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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 / B2.209 Distribution of the assets of mutual concerns

B2.209 Distribution of the assets of mutual concerns

Business tax

Traders or trading companies who are members of a mutual entity may make contributions to a that concern (for example a members' club or trade association) for the purposes of the mutual concern's business. The mutual concern will not be taxed on the profits of its mutual business.

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E4.507S Operation of the charge on securities with artificially enhanced market value

C2.1020 Employment-related securities options and capital gains

C1.106A Annual exempt amount

C1.213 Liability to tax on chargeable gains—trustees in bankruptcy

E5.406 Employees of European Union delegations—tax exemptions

I5.226 Disposals of QIIPs for consideration

B2.315 The concept of wholly and exclusively

D6.618 Capital treatment on a purchase of own shares—HMRC advance clearance and reporting obligations

C2.108 Contingent liabilities

E4.1118 Calculation and payment of tax due on retrospective income

E4.1146 The PAYE cumulative basis—overview

B2.319 Duality of purpose—apportionment of the expenditure

C3.305 Rollover relief—time limit for acquisition of replacement assets

C1.511 Use of Mansworth v Jelley losses

E4.115 Employment income—place of performance of duties

B3.1006 The relevant interest

I5.221 Lifetime termination of QIIP—general

E7.234 Other types of lifetime benefit lump sum

D6.711 Liquidation—capital gains implications

C2.106 Deferred and contingent consideration on disposals

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