F1PART 6AIncome charged under this Act: trading and property allowances
CHAPTER 1Trading allowance
Full relief
783AFFull relief: trade profits
(1)
This section applies if—
(a)
an individual qualifies for full relief for a tax year, and
(b)
the individual's relevant income for the tax year consists of or includes receipts of one or more relevant trades.
(2)
The profits or losses of each such trade for the tax year are treated as nil.