This annual guide to corporation tax meets the everyday needs of the busy tax adviser. A collaboration by leading tax writers Pete Miller, Satwaki Chanda and Andrew Parkes, Corporation Tax 2019/20 examines the rules, regulations and tax issues affecting companies in the UK. Topics covered include: Introduction to corporation taxTrading incomeCapital allowances (plant and machinery)Trading lossesGroupsInvestment businessProperty investmentBuildings and StructuresThe Construction Industry SchemeClose companies and connected issuesLoan relationshipsIntangible fixed assetsUK Patent BoxResearch and developmentCreative sector tax reliefsChargeable gainsReconstructions and amalgamationsDistributionsForeign mattersTransfer pricingSelf-assessmentRates and payment of corporation taxSelf-assessment penaltiesHMRC powersAccounting and taxThe year end This latest edition has been updated in line with the Finance Act 2019 and changes to HMRC guidance. It explores the following key topics:Rules dealing with new flexible use of corporate losses The restriction on the use of carried-forward lossesNew interest restriction, placing limits on the relief available for corporate borrowingsOffshore corporates investing in UK property to be brought into the corporation tax net with many investors being subject to tax on gains for the first timeReintroduction on tax relief for goodwill in respect of certain business acquisitions where there is a strong "IP connection"The introduction of the Structures and Buildings Allowance which allow the construction costs of commercial buildings to be written down over a 50 year period. This accessible reference guide has a user-friendly structure with 'signposts' at the beginning of each chapter to summarise key topics and 'focus points' throughout to highlight important issues. Numerous worked examples demonstrate how to apply the main principles in practice and all examples are listed in a table at the beginning for quick navigation.