C1Part 3Trading income

Annotations:
Modifications etc. (not altering text)

Chapter 6Trade profits: receipts

Capital receipts

93Capital receipts

1

Items of a capital nature must not be brought into account as receipts in calculating the profits of a trade.

2

But this does not apply to items which, as a result of any provision of the Corporation Tax Acts, are brought into account as receipts in calculating the profits of the trade.