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Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Rules relating to calculation of profits

  • Section 27 Receipts and expenses
  • Section 28 Items treated under CAA 2001 as receipts and expenses
  • Section 28A Money's worth
  • Section 29 Interest
  1. Rules relating to calculation of profits
  2. Items treated under CAA 2001 as receipts and expenses

Section 28 | Items treated under CAA 2001 as receipts and expenses

From legislation.gov.uk

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.

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