F1PART 6AIncome charged under this Act: trading and property allowances
CHAPTER 1Trading allowance
Basic definitions
783ADThe individual's trading allowance
(1)
For the purposes of this Chapter, an individual's trading allowance for a tax year is £1,000.
(2)
The Treasury may by regulations amend subsection (1) so as to substitute a higher sum for the sum for the time being specified in that subsection.