Part 3

Property income
Chapter 5

Profits of property businesses: other rules about receipts and deductions

Cash basis: application of Chapter

Cash basis: application of Chapter
307A
1
The following provisions of this Chapter apply only where the profits of a property business are calculated on the cash basis—
a
section 307B (cash basis: capital expenditure),
b
section 307C (cash basis: deduction for costs of loans), and
c
section 307D (cash basis: modification of deduction for costs of loans).
2
Sections 307E and 307F make provision about capital receipts in certain cases where the profits of a property business are calculated on the cash basis or have previously been calculated on the cash basis.
Ss. 307A-307F and cross-headings inserted (16.11.2017) (with effect in accordance with Sch. 2 para. 64 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 2 para. 23