Paragraph 24
In Chapter 8 (trade profits: herd basis rules), after section 111 insert—
“Herd basis rules not to apply where cash basis used
111ANothing in this Chapter applies in calculating the profits of a trade on the cash basis.”
In Chapter 8 (trade profits: herd basis rules), after section 111 insert—
“Herd basis rules not to apply where cash basis used
111ANothing in this Chapter applies in calculating the profits of a trade on the cash basis.”