SCHEDULES
SCHEDULE 1Abolition of basis periods
PART 2Other amendments of ITTOIA 2005
11Part 2 (trading income)
In section 47 (business gifts: exceptions), in subsection (3)(b), for “basis period” substitute “tax year”
.
In section 47 (business gifts: exceptions), in subsection (3)(b), for “basis period” substitute “tax year”
.