# Income Tax (Trading and Other Income) Act 2005, Section 96: Capital receipts


(1) Items of a capital nature must not be brought into account as receipts in calculating the profits of a trade.
(2) But this does not apply to items which, as a result of any provision of this Part, are brought into account as receipts in calculating the profits of the trade.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/96 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-96
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.