SCHEDULES
SCHEDULE 2Transitionals and savings
Part 21Other provisions
Miscellaneous profits and losses: apportionment to accounting periods ending before 1 April 2009
143
1
This paragraph applies if—
a
a relevant period of account begins before 1 April 2009 and ends on or after that date, and
b
in order to arrive at the profits or losses of an accounting period ending before 1 April 2009 it is necessary to apportion the profits or losses of the relevant period of account to any part of that period before 1 April 2009.
2
A period of account is a “relevant period” if—
a
section 1307 applies to the period of account, and
b
the profits or losses of the part of the period of account falling in an accounting period ending after 31 March 2009 are calculated in accordance with this Act.
3
The profits or losses of the relevant period of account—
a
are calculated in accordance with this Act (and therefore, to that extent, this Act has effect for accounting periods ending before 1 April 2009), and
b
may be apportioned in accordance with section 1307 to any part of the period of account falling in an accounting period ending before 1 April 2009.