Paragraph 31 Amendments of other provisions

United Kingdom

In section 783AE (full relief: introduction), in subsection (3)—

(a)

for paragraph (a) substitute—

“(a)

the cash basis applies for the tax year in relation to one or more of the trades mentioned in subsection (2)(a);”;

(b)

in paragraph (b)—

(i)

for “25A” substitute “25C (1)”;

(ii)

at the end insert “in relation to one or more of the trades mentioned in paragraph (a)”;

(c)

omit paragraphs (c) and (d).