{
  "url": "https://openlegislation.uk/finance-no-2-act-2017/schedule-2/paragraph-15",
  "json_url": "https://openlegislation.uk/finance-no-2-act-2017/schedule-2/paragraph-15.json",
  "legislation": "ukpga/2017/32",
  "legislation_title": "Finance (No. 2) Act 2017",
  "legislation_url": "https://openlegislation.uk/finance-no-2-act-2017",
  "path": "schedule/2/paragraph/15",
  "kind": "paragraph",
  "number": "15",
  "heading": null,
  "text": "After that italic heading insert—\n“Profits of a property business: application of trading income rules\n271E (1) The profits of a property business are calculated in the same way as the profits of a trade.\n(2) But this is subject to—\n(a) section 272, which limits the rule in subsection (1) in relation to a property business whose profits are calculated in accordance with GAAP, and\n(b) section 272ZA, which limits that rule in relation to a property business whose profits are calculated on the cash basis.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/15",
    "retrieved_at": "2026-10-29T09:05:16.335265+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}