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Background

Chronology of CTA09 reforms

Overview of CTA09/PART8 tax rules

Link with accountancy

Simple example of taxation entries derived from figures in accounts

Capital versus revenue distinction no longer crucial

Expenditure linked to assets and to non capitalised expenditure

Disallowance of sums charged in the accounts

Commencement of new regime: existing assets

Assets outside FA02 rules: location of guidance

Royalties from new or existing assets

Related parties

Reinvestment relief

Reinvestment relief: transitional arrangements

Reinvestment relief: example

Groups of companies

International aspects

Finance leasing

Fungible assets

Avoidance

Valuation issues