# Finance Act 1998, Section 46: Minor and consequential provisions about computations.

Extent: E+W+S+N.I.

(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) In the provisions of the Tax Acts which refer to the subject of the charge under Case I or II of Schedule D as “profits or gains” or “profits and gains" of a trade, profession or vocation—
(a) for “profits or gains" or “profits and gains", wherever occurring, substitute “ profits ”, and
(b) for “arising or accruing", in reference to such profits or gains, substitute “ arising ”.
The provisions affected are listed in Schedule 7 to this Act.

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Source: https://www.legislation.gov.uk/ukpga/1998/36/section/46 (the official version)
Page: https://openlegislation.uk/finance-act-1998/section-46
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.