Related Commentary  Related HMRC Manuals


The heading substituted by F(No. 2)A 2017, s. 16 and Sch. 2, para. 4(2), with effect for the tax year 2017–18 and subsequent tax years, subject to the provisions of F(No. 2)A 2017, Sch. 2, para. 64. Former heading read “Cash basis: capital receipts”.

96A(1)  This section applies in relation to a trade carried on by a person in two cases–

(a)Case 1 (see subsections (2) to (3A)), and

(b)Case 2 (see subsections (3B) to (3E)).

96A(2)  Case 1 is a case in which conditions A and B are met.

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