72 Apportionments etc. for purposes of Cases I, II and VI.U.K.
(1)M1Where in the case of any profits or gains chargeable [F1to corporation tax] under Case I, II or VI of Schedule D it is necessary in order to arrive for the purposes of F2. . . corporation tax at the profits or gains or losses of any F2. . . accounting period or other period, to divide and apportion to specific periods the profits or gains or losses for any period for which the accounts have been made up, or to aggregate any such profits, gains or losses or any apportioned parts thereof, it shall be lawful to make such a division and apportionment or aggregation.
(2)M2Any apportionment under this section shall be made in proportion to the number of [F3days] in the respective periods.
Textual Amendments
F1Words in s. 72(1) inserted (6.4.2005 with effect in accordance with s. 883(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), Sch. 1 para. 44(a) (with Sch. 2)
F2Words in s. 72(1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), Sch. 1 para. 44(b), Sch. 3 (with Sch. 2)
F3Word in s. 72(2) substituted (1.5.1995) by Finance Act 1995 (c. 4), s. 121
Modifications etc. (not altering text)
C1 See S.I. 1987 No. 530 (in Part III Vol. 5) regn. 16—payments attributable to non-resident entertainers and sportsmen.
Marginal Citations
M1SOURCE-1970 ss. 127(1), 129(2)
M2SOURCE-1970 s. 127(2), 527(4)