Commentary

D7.4102 Period over which receipts or expenses arise

Corporate tax
Corporate tax | Commentary

D7.4102 Period over which receipts or expenses arise

Corporate tax | Commentary

D7.4102 Period over which receipts or expenses arise

The rules in this division apply for accounting periods beginning on or after 1 January 2013. For accounting periods beginning before 1 January 2013 see Division D7.5.

Receipts or expenses allocated to BLAGAB and non-BLAGAB business as the case may be are spread over the ten-year period beginning on 1 January 20131.

The amount apportioned to any accounting period falling within that ten-year period is apportioned by reference to the number of days of the accounting period within the longer ten-year period2.

The general rule does not however apply to receipts arising from relevant court-protected items and is also subject to, and possibility over-ridden by, the rules dealing with transfers and cessations of business3.

Receipts arising from relevant

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