41 Corporation tax 42 Company distributions and shareholders 43 Corporate groups 44 The taxation of partnerships 45 Limited liability partnerships 46 Choice of business medium 47 Incorporations, acquisitions and demergers 48 Capital allowances Section 7 Stamp taxes 49 Stamp taxes Section 8 Pensions 50 Pensions Section 9 The family 51 Taxation of the family unit 52 Matrimonial breakdown Section 10 Charities 53 Tax treatment of charities Section 11 Europe and human rights 54 The impact of EU law 55 Human rights and taxation