Part 2

Trading income
Chapter 3A

Trade profits: cash basis

Overview of rest of Part 2

Overview of rest of Part 2 as it applies to cash basis
31F
1
For provision about the application of Chapters 4 to 6 (rules about deductions and receipts) in relation to the cash basis, see sections 32A, 56A and 95A.
2
For provision about the application of Chapter 11 (trade profits: other specific trades) in relation to the cash basis, see section 148K.
3
The following Chapters apply only where profits are calculated on the cash basis—
- Chapter 6A (trade profits: amounts not reflecting commercial transactions),
- Chapter 17A (cash basis: adjustments for capital allowances).
4
The following Chapters do not apply in relation to the cash basis—
- Chapter 8 (trade profits: herd basis rules),
- Chapter 9 (trade profits: sound recordings),
- Chapter 10 (trade profits: certain telecommunication rights),
- Chapter 10A (leases of plant or machinery: special rules for long funding leases),
- Chapter 11A (trade profits: changes in trading stock),
- Chapter 13 (deductions from profits: unremittable amounts),
- Chapter 14 (disposal and acquisition of know-how),
- Chapter 16 (averaging profits of farmers and creative artists),
- Chapter 16ZA (compensation for compulsory slaughter of animal),
- Chapter 16A (oil activities).
Pt. 2 Ch. 3A inserted (with effect in accordance with Sch. 4 paras. 56, 57 of the amending Act) by Finance Act 2013 (c. 29), Sch. 4 para. 5