641(1)Amend section 860 (adjustment income) as follows.U.K.
(2)After subsection (1) insert—
“(1A)A change in the persons carrying on a property business from one period of account to the next does not prevent Chapter 7 of Part 3 (adjustment income) applying in relation to the property business so long as a person carrying on the property business immediately before the change continues to carry on the property business immediately after the change.”
(3)In subsection (3)—
(a)after “trade” insert “ or property business ”, and
(b)after “Chapter 17 of Part 2” insert “ , or Chapter 7 of Part 3, ”.
(4)In subsection (6)—
(a)in paragraph (a), at the end insert “ or Chapter 7 of Part 3 (as the case requires) ”, and
(b)in paragraph (b) after “trade” insert “ or property business (as the case requires) ”.