LAM07130 - Trade profits: Transitional amounts: FA12/SCH17

Deemed receipts or expenses of the BLAGAB or non-BLAGAB business can arise under the transitional provisions at FA2012/SCH17/PART2 and are treated as arising over 10 years. They are taken into account in arriving at the BLAGAB and non-BLAGAB trade profit in the year they are deemed to arise - LAM14000 onwards.