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

Part 2 U.K. Trading income

F1 Chapter 15 U.K. Basis periods

Textual Amendments

F1 Pt. 2 Ch. 15 omitted (6.4.2024 for the tax year 2024-25 and subsequent tax years) by virtue of Finance Act 2022 (c. 3), Sch. 1 paras. 8, 61(1)

Overlap profits and losses U.K.

204 Meaning of “overlap period” and “overlap profit” U.K.

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F1 204A Overlap profit and trading allowance under Chapter 1 of Part 6A U.K.

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F1 205 Deduction for overlap profit in final tax year U.K.

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F1 206 Restriction on bringing losses into account twice U.K.

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F1 207 Treatment of business start-up payments received in an overlap period U.K.

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