62(1)This paragraph applies if—U.K.
(a)a period of account of a property business begins before 6th April 2005 and ends on or after that date, and
(b)in order to arrive at the profits or losses of a tax year before the tax year 2005-06 it is necessary to apportion the profits or losses of the period of account to any part of that period falling in a tax year before the tax year 2005-06.
(2)The profits or losses of the period of account—
(a)are calculated in accordance with Part 3 of this Act (and therefore, to that extent, that Part has effect for tax years before the tax year 2005-06), and
(b)may be apportioned in accordance with section 275 to any part of the period of account falling in a tax year before the tax year 2005-06.