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Paragraph 19

After section 95 insert—

“Cash basis accounting

Application of Chapter to the cash basis

95A

For rules about receipts that apply only for the purpose of calculating profits on the cash basis, see the following—

  • section 96A (cash basis: capital receipts),

  • section 97A (cash basis: value of trading stock on cessation of trade),

  • section 97B (cash basis: value of work in progress on cessation of profession or vocation).”