Part 3

Property income
Chapter 7

Adjustment income

Adjustment on change of basis

Income charged
331
1
Tax is charged under this Chapter on the full amount of any adjustment income arising in the tax year.
2
This is subject to section 334A (spreading on leaving cash basis and related election).
S. 331(1): s. 331 renumbered as s. 331(1) (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. 28(a)
S. 331(2) 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. 28(b)