784-580 Attribution of income and distributions to account periods
Because of the statutory definition of ‘account period’ (¶784-570), it may happen that the period for which a fund makes up its account covers more than one ‘account period’, or overlaps two account periods. If so, income shown in the accounts is apportioned between the account periods on a time basis, according to the number of days in each (ICTA 1988, Sch. 27, para. 1(4)(a)).