Related Commentary  

173(1)  If–

(a)the trader has profits from the trade in a period of account, and

(b)an unremittable amount has been brought into account as a receipt for that period,

a deduction of the amount is allowed from those profits (but see subsection (5)).

173(2)  If the trader has profits from the trade in a period of account and the total of–

(a)any unremittable amounts brought into account as receipts for that period, and

(b)any amount carried forward under this subsection or subsection (3) from the previous period of account,

exceeds the amount of those profits, the excess may be carried forward to the next period of account.

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