Income Tax (Trading and Other Income) Act 2005 section 28

Items treated under CAA 2001 as receipts and expenses

Section 28 signposts the Capital Allowances Act 2001 rules that treat certain capital items as trading receipts or trading expenses when calculating the profits of a trade.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.