# Income Tax (Trading and Other Income) Act 2005, Section 307A: Cash basis: application of Chapter


(1) The following provisions of this Chapter apply only where the profits of a property business are calculated on the cash basis—
(a) section 307B (cash basis: capital expenditure),
(b) section 307C (cash basis: deduction for costs of loans), and
(c) section 307D (cash basis: modification of deduction for costs of loans).
(2) Sections 307E and 307F make provision about capital receipts in certain cases where the profits of a property business are calculated on the cash basis or have previously been calculated on the cash basis.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/307A (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-307A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.