Income and Corporation Taxes Act 1988 (c. 1)

PART IV PROVISIONS RELATING TO THE SCHEDULE D CHARGE

CHAPTER II INCOME TAX: BASIS OF ASSESSMENT ETC.

Case VI

69 Assessment on current year basis unless otherwise directed

(1) Income tax under Case VI of Schedule D shall be computed either on the full amount of the profits or gains arising in the year of assessment or according to an average of such period, not being greater than one year, as the case may require and as may be directed by the inspector.

(2) On an appeal to the General or Special Commissioners, the Commissioners shall have jurisdiction to review the inspector’s decision under this section.