Finance Act 1985
Finance Act 1985 (1985 c. 54)
- Finance Act 1985 (1985 c. 54)
- Part I Customs and Excise and Value Added Tax
- Chapter I Customs and Excise
- The rates of duty
- 1 Spirits, beer, wine, made-wine and cider.
- 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 3 Hydrocarbon oil.
- 4 Vehicles excise duty.
- Other provisions
- 5 Blending of certain wines to constitute production of wine.
- 6 Miscellaneous amendments relating to spirits and beer.
- 7 Hydrocarbon oil: mixing etc.
- 8 Gaming machine licence duty.
- 9 Vehicles excise duty: fees.
- 10 Computer records etc.
- Chapter II Value Added Tax
- Newspaper advertisements
- 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Offences etc.
- 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Civil penalties
- 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 13A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 14A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 14B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 15A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 17A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Interest, surcharges and supplements
- 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Assessments, records and information
- 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Appeals
- 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Miscellaneous
- 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Part II Income Tax, Corporation Tax and Capital Gains Tax
- Chapter I General
- 34—49. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 51—53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 54 Withdrawal of right of certain non-resident companies to payment of tax credits.
- Chapter II Capital Allowances
- 55—59 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 60 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 61—66 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Chapter III Capital Gains
- 67 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 68 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 69 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 70 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 71 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 72 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Chapter IV Securities
- 73—77. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Part III Stamp Duty
- 78—80. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 81 Renounceable letters of allotment etc.
- 82 Gifts inter vivos.
- 83 Part III Transfers in connection with divorce, dissolution of civil partnership,etc.
- 84 Death: varying dispositions, and appropriations.
- 85 Repeal of certain fixed duties.
- 86 Abolition of duty on contract notes.
- 87 Certificates.
- 88 Exchange rates.
- 89 Exemption from section 28 of Finance Act 1931.
- Part IV Oil Taxation
- 90 Limitations on relief for exploration and appraisal expenditure.
- 91 Chargeable periods relevant to limit on tax payable and expenditure supplement.
- 92 Qualifying asset; exclusion of land and certain buildings etc.
- Part V Miscellaneous and Supplementary
- 93 Abolition of development land tax and tax on development gains.
- 94 Capital transfer tax: conditional exemption.
- 95 The national heritage: transfer of Treasury functions to Board.
- 96 European Union and Investment Bank: exemptions.
- 97 Extension of Provisional Collection of Taxes Act 1968 to reduced and composite rates.
- 98 Short title interpretation, construction and repeals.
- SCHEDULES
- SCHEDULE 1 Table of Rates of Duty on Wine and Made-Wine
- SCHEDULE 2 Vehicles Excise Duty
- Part I Provisions Substituted in Part II of Schedules 1 to 5 to the Vehicles (Excise) Act 1971 and the Vehicles (Excise) Act (Northern Ireland) 1972
- Part II Amendment of Part I of Schedule 4 to the Vehicles (Excise) Act 1971 and the Vehicles (Excise) Act (Northern Ireland) 1972
- SCHEDULE 3 Amendments of Alcoholic Liquor Duties Act 1979
- Manufacture of spirits during the recovery of beer
- Spirits: attenuation charge
- Determination of beer duty
- Restrictions on adding substances to beer
- SCHEDULE 4 Hydrocarbon Oil: Mixing Etc.
- SCHEDULE 5 Gaming Machine Licence Duty
- Part I Amendments of Betting and Gaming Duties Act 1981
- Part II Extension to Northern Ireland of Certain Subordinate Legislation
- Interpretation
- The President
- Sittings of tribunals
- Membership of tribunals
- Administration
- SCHEDULES 9—13 . . .
- SCHEDULES 14—17. . . .
- SCHEDULE 18 . . .
- Consideration for options
- Part IV Identification of Securities etc.
- Disposals on which relief may be given
- Gains qualifying for relief
- The amount available for relief : the basic rule
- Aggregation of earlier business periods
- Relief given on earlier disposal
- Aggregation of spouse’s interest in the business
- SCHEDULE 24 Stamp Duty: Headings Omitted
- SCHEDULE 25 Abolition of Development Land Tax and Tax on Development Gains
- Part I Provisions Supplementary to Abolition of Development Land Tax
- Part II Consequential Amendments
- The Taxes Management Act 1970
- The Taxes Act
- The Finance Act 1981
- SCHEDULE 26 Capital Transfer Tax: Conditional Exemption
- Principal amendments
- Consequential amendments
- SCHEDULE 27 Repeals
- Part I Customs and Excise: Miscellaneous
- Part II Vehicles Excise Duty
- Part III Gaming Machine Licence Duty
- Part IV Value Added Tax
- Part V Income Tax and Corporation Tax: General
- Part VI Income Tax and Corporation Tax: Capital Allowances
- Part VII Capital Gains
- Part VIII Securities
- Part IX Stamp Duty
- Part X Development Land Tax and Tax on Development Gains
- Part XI Miscellaneous
Feedback