Schedules

Schedule 10Calculation of trade profits etc

Part 2Minor and consequential amendments

Chapter 1Amendments of ITTOIA 2005

31Amendments of other provisions

In section 783AE (full relief: introduction), in subsection (3)—

a

for paragraph (a) substitute—

a

the cash basis applies for the tax year in relation to one or more of the trades mentioned in subsection (2)(a);

b

in paragraph (b)—

i

for “25A” substitute “25C(1)”;

ii

at the end insert “in relation to one or more of the trades mentioned in paragraph (a)”;

c

omit paragraphs (c) and (d).