Paragraph 29
In Chapter 11A (trade profits: changes in trading stock), after section 172A insert—
“Chapter not to apply where cash basis used
172AANothing in this Chapter applies in calculating the profits of a trade on the cash basis.”
In Chapter 11A (trade profits: changes in trading stock), after section 172A insert—
“Chapter not to apply where cash basis used
172AANothing in this Chapter applies in calculating the profits of a trade on the cash basis.”