- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
21(1)Section 96A (capital receipts under, or after leaving, cash basis) is amended as follows.
(2)In subsection (3), for “an election under section 25A (cash basis for trades) has effect” substitute “the cash basis applies”.
(3)In subsection (3A), in paragraph (b), for the words “for which no election under section 25A had effect” substitute “in which the cash basis did not apply”.
(4)In subsection (3C)—
(a)in paragraph (a), for “no election under section 25A has effect” substitute “the cash basis does not apply”;
(b)in paragraph (b), for “such an election had had effect” substitute “the cash basis did apply”.
(5)In subsection (3D)—
(a)in paragraph (a), for “an election under section 25A had effect” substitute “the cash basis applied”;
(b)in paragraph (c), for “an election under section 25A had not had effect” substitute “the cash basis had not applied”.
(6)In subsection (3E), in paragraph (a), for “for which no election under section 25A had effect” substitute “in which the cash basis did not apply”.
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: