Commentary on Sections Overview Overview Section 330: Adjustment income and adjustment expense
1361.This section sets out how to calculate an adjustment and how it is treated for tax purposes. It is based on paragraphs 2, 4, 5 and 6 of Schedule 22 to FA 2002.
1362.Subsection (4) is a cross-reference to the trading income rule about expenses for which a deduction has already been made.