860 Adjustment income
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

860  Adjustment income

(1)     A change in the persons carrying on a trade from one period of account to the next does not prevent Chapter 17 of Part 2 (adjustment income) applying in relation to the trade so long as a person carrying on the trade immediately before the change continues to carry on the trade immediately after the change.

[(1A)     A change in the persons carrying on a property business from one period of account to the next does not prevent Chapter 7 of Part 3 (adjustment income) applying in relation to the

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