149 Taxation of amounts taken to reserves
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

Dealers in securities etc

149  Taxation of amounts taken to reserves

(1)     This section applies for the purpose of calculating the profits of a person's trade if a profit on the sale of securities would be brought into account in calculating the profits of the trade.

(2)     Profits and losses from the securities that in accordance with

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