Income Tax (Trading and Other Income) Act 2005

613Application of trading income rules to non-trade businesses

This section has no associated Explanatory Notes

The provisions of Chapter 9 of Part 2 apply in relation to non-trade businesses as they apply in relation to trades but as if—

(a)references to a basis period were to a tax year, and

(b)references to anything not constituting trading stock of a trade were omitted.