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Income Tax (Trading and Other Income) Act 2005 section 50
Profits or losses of a trade, profession or vocation previously chargeable in accordance with section 65(1) of ICTA
Section 50 deals with the transitional treatment of trades, professions or vocations carried on entirely outside the United Kingdom that were previously taxed under the old remittance basis rules, establishing a deemed start date for basis period purposes from 2005-06 onwards.
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