# Income Tax (Trading and Other Income) Act 2005, Paragraph 46


Section 167(2) does not apply for the purposes of sections 165 and 166 if the trade was started before 1st April 1993.

---
Source: https://www.legislation.gov.uk/ukpga/2005/5/schedule/2/paragraph/46 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/schedule-2/paragraph-46
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.