F1PART 6AIncome charged under this Act: trading and property allowances
Annotations:
Amendments (Textual)
C1CHAPTER 1Trading allowance
Annotations:
Modifications etc. (not altering text)
C1
Pt. 6A Ch. 1 excluded (22.7.2020) by Finance Act 2020 (c. 14), Sch. 16 para. 4(4)
Elections
783ALElection for full relief not to be given
1
An individual may elect not to be given full relief for a tax year (see sections 783AF and 783AG).
2
An election must be made on or before the first anniversary of the normal self-assessment filing date for the tax year for which the election is made.
783AMElection for partial relief
1
An individual may elect for partial relief to be given for a tax year if the individual's relevant income for the tax year exceeds the individual's trading allowance for the tax year (see sections 783AI and 783AJ).
2
An election must be made on or before the first anniversary of the normal self-assessment filing date for the tax year for which the election is made.
Pt. 6A inserted (16.11.2017) (with effect in accordance with Sch. 3 para. 13 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 3 para. 1