Section 614DB — Income Tax Act 2007: Periods of account and related periods of account and tax years

Periods of account and related periods of account and tax years 614DB 1 In this Part “ period of account ” means a period for which accounts are made up.

2 Except for the purposes of sections 614BB to 614BE and subsection (3), in this Part “ period of account ” does not include a period that begins before 26 November 1996.

3 But this Part applies in relation to a period of account that begins before 26 November 1996 and ends on or after that date as if—

a so much of the period as falls before that date, and b so much of the period as falls on or after that date, were separate periods of account.

4 For the purposes of this Part, a tax year is related to a period of account if the tax year consists of or includes the whole or any part of the period of account.

5 For the purposes of this Part a period of account is related to a tax year if the tax year is related to the period of account.