Part 3 U.K. Property income

Chapter 3 U.K. Profits of property businesses: basic rules

[F1 Basis of calculation of profits U.K.

Textual Amendments

F1 Ss. 271A-271D and cross-heading inserted (16.11.2017) (with effect in accordance with Sch. 2 para. 64 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 2 para. 13

271C Basis of calculation of profits: cash basis required U.K.

The profits of a property business for a tax year must be calculated on the cash basis if none of conditions A, B, C, D or E in section 271A is met.]