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Income Tax (Trading and Other Income) Act 2005 section 52-54
Overlap profit: pre-April 1994 trades, professions and vocations
Sections 52–54 deal with how overlap profit is calculated for trades, professions and vocations that were already running before the self-assessment regime began, specifically those set up before 6 April 1994 and carried on through the transitional period into 1997-98 and beyond.
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