Section 28 Items treated under CAA 2001 as receipts and expenses
The rules for calculating the profits of a trade need to be read with—
(a)
the provisions of CAA 2001 which treat charges as receipts of a trade, and
(b)
the provisions of CAA 2001 which treat allowances as expenses of a trade.
Notes on Rules relating to calculation of profits
Textual amendments
- F1
S. 27 cross-heading inserted (6.4.2024 for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 10 paras. 12, 47 (with Sch. 10 paras. 48-50)