# Income Tax (Trading and Other Income) Act 2005, Section 271C: Basis of calculation of profits: cash basis required

Extent: E+W+S+N.I.

The profits of a property business for a tax year must be calculated on the cash basis if none of conditions A, B, C, D or E in section 271A is met.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/271C (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-271C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.