Commentary on Sections Overview Chapter 3: Trade profits: basic rules Section 49: Items treated as receipts and expenses
209.This section signposts rules affecting trade profits that are elsewhere in the Corporation Tax Acts. It is new. The corresponding rule for income tax is in section 28 of ITTOIA.
210.In particular the CAA rules override the rules against the inclusion of capital items in sections 53 and 93 of this Act.