Section 31F | Overview of rest of Part 2 as it applies to cash basis

(1)For provision about the application of Chapters 4 to 6 (rules about deductions and receipts) in relation to the cash basis, see sections 32A, 56A and 95A.

(2)For provision about the application of Chapter 11 (trade profits: other specific trades) in relation to the cash basis, see section 148K.

(3)The following Chapters apply only where profits are calculated on the cash basis—

Chapter 6A (trade profits: amounts not reflecting commercial transactions),

Chapter 17A (cash basis: adjustments for capital allowances).

(4)The following Chapters do not apply in relation to the cash basis—

Chapter 8 (trade profits: herd basis rules),

Chapter 9 (trade profits: sound recordings),

Chapter 10 (trade profits: certain telecommunication rights),

Chapter 10A (leases of plant or machinery: special rules for long funding leases),

Chapter 11A (trade profits: changes in trading stock),

Chapter 13 (deductions from profits: unremittable amounts),

Chapter 14 (disposal and acquisition of know-how),

Chapter 16 (averaging profits of farmers and creative artists),

Chapter 16ZA (compensation for compulsory slaughter of animal),

Chapter 16A (oil activities).