Part IV Income Tax, Corporation Tax and Capital Gains Tax
Chapter IV Changes for Facilitating Self-Assessment
Assessment under Cases III to VI of Schedule D
206 Basis of assessment under Case III.
For section 64 of the Taxes Act 1988 there shall be substituted the following section—
64 Case III assessments.
Income tax under Case III of Schedule D shall be computed on the full amount of the income arising within the year of assessment, and shall be paid on the actual amount of that income, without any deduction.