http://www.legislation.gov.uk/ukpga/2005/5/section/329AIncome Tax (Trading and Other Income) Act 2005An Act to restate, with minor changes, certain enactments relating to income tax on trading income, property income, savings and investment income and certain other income; and for connected purposes.texttext/xmlenStatute Law Database2026-07-30Expert Participation2026-07-15 Income Tax (Trading and Other Income) Act 2005s. 168(6)(e) and wordPlanning (Consequential Provisions) (Wales) Act 2026Deddf Cynllunio (Darpariaethau Canlyniadol) (Cymru) 2026Sch. 2 para. 370(b)Sch. 5 Pt. 1s. 5(2) Part 3Chapter 7329AThis Chapter applies if—athe profits of a property business are calculated—ion the cash basis for a tax year (see section 271D), andiiin accordance with GAAP (see section 271B) for the following tax year, orbthe profits of a property business are calculated—iin accordance with GAAP for a tax year, andiion the cash basis for the following tax year.S. 329A 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. 27