This section has no associated Explanatory Notes
13(1)Section 330 (the tested income amount) is amended as follows.
(2)In subsection (3), for “arises as a result of a transaction that takes place” substitute “accrues”.
(3)After subsection (5) insert—
“(6)But subsection (5) does not apply if an election under section 331ZA has effect for the period of account.”