Part 2Trading income
C1C3C2 Chapter 15Basis periods
Annotations:
Modifications etc. (not altering text)
C3
Pt. 2 Ch. 15 applied (with application in accordance with Sch. 1 para. 62 of the amending Act) by Finance Act 2022 (c. 3), Sch. 1 para. 63
C2
Pt. 2 Ch. 15 applied (with application in accordance with Sch. 1 para. 64 of the amending Act) by Finance Act 2022 (c. 3), Sch. 1 para. 65
Overlap profits and losses
204Meaning of “overlap period” and “overlap profit”
In this Chapter—
“overlap period” means a period which falls within two basis periods, and
“overlap profit” means profit which arises in an overlap period.
Pt. 2 Ch. 15 excluded (14.2.2006 with effect as mentioned in reg. 1(2) of the amending S.I.) by S.I. 1997/2681 reg. 6(1)(a) as amended by The Lloyd's Underwriters (Scottish Limited Partnerships) (Tax) (Amendment) Regulations 2006 (S.I. 2006/111), reg. 8