224 Effect of adjustment
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

224  Effect of adjustment

(1)     The adjusted profits are taken to be the relevant profits of the tax years to which the claim relates for all income tax purposes, including the further application of this Chapter.

(2)     This is subject to—

(a)     subsection (3) of this section and section 225(2), and

(b)     paragraph 3 of Schedule 1B to TMA 1970.

(3)     If

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