{
  "url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-239A",
  "json_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-239A.json",
  "legislation": "ukpga/2005/5",
  "legislation_title": "Income Tax (Trading and Other Income) Act 2005",
  "legislation_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005",
  "path": "section/239A",
  "kind": "section",
  "number": "239A",
  "heading": "Spreading on leaving cash basis",
  "text": "(1) This section applies if—\n(a) the cash basis applies in relation to a trade for a tax year, and\n(b) the cash basis does not apply in relation to the trade for the following tax year.\n(2) Any adjustment income is spread over 6 tax years as follows.\n(3) In each of the 6 tax years beginning with that in which the whole amount of the adjustment income would otherwise be chargeable to tax, an amount equal to one-sixth of the amount of the adjustment income is treated as arising and is charged to tax.\n(4) This section is subject to any election under section 239B (election to accelerate charge).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Ss. 239A, 239B and cross-heading inserted (with effect in accordance with Sch. 4 paras. 56, 57 of the amending Act) by Finance Act 2013 (c. 29), Sch. 4 para. 37"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 239A(1)(a) substituted (6.4.2024 for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 10 paras. 27(a), 47 (with Sch. 10 paras. 48-50)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 239A(1)(b) substituted (6.4.2024 for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 10 paras. 27(b), 47 (with Sch. 10 paras. 48-50)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2005/5/section/239A",
    "retrieved_at": "2026-10-29T09:16:32.370392+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."
}