Finance Act 1994 (c. 9)

Part IV Income Tax, Corporation Tax and Capital Gains Tax

Chapter IV Changes for Facilitating Self-Assessment

Assessment under Cases III to VI of Schedule D

208 Basis of assessment under Case VI

For section 69 of the Taxes Act 1988 there shall be substituted the following section—

“69 Case VI assessments

Income tax under Case VI of Schedule D shall be computed on the full amount of the profits or gains arising in the year of assessment.”