Income Tax (Trading and Other Income) Act 2005 (c. 5)

Part 5 U.K. Miscellaneous income

Chapter 3 U.K. Films and sound recordings: non-trade businesses

613 Application of trading income rules to non-trade businesses U.K.

The provisions of Chapter 9 of Part 2 apply in relation to non-trade businesses as they apply in relation to trades but as if—

(a) references to a basis period were to a tax year, and

(b) references to anything not constituting trading stock of a trade were omitted.