Part 3Income tax, corporation tax and capital gains tax
Chapter 2Other provisions
Miscellaneous
103 References to accounting practice and periods of account
F131
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F32
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3
In section 288(1) of the Taxation of Chargeable Gains Act 1992 (interpretation), at the appropriate place insert—
“period of account” has the meaning given by section 832(1) of the Taxes Act;
4
In the following provisions for “normal accounting practice” or “normal accountancy practice”, wherever occurring, substitute “
generally accepted accounting practice
”
b
in the Finance Act 1993 (c. 34), sections F2... 150(6)(c) and (11)(c), 154(11)(c), (12)(d), (13)(b), (13A)(d) and (13B)(d), 155(7), (11)(d) and (12)(b), 156(2)(e) and (4)(b) and 159(1)(b);
c
in the Finance Act 1994 (c. 9), section 156(3)(a) and (4)(a);
F9d
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g
in the Capital Allowances Act 2001 (c. 2), sections 179(1)(f), 219(1) F7...;
F8h
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F115
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6
The amendments made by subsections (1) to (3) above have effect for the purposes of provisions of this Act using the expressions mentioned (including provisions inserted by amendment in other enactments) whenever those provisions are expressed to have effect or to come, or to have come, into force.
This is without prejudice to the general effect of those amendments.