Meaning of items being brought into account
3(1)The references in paragraph 2 to items being brought into account in a period of account before the change of basis are to their being brought into account—
(a)in computing the profits of the same trade, profession or vocation, and
(b)in accordance with the law or practice then applicable.
(2)For the purposes of sub-paragraph (1)(a) a trade, profession or vocation is not regarded as the same if section 113(1) or 337(1) of the Taxes Act 1988 applies (deemed discontinuance on change of persons carrying on trade, profession or vocation).
(3)For the purposes of sub-paragraph (1)(b) the practice applicable in any case means the accepted practice in cases of that description as to how profits should be computed for the purposes of Case I or II of Schedule D.