Related Commentary  

207(1)  This section applies if–

(a)a person carrying on a trade receives a business start-up payment (see subsection (3)) in a period which falls within two basis periods, and

(b)the payment is not a lump sum payment.

207(2)  The payment–

(a)is brought into account in calculating the profits of the trade of the first basis period, and

(b)is not brought into account in calculating the profits of the trade of the second basis period.

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