Section 95A | Application of Chapter to the cash basis ^F1

(1)For rules about receipts that apply only for the purpose of calculating profits on the cash basis, see the following—^F1F2F3

section 97A (cash basis: value of trading stock on cessation of trade),

section 97B (cash basis: value of work in progress on cessation of profession or vocation).

(2)Section 96A makes provision about capital receipts in certain cases where the profits of a trade are calculated on the cash basis or have previously been calculated on the cash basis (and see also section 96B).^F4