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
207 Basis of assessment under Cases IV and V.
1
In subsection (1) of section 65 of that Act (Case IV and V assessments: general), the words “and sections 66 and 67” and the words “the year preceding” shall cease to have effect.
2
In subsection (3) of that section—
a
after the words “Cases I and II of Schedule D” there shall be inserted the words “
(including sections 60 to 63A and 113)
”
; and
b
the words from “Nothing in this subsection” to the end shall cease to have effect.
3
In subsection (5) of that section, the words “subject to sections 66 and 67” and the words “the year preceding”, in each place where they occur, shall cease to have effect.
4
Sections 66 and 67 of that Act (special rules for fresh income and special rules where source of income disposed of or yield ceases) shall cease to have effect.
5
In subsection (1) of section 68 of that Act (special rules where property etc. situated in Republic of Ireland), for the words “sections 65 or 66” there shall be substituted the words “
section 65
”
.
6
In its application to trades, professions or vocations set up and commenced before 6th April 1994, subsection (2) above has effect as respects the year 1997-98 and subsequent years of assessment.