# Finance (No. 2) Act 2017, Paragraph 25


In section 315 (deduction for expenditure on sea walls), after subsection (6) insert—
“(7) In calculating the profits of a property business on the cash basis, any reference in this section to the incurring of expenditure is to the paying of expenditure.”

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Source: https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/25 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2017/schedule-2/paragraph-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.