SCHEDULES
SCHEDULE 5 Rent and other receipts from land
Part IV Transitional provisions for corporation tax
Receipts and expenses not to be counted twice
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(1)
To the extent that receipts or expenses have been taken into account before commencement, they shall not be taken into account again under the new rules after commencement.
(2)
Nothing in section 43 of the M1Finance Act 1989 (computation of profits: effect of delayed payment of emoluments) shall be construed as affecting the rule in sub-paragraph (1) above.