# Finance Act 2014, Paragraph 13


(1) Section 850D of ITTOIA 2005 has effect for periods of account beginning on or after 6 April 2014 (and section 850E of ITTOIA 2005 and section 1264A of CTA 2009 have effect accordingly).
(2) Sub-paragraphs (3) and (4) apply in relation to a firm where a period of account (“the straddling period”) begins before 6 April 2014 but ends on or after that date.
(3) Assume that the part of the straddling period falling on or after 6 April 2014 is a separate period of account.
(4) If section 850D(4) of ITTOIA 2005 would apply in relation to one or more individuals for the assumed separate period of account, Part 9 of that Act has effect as if that part of the straddling period were a separate period of account.

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Source: https://www.legislation.gov.uk/ukpga/2014/26/schedule/17/paragraph/13 (the official version)
Page: https://openlegislation.uk/finance-act-2014/schedule-17/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.