Version Superseded: 01/04/2010
Point in time view as at 19/03/1997.
There are currently no known outstanding effects for the Finance Act 1997, Cross Heading: Time apportionment where periods do not coincide.
24(1)This paragraph applies in any case where—U.K.
(a)a period of account of the lessor does not coincide with a period of account of a person connected with the lessor, or
(b)a period of account of the lessor does not coincide with a period for which consolidated group accounts of a group of companies of which the lessor is a member fall to be prepared.
(2)Where this paragraph applies, any amount which falls for the purposes of this Schedule to be found for the lessor’s period of account but by reference to the connected person or, as the case may be, the consolidated group accounts shall be found by making such apportionments as may be necessary—
(a)between two or more periods of account of the connected person, or
(b)between two or more periods for which consolidated group accounts of the group fall to be prepared,
as the case may be.
(3)Any apportionment under sub-paragraph (2) above shall be made in proportion to the number of days in the respective periods which fall within the lessor’s period of account.
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