Section 397 (restriction of relief in case of farming and market gardening)
This section has no associated Explanatory Notes
34(1)In subsection (5)—
(a)omit the definition of “basis year”, and
(b)in the definition of “chargeable period” omit the words from “or any basis period” to the end of the definition.
(2)Omit subsection (6).
(3)In subsection (7), for the words from “but so that” to the end of the subsection substitute “but disregarding—
(a)any allowance or charge under the Capital Allowances Act (including enactments which under this Act are to be treated as contained in that Act); and
(b)any provision of that Act requiring allowances and charges to be treated as expenses and receipts of the trade”.