Income Tax (Trading and Other Income) Act 2005 section 94B

Introduction

Section 94B confirms that the rules in this chapter apply not only to trades but equally to professions and vocations.

  • This section serves as an introductory provision for the chapter
  • All rules within the chapter that apply to trades also apply to professions
  • All rules within the chapter that apply to trades also apply to vocations
  • There is no distinction in treatment between trades, professions, and vocations under this chapter

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