# Corporation Tax Act 2009, Paragraph 641


(1) Amend section 860 (adjustment income) as follows.
(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) ”.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/641 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/schedule-1/paragraph-641
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.